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Technology Stocks : USRX
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To: Ed Strus who wrote (14777)3/6/1997 2:31:00 PM
From: Jackie Goodson   of 18024
 
Ed, There are no absolutes in this but normally the call would be converted into a COMS call with a proportionate price/quantity. The new strike price can be calculated by dividing the old strike price by 1.75. For example a USRX call for 100 shares with a strike price of 60 would become a COMS call for 175 shares with a strike price of 34.29. The call would convert only after the merger is effected. Prior to that the call would remain a USRX call. If you are sure the merger will go through, you may be better off buying the COMS calls in order to wind up with round lots of shares if call is exercised.
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