• Corporate Events: American Physicians Captial, Inc. (ACAP)

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      • Clearing Member Firms
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      • CME Clearing
      • #
      • 09-331
      • Notice Date
      • 31 July 2009
      • Effective Date
      • 03 August 2009
    • ACTION:                                                           American Physicians Capital, Inc. (“ACAP") has announced a 4 for 3 stock split. The Ex-distribution Date is Monday, August 3, 2009. The Payable Date is July 31, 2009. The Record Date is July 10, 2009.
       
                                                                              This action will be coordinated with the Options Clearing Corporation.
       
      CATEGORY:                                                     4 for 3 Stock Split
                                                                             
      EQUITY SYMBOL:                                            American Physicians Capital, Inc. (“ACAP")
       
      ONECHICAGO SYMBOL:                                   ACAP1C will change to ACAP2C. A new ACAP1C with a contract unit of 100 shares will be introduced on Tuesday, August 4, 2009.   
                                                                                                     
      CME FUTURES SYMBOL:                                 AC8 for the ACAP1C; AC6 for the ACAP2C
                                                                                                       
      NUMBER OF CONTRACTS:                               Unchanged
       
      EFFECTIVE DATE:                                           August 3, 2009
       
      MULTIPLIER:                                                   100; Unchanged
       
      DELIVERABLE PER CONTRACT:                      ACAP2C:
       
      1)     133 American Physicians Capital, Inc. (“ACAP") Common Shares
      2)     Cash in lieu of .33 fractional shares 
                                                                             
      ACAP1C: Will be re-listed with a 100 share deliverable.
       
      APPLICABLE CONTRACT MONTHS:                 July, August, September, December 2009
       
      SETTLEMENT PRICES AND POSITIONS:         The underlying price for the deliverable futures must be calculated, as follows:
       
      ACAP2C = 1.33 (AC8) + cash in lieu
                             
      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.