Synaptics Incorporated (SYNA), a leader in human interface solutions, today announced, as required by the notice provisions of the Indenture related to its 0.75% Convertible Senior Subordinated Notes due 2024 (the “Notes”), that the Notes are convertible during the first calendar quarter of 2014.
As of December 31, 2013, the sale price of Synaptics’ common stock exceeded the conversion trigger price per share as set forth in the Indenture for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of such calendar quarter. Based on this condition, the Indenture provides that the Notes are convertible during the subsequent calendar quarter, which commences on January 1, 2014. The holders of the Notes that wish to exercise their option to convert their Notes must follow the instructions and other conditions set forth in the Notes and the Indenture. Questions relating to the mechanics of the conversion for the Notes should be directed to Bryan Anderson at American Stock Transfer & Trust Company, LLC, telephone number: 718-921-8200, extension 6457 and address: 6201 15
Avenue, Brooklyn, New York 11219.
Such right to convert based on the sale price of Synaptics’ common stock may be extended, extinguished or reinstated in subsequent calendar quarters depending on the sale price of Synaptics’ common stock during the 30 consecutive trading days ending on the last trading day of the preceding calendar quarter.
As a leading developer of human interface solutions which enhance the user experience, Synaptics provides the broadest solutions portfolio in the industry. The ClearPad® family supports touchscreen solutions for devices ranging from entry-level mobile phones to flagship premium smartphones, tablets and notebook PCs. The TouchPad™ family, including ClickPad™ and ForcePad®, is integrated into the majority of today's notebook PCs. LiveFlex® fingerprint sensor technology enables authentication, mobile payments, and touch-based navigation for smartphones, tablets, and notebook computers. Synaptics’ wide portfolio also includes ThinTouch® supporting thin and light keyboard solutions, as well as key technologies for next generation touch-enabled video and display applications. (NASDAQ: SYNA)