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Ford To Adjust Conversion Prices On Convertible Debt Securities And Exercise Price And Number Of Underlying Shares Of Warrants

DEARBORN, Mich., Nov. 2, 2012 /PRNewswire/ -- 
  • Ford's quarterly dividend of $0.05 per share to be paid in the fourth quarter on its common stock triggers conversion and exercise price adjustments 
  • Conversion and exercise price adjustments are being made pursuant to the terms of convertible debt securities and warrants 
  • Adjustments offset dilutive impact of common stock dividends on holders of convertible debt securities and warrants 

Ford Motor Company (NYSE: F) announced that as a result of its fourth-quarter dividend in the amount of $0.05 per share on its common stock, par value $0.01 per share ("Ford common stock"), payable Dec. 3, 2012 to holders of record on Nov. 2, 2012, it will adjust the conversion prices for its two outstanding convertible debt securities, which are convertible into Ford common stock, and the exercise price and number of underlying shares with respect to its outstanding warrants to purchase Ford common stock. The adjustments described below will be made in accordance with the terms of the impacted securities and are intended to offset the dilutive impact of such dividend payments on the holders of the convertible debt securities and warrants.

4.25 Percent Senior Convertible Notes Due Nov. 15, 2016 Ford's 4.25 Percent Senior Convertible Notes due Nov. 15, 2016 (the "2016 Notes") (CUSIP Number 345370 CN8) were issued on Nov. 9, 2009 and $882,743,000 aggregate principal amount remains outstanding. Effective Nov. 9, 2012, the conversion rate for the 2016 Notes of 109.3202 shares of Ford common stock for each $1,000 in principal amount of the 2016 Notes (equivalent to a conversion price of $9.15 per share of Ford common stock) will be adjusted to 109.8554 shares for each $1,000 in principal amount of 2016 Notes (equivalent to a conversion price of approximately $9.10 per share of Ford common stock).

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