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la-tsla-fan

09/30/16 8:47 PM

#412192 RE: ddutta #412190

I am trying to work my way through Article 10 of the indenture agreement entered into by IDCC and the initial bond buyers:

https://www.sec.gov/Archives/edgar/data/1405495/000119312515087314/d888367dex41.htm

It is tough sledding!

If any of you have done that already, can you furnish answers to two basic questions:

1. What is the initial "Conversion Price"?
2. How does it adjust in future years?

Thanks in advance.

LA