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Technology Stocks : SDL, Inc. [Nasdaq: SDLI] -- Ignore unavailable to you. Want to Upgrade?

To: XINLING DENG who wrote (3373)	10/27/2000 1:13:59 AM
From: BDR	Read Replies (1) \| Respond to of 3951

<< need some help on my 10 SDLI MARCH 380 call options. I have no idea what happens to my options when the merge go through.>> This doesn't answer your question directly but I assume the exchanges may treat the SDLI acquisition in a similar manner to the following merger. See: cboe.com for additional examples. You may want to call the 888 number at the bottom for specifics. <<<<<< CBOE Research Circular #RS00-820 October 25, 2000 First Security Corporation ("FSCO/FQB") Merger Completed with Wells Fargo FSCO Merger Co. Shareholders of First Security Corporation ("FSCO/FQB") voted on Monday, July 31, 2000, and approved a proposed Merger between FSCO and Wells Fargo FSCO Merger Co., a wholly owned subsidiary of Wells Fargo & Company ("WFC"). Pursuant to the terms of the Merger, each share of FSCO Common Stock outstanding immediately prior to the consummation of the Merger will be converted into the right to receive 0.355 share of WFC Common Stock . The Merger became effective today, Wednesday, October 25, 2000. Contract Adjustments Pursuant to Article VI, Section 11, of OCC's By-Laws, all outstanding FQB options shall be adjusted as follows. On Thursday, October 26, 2000, each adjusted First Security Corporation contract will require the receipt or delivery of: (A) 35 shares of WFC Common Stock, plus (B) cash in lieu of 0.50 fractional share of WFC Common Stock. Premiums for the adjusted First Security Corporation options will continue to be calculated on the basis of a multiplier of 100, i.e., for premium and strike-price extensions, 1.00 will equal $100 . The First Security Corporation option symbol will change to FBW. [Any FLEX series that may exist will be adjusted in a similar manner to the standardized option.] Questions regarding this memo can be addressed to the Options Industry Services Department at 1-888-OPTIONS (1-888-678-4667). This and all other CBOE contract adjustment research circulars can be accessed from the CBOE Web site at the following web address: cboe.com