- At the day of the merger 3.5% of your shares will be converted to AAL using the formula AAMRQ = 1.582 x LCC - 22.96 (this is the corrected formula). Those are the only shares available to trade. Rest of the shares are locked.
- Every 30 / 60 / 90 / 120 days after merger, 25% of your remaining AAMRQ shares will be converted, using the same formula, into AAL shares. The price of LCC (AAL) for that calculation, will be the average volume-weighted price of the last 5 trading days before the day you get the new shares.
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