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fixedops

10/02/09 4:55 PM

#105836 RE: brembo #105834

your conversion is correct...
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Jestiron

10/02/09 5:39 PM

#105856 RE: brembo #105834

Conversion Upon Fundamental Change:
"If the reference price (as defined under “Description of Series R Preferred Stock — Conversion Upon Fundamental Change”) in connection with a fundamental change (as defined under “Description of Series R Preferred Stock — Conversion Upon Fundamental Change”) is less than the applicable conversion price, each share of Series R Preferred Stock may be converted during the period beginning on the effective date of the fundamental change and ending on the date that is 30 days after the effective date of such fundamental change at an adjusted conversion price equal to the greater of (1) the reference price and (2) $8.71, which is 50% of the closing price of our common stock on the date of this prospectus supplement, subject to adjustment. If the reference price is less than $8.71, holders will receive a maximum of 114.8106 shares of our common stock per share of Series R Preferred Stock, subject to adjustment, which may result in a holder receiving value that is less than the liquidation preference of the Series R Preferred Stock. In lieu of issuing common stock upon conversion in the event of a fundamental change, we may at our option, and if we obtain any necessary regulatory approval, make a cash payment equal to the reference price for each share of common stock otherwise issuable upon conversion.


Linked:
http://www.sec.gov/Archives/edgar/data/933136/000095013407025343/v36123b2e424b5.htm