Odd Lot Index

VICOR CORP VICR

Odd lots go first

Read automatically from the filing
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 date2013-04-22
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdNot stated
Must tick the odd-lot box on the formYes

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...r than 100 shares and I tender all of my shares, will I be subject to proration? If you own beneficially or of record fewer than 100 Common Shares, you properly tender all of these Common Shares at or below the Purchase Price before the Offer expires, and you complete the section entitled “Odd Lots” in the Letter of Transmittal, we will purchase all of your Common Shares without subjecting them to the proration procedure. See Section 1. How long do I have to tender my Common Shares? You may tender your Common Shares until the Offer expires on the Expiration Date. If a broker, dealer, commercial bank, trust company or other nominee holds your Common Shares, it i...
expiry = 2013-04-22...0 Shares of its Common Stock at a Purchase Price Not Greater Than $5.00 Per Share Nor Less Than $4.00 Per Share For Not More Than $10,000,000 Cash by VICOR CORPORATION THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON APRIL 22, 2013, UNLESS THE OFFER IS EXTENDED OR WITHDRAWN (SUCH DATE, AS IT MAY BE EXTENDED, THE “EXPIRATION DATE”). Vicor Corporation, a Delaware corporation (the “Company,” “Vicor,” “we,” “our” or “us”), is offering to purchase, for not more than $10,0...
listed = True...s to tender any Common Shares in the Offer. The Offer is not conditioned upon obtaining financing or any minimum number of Common Shares being tendered. The Offer is, however, subject to a number of other terms and conditions. See Section 7. The Common Shares are listed on the NASDAQ Global Select Market (“NASDAQ”) and trade under the symbol “VICR.” On March 15, 2013, the last full trading day prior to the announcement of the intention to make the Offer, the reported closing price of the Common Shares on NASDAQ was $4.77 per Common Share. On March 20, 2013, the last full trading day prior to the announced commencement of the Offer, the re...
mechanism = DUTCH...Offer. To our knowledge, none of our affiliates intends to tender any Common Shares in the Offer. Are shares of Vicor’s Class B Common Stock eligible for tender? No. What will be the per share price for my shares accepted in the tender? Vicor is utilizing a “Modified Dutch Auction” process to determine a single price per Common Share (the “Purchase Price”), within a range of prices established by the Company, at which the Company would purchase all Common Shares properly tendered, accepted for tender, and not properly withdrawn that would enable Vicor to purchase the maximum number of Common Shares not exceeding $...
priority = True...s at the Minimum Purchase Price and holders properly tendering Common Shares pursuant to Purchase Price Tenders can reasonably expect to have such Common Shares purchased at the Purchase Price if any Common Shares are purchased under the Offer (subject to the provisions relating to “odd lot” priority, proration and conditional tender). We are not aware of any jurisdiction in which the making of the Offer is not in compliance with applicable law. If we become aware of any jurisdiction in which the making of the Offer is not in compliance with any applicable law, we will make a good faith effort to comply with the applicable law. If, a...
threshold = 100...ber of Common Shares, it is possible none of those Common Shares will be purchased. Odd Lots. The term “odd lots” means all shares properly tendered prior to the Expiration Date at prices at or below the Purchase Price and not properly withdrawn by any person who owned, beneficially or of record, a total of fewer than 100 shares and so certified in the appropriate place on the Letter of Transmittal and, if applicable, on the Notice of Guaranteed Delivery (an “Odd Lot Holder”). To qualify for this preference, an Odd Lot Holder must tender all shares owned by the Odd Lot Holder in accordance with the procedures described in Section 3. Odd lots will be accepted for...
txn_type = TENDER_OFFEREX-99.(A)(1)(A) 2 d503762dex99a1a.htm OFFER TO PURCHASE Offer to Purchase Exhibit (a)(1)(A) OFFER TO PURCHASE Up to 2,500,000 Shares of its Common Stock at a Purchase Price Not Greater Than $5.00 Per Share Nor Less Than $4.00 Per Share For Not More Than $10,000,000 Cash by VICOR CORPORATION THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON APRIL 22, 2013, UNLESS...

The filings

FiledFormRoleOn EDGAR
2013-03-21SC TO-Ioriginal (governing)View