The notes will be convertible, under certain circumstances and during certain periods, into cash, shares of the Company's common stock or a combination thereof, at the Company's election, based on an initial base conversion rate for the notes of 60.4961 shares of the Company's common stock per $1,000 principal amount of notes (which is equivalent to an initial base conversion price of $16.53 per share of common stock and represents an approximately 50.0% conversion premium over the closing sale price of the Company's common stock on October 11, 2012, which was $11.02 per share).
doesnt seem very dilutive to me........
so far so good, but what about the further detail:
"If the price of the Company's common stock exceeds the base conversion price during specified periods applicable to conversion, holders will receive additional shares of the Company's common stock upon conversion, as determined based on the incremental share factor."
To me this sounds like "the more the share price climbs over $16.53 the more dilution will occur".