Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: shortilong who wrote (8904)	8/15/2001 9:44:54 PM
From: BWAC	Read Replies (1) \| Respond to of 11568

CBOE Research Circular #RS01-387 June 13, 2001 WorldCom, Inc. ("WCOM/adj. WUO") Determination of Cash-in-Lieu Amount WorldCom, Inc. ("WCOM/adj. KHH/YVY/OSO/WQZ/DOJ/WUO") had previously approved a recapitalization and distribution of shares of Common Stock of WorldCom, Inc. - MCI Group ("MCIT"). Based on the recapitalization, each share of WCOM was converted into one (1) share of WorldCom, Inc. - WorldCom Group Common Stock (New "WCOM"), and 1/25 of a share of WorldCom, Inc. - MCI Group Common Stock ("MCIT"). The record date was June 7, 2001. The mail date was June 8, 2001. The ex-date was Friday, June 8, 2001. The OCC has informed that a whole-share price of $18.06 was used in the determination of cash-in-lieu amounts for fractional MCIT shares. Contract Adjustment Pursuant to Article VI, Section 11 of OCC's By-Laws, all LDQ/WQM/VQM & adj. WQZ/DOJ/WUO options outstanding as of Friday, June 8, 2001, were adjusted as follows: A) The LDQ/WQM/VQM series were adjusted to require the per-contract delivery or receipt of: (A) 100 shares of WorldCom, Inc. - WorldCom Group Common Stock (New "WCOM"); plus (B) 4 shares of WorldCom, Inc. - MCI Group Common Stock ("MCIT"). The LDQ/WQM/VQM option symbols changed to KHH, YVY and OSO. Premiums and strike-price amounts for the adjusted KHH/YVY/OSO options continue to be calculated on the basis of a multiplier of 100, i.e., for premium and strike-price extensions, 1.00 equals $100. Strike prices remain the same. B) The previously adjusted WQZ/DOJ series were further adjusted to require the per-contract delivery or receipt of: (A) 150 shares of WorldCom, Inc. - WorldCom Group Common Stock (New "WCOM"); plus (B) 6 shares of WorldCom, Inc. - MCI Group Common Stock ("MCIT"). The WQZ/DOJ option symbols remained the same. Premiums and strike-price amounts for the further adjusted WQZ/DOJ options continue to be calculated on the basis of a multiplier of 150, i.e., for premium and strike-price extensions, 1.00 equals $150. Strike prices remain the same. C) The previously adjusted WUO series were further adjusted to require the per-contract delivery or receipt of: (A) 37 shares of WorldCom, Inc. - WorldCom Group Common Stock (New "WCOM"); plus (B) 1 share of WorldCom, Inc. - MCI Group Common Stock ("MCIT"); plus (C) $80.22 cash ($71.55 + $8.67 cash-in-lieu of 0.48 share of MCIT Common Stock) (based on a whole-share price of $18.06 for MCIT shares). The WUO option symbol remains the same. Premiums and strike-price amounts for the further adjusted WUO options continue to be calculated on the basis of a multiplier of 100, i.e., for premium and strike-price extensions, 1.00 equals $100. Strike prices remain the same. [Any FLEX series that may exist were adjusted in a similar manner to the standardized option cboe.com