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GENERAL MOTORS COMPANY Message Board

  • sweeney.anthony sweeney.anthony Feb 2, 2012 2:00 PM Flag

    WTA and WTB Description

    Holders have the right to full physical settlement or net share settlement. In full physical settlement, holders must pay the exercise price, which currently is $10 for Warrant A (CUSIP 37045V118) and $18.33 for Warrant B (CUSIP 37045V126), (plus any associated fees charged by the broker, etc) in order to receive one share of common stock for each warrant exercised. In a net share settlement, the transaction is cashless (unless there are associated fees charged by the broker, etc) where the number of shares of common stock to be delivered is equal to the Net Share Settlement Price (equal to the volume weighted average price of prior 20 trading days on the New York Stock Exchange for common stock) minus the associated exercise price divided by the Net Share Settlement Price. All fractional shares will be paid in cash. Please check with your broker or financial advisor for exact details and definitions.

 
GM-WTA
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