"By the way, those shares are already in the share mix. The conversion will come from treasury stock. Absolutely zero dilution!"
"Definition of 'Treasury Stock (Treasury Shares)'
The portion of shares that a company keeps in their own treasury. Treasury stock may have come from a repurchase or buyback from shareholders; or it may have never been issued to the public in the first place. These shares don't pay dividends, have no voting rights, and should not be included in shares outstanding calculations."