Sentences with phrase «price of the convertible security»

This price is equal to the market price of convertible security divided by the conversion ratio.

Not exact matches

in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;

The convertible notes payable were convertible at the election of the note holder into either the securities issuable in a subsequent round of financing at the per share price of such financing, or into Series D convertible preferred stock at a per share price of $ 2.44.

Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economiSecurities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock, including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economisecurities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.

Air Conditioning, Climate Control, Dual Zone Climate Control, Power Steering, Power Windows, Power Mirrors, Leather Steering Wheel, Leather Shifter, Power Drivers Seat, Power Passenger Seat, Memory Seat Position, Tachometer, Digital Info Center, Homelink System, Tilt Steering Wheel, Telescoping Steering Wheel, Steering Wheel Radio Controls, Driver Airbag, Passenger Airbag, Side Airbags, Keyless Entry, Security System, ABS Brakes, Traction Control, Dynamic Stability, Rear Defogger, Fog Lights, Intermittent Wipers, AM / FM, CD Player, CD Changer, 18 AMG ® r Ultrathin - Spoke Monoblock Wheels, Front Heated Sport Bucket Seats, Perforated Leather Seat Trim, 4 - Wheel Disc Brakes, Convertible HardTop, Front Bucket Seats, Navigation System, Adaptive suspension, Auto - dimming door mirrors, Auto - leveling suspension, Automatic temperature control, Brake assist, Bumpers: body - color, Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible HardTop, Front Bucket Seats, Navigation System, Adaptive suspension, Auto - dimming door mirrors, Auto - leveling suspension, Automatic temperature control, Brake assist, Bumpers: body - color, Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Sport steering wheel, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Powertrain warranty: 48 months / 50, 000miles, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Daytime Running Lights, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Fuel Door, Remote Trunk Lid, Roll Stability Control, Sport Seats, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited to pricing.

Air Conditioning, Climate Control, Dual Zone Climate Control, Cruise Control, Power Steering, Power Windows, Power Mirrors, Leather Shifter, Power Drivers Seat, Power Passenger Seat, Memory Seat Position, Wood Trim, Tachometer, Digital Info Center, Homelink System, Tilt Steering Wheel, Telescoping Steering Wheel, Steering Wheel Radio Controls, Driver Airbag, Passenger Airbag, Side Airbags, Keyless Entry, Security System, ABS Brakes, Traction Control, Dynamic Stability, Rear Defogger, Fog Lights, Intermittent Wipers, AM / FM, CD Player, Alloy Wheels, Heated Front Bucket Seats, Leather Seat Trim, 4 - Wheel Disc Brakes, Convertible HardTop, Front Bucket Seats, Navigation System, Adaptive suspension, Auto - dimming door mirrors, Auto - leveling suspension, Automatic temperature control, Brake assist, Bumpers: body - color, Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Genuine wood console insert, Genuine wood door panel insert, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible HardTop, Front Bucket Seats, Navigation System, Adaptive suspension, Auto - dimming door mirrors, Auto - leveling suspension, Automatic temperature control, Brake assist, Bumpers: body - color, Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Genuine wood console insert, Genuine wood door panel insert, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible roof lining, Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Genuine wood console insert, Genuine wood door panel insert, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited Convertible roof wind blocker, Delay - off headlights, Driver door bin, Driver vanity mirror, Dual front impact airbags, Dual front side impact airbags, Emergency communication system, Four wheel independent suspension, Front reading lights, Genuine wood console insert, Genuine wood door panel insert, Glass rear window, HVAC memory, Head restraints memory, Headlight cleaning, Heated door mirrors, Heated front seats, Illuminated entry, Integrated roll - over protection, Knee airbag, Occupant sensing airbag, Outside temperature display, Passenger door bin, Passenger vanity mirror, Power adjustable front head restraints, Power convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited convertible roof, Power door mirrors, Power driver seat, Rain sensing wipers, Steering wheel memory, Telescoping steering wheel, Turn signal indicator mirrors, Weather band radio, Auto - dimming Rear - View mirror, Child - Seat - Sensing Airbag, 8 Speakers, Front Center Armrest with Storage, High intensity discharge headlights: Xenon Carpeted Floor Mats, Cup Holders, Front Heated Seats, Heated Mirrors, HID Headlamps, Navigation System, Premium Sound, Rear Fog Lamps, Remote Trunk Lid, Vanity Mirrors, Xenon - Dealer not responsible for typographical errors of any sort, including but not limited to pricing.

The convertible security issued by MNOV would allow each AVGN stockholder at their election to either (i) convert each share of the convertible security into MNOV at a conversion price of $ 4.00 per share or (ii) have the convertible security redeemed for cash in an amount per share that represents the Net Cash Assets per share of AVGN.

The convertible security issued by MediciNova as consideration would allow each Avigen stockholder at their election to either (i) convert each share of such convertible security into shares of MediciNova common stock at a conversion price of $ 4.00 per share at certain pre-specified accelerated conversion dates or the Final Conversion Date or (ii) have the convertible security redeemed by MediciNova on the Final Conversion Date for cash in an amount per share which represents the Net Cash Assets per share of Avigen.

One of the oldest tricks in the game is to offer a high current yield, where the yield can get curtailed through early prepayment (typically in low interest rate environments), or some negative event that forces the security to change its form, such as when a stock price falls with reverse convertibles.

Parity price: For convertible securities, the price level at which their exchange value equals that of the common stock.

Arbitrage might take advantage of imbalances in prices between two markets for the same security (such as a domestic and a foreign market) or between two types of securities whose value depends on the same underlying security (such a stock and a bond convertible into the stock).

In my view, those securities are limited to the following: a) credit instruments without credit risk; b) derivative securities, including synthetics, warrants and convertibles; and c) pure risk arbitrage situations, i.e., situations where there are relatively determinant price realization events in relatively determinant periods of time.

Consider these risks before investing: Convertible securities prices may fall or fail to rise over time for several reasons, including general financial market conditions, factors related to a specific company or industry, changing market perceptions of the risk of default and changes in government intervention in the financial markets.

While convertible securities tend to provide higher yields than common stocks, the higher yield may not protect against the risk of loss or mitigate any loss associated with a convertible security's price decline.

(3) Black - Scholes calculation based upon certain assumptions for Convertible Security including: MNOV stock price of $ 1.59 as of March 13, 2009; convertible security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed MarcConvertible Security including: MNOV stock price of $ 1.59 as of March 13, 2009; convertible security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed March 1Security including: MNOV stock price of $ 1.59 as of March 13, 2009; convertible security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed Marcconvertible security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed March 1security exercise price of $ 4.00; assumed risk - free interest rate of 0.44 %; one - year term for convertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed Marcconvertible security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed March 1security; and standard deviation volatility assumption of 69 % based upon MediciNova's 10 - K filed March 17, 2008.

Avigen shareholders would be able to elect to receive this consideration in cash at closing or to receive a convertible security by which that cash consideration may be converted into MediciNova stock at a conversion price equal to the greater of $ 4.00 or a mutually agreeable volume - weighted average price of MediciNova common stock.

The secured convertible notes will be convertible on the final business day of each month into shares of MediciNova common stock at a conversion price of $ 6.80 per share, which conversion price is based on the volume - weighted average price of MediciNova's common stock as quoted on Nasdaq and the Osaka Securities Exchange over the 20 trading days prior to signing of the merger agreement.

There may be a small trading market for a particular convertible security at any given time, which may adversely impact market price and a fund's ability to liquidate a particular security or respond to an economic event, including deterioration of an issuer's creditworthiness.

When the underlying value of the common stocks declines, the price of the issuer's convertible securities will tend not to fall as much because the convertible security's income potential will act as a price support.