ACTION: American Commercial Lines Inc. (“ACLI”) has announced a 1-for-4 reverse stock split. As a result of the reverse stock split, each ACLI Common Share will be converted into the right to receive .25 (New) American Commercial Lines Inc. Common Shares. The reverse stock split will be effective prior to the open of business on May 26, 2009.
This action will be coordinated with the Options Clearing Corporation.
CATEGORY: 1 for 4 Reverse Stock Split
EQUITY SYMBOL: American Commercial Lines Inc. (“ACLI”)
ONECHICAGO SYMBOL: ACLI1C will change to ACLI2C. A new ACLI1C with a contract unit of 100 shares will be introduced on Wednesday, May 26, 2009.
CME FUTURES SYMBOL: ACL for the ACLI1C; AC2 for the ACLI2C
NUMBER OF CONTRACTS: Unchanged
EFFECTIVE DATE: November 7, 2008
MULTIPLIER: 100; Unchanged
DELIVERABLE PER CONTRACT: ACLI2C: 25 American Commercial Lines Inc. (“ACLI”)
ACLI1C: Will be re-listed with a 100 share deliverable.
APPLICABLE CONTRACT MONTHS: June, July, September, December 2009
SETTLEMENT PRICES AND POSITIONS: The underlying price for the deliverable futures must be calculated, as follows:
ACLI2C = .25 (ACL)
NOTES: The forecasted effect of the upcoming corporate event on each clearing firms’ positions can be viewed in infopac in the Corporate Event Initial Forecast Report (ONE712), the Corporate Event Final Forecast Report (ONE713), and the Corporate Event Forecast Audit Report (CPDBU710).
If you have any questions regarding the information provided in the document, please call CME Clearing risk management hotline at (312) 648-3888.