This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Stocks in this article: F

4.25 Percent Senior Convertible Notes Due 2036 Ford's 4.25 Percent Senior Convertible Notes due 2036 (the "2036 Notes") (CUSIP Number 345370 CF5) were issued on Dec. 15, 2006 and $24,996,000 aggregate principal amount remains outstanding. Effective Dec. 15, 2012, the conversion rate for the 2036 Notes of 110.5085 shares of Ford common stock for each $1,000 in principal amount of the 2036 Notes (equivalent to a conversion price of $9.05 per share of Ford common stock) will be adjusted to 111.0495 shares for each $1,000 in principal amount of 2036 Notes (equivalent to a conversion price of approximately $9.01 per share of Ford common stock).

Warrants to Purchase One Share of Ford Common Stock Ford's Warrants to purchase Ford common stock (NYSE: F WS) (CUSIP Number 345370 134) ("Warrants") were issued on Dec. 11, 2009 and about 362,030,407 Warrants remain outstanding. Effective Dec. 11, 2012, the exercise price of $9.05 at which each Warrant is exercisable to purchase 1.0167 shares of Ford common stock will be adjusted to $9.01 and the number of shares for which each Warrant is exercisable will also be adjusted to 1.0212. As a result of these adjustments, effective Dec. 11, 2012, each Warrant will represent the right to purchase 1.0212 shares of Ford common stock at an exercise price of $9.01

Important Notice of Warrant ExpirationFord is reminding holders that the Warrants expire on Jan. 1, 2013. Because the expiration date of Jan. 1, 2013 is not a trading day on the New York Stock Exchange ("NYSE"), holders will need to contact their broker or the Depository Trust Company (DTC) and have it exercise their Warrants on their behalf no later than Dec. 31, 2012. Because the Warrants are in global form, they will not be exercisable after DTC's cutoff time for such exercises on Dec. 31, 2012. 

In addition, the NYSE has notified Ford that trading in the Warrants on the NYSE will be suspended after the close of business Dec. 24, 2012 to ensure all trades in the Warrants settle in time to allow the purchasers of such Warrants to exercise the Warrants on or before Dec. 31, 2012.

A holder can obtain further information on exercising Warrants by contacting his or her broker or Computershare Trust Company N.A., the company's transfer agent and warrant agent. Brokers are encouraged to contact DTC in advance of the expiration date to confirm the procedures for exercising Warrants and payment of exercise prices.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs