Odd Lot Index

INTEGRATED SILICON SOLUTION INC

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 date2007-09-14
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdYes
Must tick the odd-lot box on the formNot stated
Price offeredUSD $5.70 to $6.30 per share
Most an odd-lot tender could be$564.30 to $623.70

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.

expiry = 2007-09-14...C. OFFER TO PURCHASE FOR CASH UP TO $30,000,000 IN VALUE OF ITS COMMON STOCK AT A PURCHASE PRICE NOT GREATER THAN $6.30 NOR LESS THAN $5.70 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON FRIDAY, SEPTEMBER 14, 2007 UNLESS THE OFFER IS EXTENDED August 15, 2007 INTEGRATED SILICON SOLUTION, INC. Offer to Purchase for Cash up to $30,000,000 in Value of its Common Stock at a Purchase Price Not Greater Than $6.30 Nor Less Than $5.70 Per Share This offer an...
listed = True...rchase additional Shares pursuant to the Offer, subject to applicable law. See Sections 1 and 14. The Offer is not conditioned on any minimum number of Shares being tendered. The Offer is, however, subject to other conditions. See Sections 5 and 7. The Shares are listed on the Nasdaq Global Market (“Nasdaq”) and trade under the symbol “ISSI.” On August 14, 2007, the last full trading day before the announcement of the Offer, the last reported sale price of the Shares was $5.95 per Share. Stockholders are urged to obtain current market quotations for the Shares before deciding whether to tender their Shares pursuant to the Offer. Se...
mechanism = DUTCH...on, to purchase additional Shares pursuant to the Offer, subject to applicable law. See Sections 1 and 14. What will be the purchase price for the Shares and what will be the form of payment? • We are conducting the Offer through a procedure commonly called a modified “Dutch Auction.” This procedure allows you to select the price within a price range specified by us at which you are willing to sell your Shares pursuant to the Offer. The price range for the Offer is $5.70 to $6.30 per Share. See Section 1. 1 • We will select the lowest price per Share (the “Purchase Price”) that will allow us to buy $30 million in va...
must_tender_all = True...ittal tenders Shares at different prices; however, absent a notice of withdrawal, subsequent Letters of Transmittal do not revoke prior Letters of Transmittal. Stockholders may contact the Depositary for additional instructions. In addition, “odd lot holders” who tender all of their Shares must complete the section captioned “Odd Lots” in the Letter of Transmittal and, if applicable, in the Notice of Guaranteed Delivery, to qualify for the preferential treatment available to “odd lot holders” as set forth in Section 1 of this Offer to Purchase. Stockholders holding their Shares in a brokerage account or otherwise through a...
price = USD 5.7-6.3...odified “Dutch Auction.” This procedure allows you to select the price within a price range specified by us at which you are willing to sell your Shares pursuant to the Offer. The price range for the Offer is $5.70 to $6.30 per Share. See Section 1. 1 • We will select the lowest price per Share (the “Purchase Price”) that will allow us to buy $30 million in value of Shares, or if fewer Shares are properly tendered, all Shares that are prop...
threshold = 100...perly withdrawn such Shares prior to the Expiration Date. Odd Lots. For purposes of the Offer, the term “odd lots” means all Shares properly tendered at prices at or below the Purchase Price held by a stockholder, which we refer to as an “odd lot holder,” who owns beneficially or of record an aggregate of fewer than 100 Shares and so certifies in the appropriate place on the related Letter of Transmittal. To qualify for this preference, an “odd lot holder” must tender all Shares owned beneficially or of record by the “odd lot holder” in accordance with the procedures described in Section 3. As set forth above, “odd lots” will be accepted for payment before pro...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 dex99a1a.htm OFFER TO PURCHASE Offer to Purchase Exhibit (a)(1)(A) INTEGRATED SILICON SOLUTION, INC. OFFER TO PURCHASE FOR CASH UP TO $30,000,000 IN VALUE OF ITS COMMON STOCK AT A PURCHASE PRICE NOT GREATER THAN $6.30 NOR LESS THAN $5.70 PER SHARE THE OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON FRIDAY, SEPTEMBER 14, 2...

The filings

FiledFormRoleOn EDGAR
2007-08-15SC TO-Ioriginal (governing)View