Odd Lot Index

GREEN MOUNTAIN POWER CORP

Terms unclear

Unclear — read the filing yourself
In a Dutch auction, tendering too high can cost you the priority. The company picks the lowest price that buys the shares it wants, and everyone at or below that price gets it. Tender above it and your shares come back unpurchased — and because you are not in the accepted pool at all, the odd-lot priority never applies. Most offers have a box meaning "accept whatever price is determined", which keeps you in the pool; the trade-off is that you give up any say in the price. The filing explains both.
StatusClosed
Closing date2002-11-19
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formYes
Price offeredUSD $17.00 to $21.00 per share, in steps of $0.12
Most an odd-lot tender could be$1,683.00 to $2,079.00

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

election_required = True...y any "odd lot holder" (as defined below) who: o tenders all shares owned (beneficially or of record) by the odd lot holder at a price equal to or below the purchase price (tenders of less than all the shares owned will not qualify for this preference); and o completes the section entitled "Odd Lots" in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery; and o Second, after the purchase of all the shares properly tendered by odd lot holders and subject to the conditional tender procedures described in Section 6, all other shares properly tendered at prices equal to or below the purchase price, on a pro rata basis with appropriate...
expiry = 2002-11-19...Purchase Price Not In Excess Of $21.00 Nor Less Than $17.00 Per Share -------------------------------------------------------------------------------- OUR OFFER AND YOUR RIGHT TO WITHDRAW YOUR SHARES WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK CITY TIME, ON TUESDAY, NOVEMBER 19, 2002, UNLESS THE OFFER IS EXTENDED. WE MAY EXTEND THE OFFER PERIOD AT ANY TIME. -------------------------------------------------------------------------------- Green Mountain Power Corporation Is: o offering to purchase 800,000 shares of our c...
listed = True...2. -------------------------------------------------------------------------------- 3 -------------------------------------------------------------------------------- What Is A Recent Market Price Of My Green Mountain Power Shares?.......... Our common stock is traded on the NYSE under the symbol "GMP." On October 17, 2002, the last full trading day on the NYSE prior to our announcement of this offer, the closing price on the NYSE Composite Tape was $16.17. We urge you to obtain more current market quotations for your shares. See Section 8. Will I Have To Pay Brokerage Commissions Or Stock Transfer Tax If I Tende...
mechanism = DUTCHEX-1 3 dex1.htm EXHIBIT (A)(5)(B) Exhibit (a)(5)(B) Exhibit (a)(5)(B) FOR IMMEDIATE RELEASE GREEN MOUNTAIN POWER ANNOUNCES PRELIMINARY RESULTS OF ITS SUCCESSFUL MODIFIED “DUTCH AUCTION” SELF TENDER OFFER NEW YORK, November 20, 2002 – GREEN MOUNTAIN POWER CORPORATION (NYSE: GMP) announced today the preliminary results of its successful modified “Dutch Auction” self tender offer, which expired at 12:00 midnight, New York City time, on November 19, 2002. Based on the preliminary count by the depositary for the tender offe...
mechanism = DUTCHEX-1 3 dex1.htm EXHIBIT (A)(5)(C) Exhibit (a)(5)(C) Exhibit (a)(5)(C) FOR IMMEDIATE RELEASE GREEN MOUNTAIN POWER ANNOUNCES REVISED PRELIMINARY RESULTS OF ITS SUCCESSFUL MODIFIED “DUTCH AUCTION” SELF TENDER OFFER NEW YORK, November 20, 2002 — GREEN MOUNTAIN POWER CORPORATION (NYSE: GMP) announced today the revised preliminary results of its successful modified “Dutch Auction” self tender offer, which expired at 12:00 midnight, New York City time, on November 19, 2002. Based on the preliminary count by the depositary for the ten...
mechanism = DUTCH...hares of our outstanding common stock and the associated common stock purchase rights. See Section 10. What Is The Purchase Price?........... The price range for our offer is $17.00 to $21.00. We are conducting the offer through a procedure commonly called a "Modified Dutch Auction." This procedure allows you to choose a price within this price range at which you are willing to sell your shares. We will look at the prices chosen by shareholders for all of the shares properly tendered. We will then select the lowest price that will allow us to buy 800,000 shares. If a lesser number of shares is tendered, we will sel...
must_tender_all = True...of less than 100 shares (including any shares held in the Green Mountain Power Corporation Dividend Reinvestment and Stock Purchase Plan, but not including any shares held in the Green Mountain Power Corporation Employee Savings and Investment Plan and Trust) who properly tender all of their shares at prices equal to or below the selected price. Second, we will purchase shares from all other shareholders who properly tender shares at prices equal to or below the selected price, on a pro rata basis, subject to the conditional tender provisions described in Section 6. As a result, we will purchase the same percentage of shares from e...
price = USD 20.0...re willing to accept the price selected by Green Mountain Power in accordance with the terms of the offer). Green Mountain Power expects to accept for purchase 872,552 shares at a purchase price of $20.00 per share in accordance with the terms of the offer. The 872,552 shares that Green Mountain Power expects to purchase are comprised of the 800,000 shares Green Mountain Power offered to purchase and 72,552 shares to be purchased...
price = USD 19.75...re willing to accept the price selected by Green Mountain Power in accordance with the terms of the offer). Green Mountain Power expects to accept for purchase 815,779 shares at a purchase price of $19.75 per share in accordance with the terms of the offer. The 815,779 shares that Green Mountain Power expects to purchase are comprised of the 800,000 shares Green Mountain Power offered to purchase and 15,779 shares to be purchased...
price = USD 17.0-21.0...fering to purchase up to 800,000 shares of our outstanding common stock and the associated common stock purchase rights. See Section 10. What Is The Purchase Price?........... The price range for our offer is $17.00 to $21.00. We are conducting the offer through a procedure commonly called a "Modified Dutch Auction." This procedure allows you to choose a price within this price range at which you are willing to sell your shares. We will look...
threshold = 100...to the greater number of shares. Odd Lots. For purposes of our offer, the term "odd lots" means all shares properly tendered before the Expiration Date at prices equal to or below the purchase price and not properly withdrawn by any person, referred to as an "odd lot holder," who owns, beneficially or of record, a total of fewer than 100 shares (including any shares held in our Dividend Reinvestment and Stock Purchase Plan, but not including any shares held in our Employee Savings and Investment Plan and Trust) and certifies to that fact in the "Odd Lots" box on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery. As set forth above, odd lots will...
txn_type = TENDER_OFFER...shares at a price not greater than $21.00 nor less than $17.00 per share, net to the seller in cash, without interest, as specified by shareholders tendering their shares. The Company’s offer is made on the terms and subject to the conditions set forth in the Offer to Purchase, dated October 18, 2002, and in the related Letter of Transmittal, which, as amended or supplemented from time to time, together constitute the tender offer. This Amendment No. 1 is filed in satisfaction of the reporting requirements of Rule 13e-4(c) promulgated under the Securities Exchange Act of 1934, as amended. The information in th...
txn_type = TENDER_OFFEREX-1 3 dex1.htm EXHIBIT (A)(5)(B) Exhibit (a)(5)(B) Exhibit (a)(5)(B) FOR IMMEDIATE RELEASE GREEN MOUNTAIN POWER ANNOUNCES PRELIMINARY RESULTS OF ITS SUCCESSFUL MODIFIED “DUTCH AUCTION” SELF TENDER OFFER NEW YORK, November 20, 2002 – GREEN MOUNTAIN POWER CORPORATION (NYSE: GMP) announced today the preliminary results of its successful modified “Dutch Auction” self tender offer, which expired at 12:00 midnight, New York City time, on November 19, 2002. Based on the preliminary count by the depositary for the tender offer, approximately 87...
txn_type = TENDER_OFFEREX-1 3 dex1.htm EXHIBIT (A)(5)(C) Exhibit (a)(5)(C) Exhibit (a)(5)(C) FOR IMMEDIATE RELEASE GREEN MOUNTAIN POWER ANNOUNCES REVISED PRELIMINARY RESULTS OF ITS SUCCESSFUL MODIFIED “DUTCH AUCTION” SELF TENDER OFFER NEW YORK, November 20, 2002 — GREEN MOUNTAIN POWER CORPORATION (NYSE: GMP) announced today the revised preliminary results of its successful modified “Dutch Auction” self tender offer, which expired at 12:00 midnight, New York City time, on November 19, 2002. Based on the preliminary count by the depositary for the tender offer, and afte...
txn_type = TENDER_OFFEREX-99 3 ex99-a1a.txt Exhibit (a)(1)(A) [LOGO] GREEN MOUNTAIN POWER On. Every Day. GREEN MOUNTAIN POWER CORPORATION Offer To Purchase For Cash Up To 800,000 Shares Of Common Stock Of Green Mountain Power Corporation (Including The Associated Common Stock Purchase Rights) At A Purchase Price Not In Excess Of $21.00 Nor Less Than $17.00 Per Share -------------------------------------------------------------------------------- OUR OFFER AND YOUR RIGHT TO WITHDRAW YOUR SHA...

The filings

FiledFormRoleOn EDGAR
2002-10-18SC TO-Ioriginal (governing)View
2002-10-31SC TO-I/AamendmentView
2002-11-20SC TO-I/AamendmentView
2002-11-21SC TO-I/AamendmentView