Ford Warrants to Expire Jan. 1, 2013
DEARBORN, Mich., Dec. 14, 2012
DEARBORN, Mich., Dec. 14, 2012 /PRNewswire/ --
oFord's outstanding warrants to purchase common stock will expire on Jan.
oBecause Jan. 1, 2013 is not a trading day, holders who wish to exercise
their warrants must do so prior to the close of business on Dec. 31, 2012
oThe New York Stock Exchange (NYSE) has notified Ford that trading in the
warrants will be suspended after the close of business on Dec. 24, 2012
Ford Motor Company (NYSE: F) is reminding holders of its warrants to purchase
Ford common stock (NYSE: F WS) (CUSIP Number 345370 134) ("Warrants") that the
Warrants will expire on Jan. 1, 2013 (the "Expiration Date"). The Warrants
were issued on Dec. 11, 2009 and about 357,735,365 Warrants remain
Each Warrant represents the right to purchase 1.0212 shares of Ford common
stock, $0.01 par value per share, at an exercise price of $9.01 per share. The
Warrants do not automatically exercise upon expiration. Any Warrant not
exercised prior to the Expiration Date will expire unexercised and worthless
and the holder thereof will not receive any shares of Ford common stock for
such unexercised Warrants.
Because the Expiration Date of Jan. 1, 2013 is not a trading day on the New
York Stock Exchange, holders will need to contact their broker or the
Depository Trust Company (DTC) and have it exercise their Warrants on their
behalf no later than Dec. 31, 2012. Because the Warrants are in Global Form,
they will not be exercisable after DTC's cutoff time for such exercises on
Dec. 31, 2012. Holders who hold Warrants through DTC participants should
contact their broker in advance as brokers may have earlier cut-off times.
NYSE Trading Suspension
The NYSE has notified Ford that trading in the Warrants on the NYSE will be
suspended after the close of business Dec. 24, 2012 to ensure all trades in
the Warrants settle in time to allow the purchasers of such Warrants to
exercise the Warrants on or before Dec. 31, 2012.
Exercise and Settlement
Net share settlement is the only settlement option for Warrant exercises. This
means that an exercising Warrant holder will receive for each Warrant a number
of shares of Ford common stock equal in value to the difference between the
exercise price and the last reported sales price of Ford common stock on the
exercise date multiplied by 1.0212, together with cash in lieu of any
fractional shares of Ford common stock.
A holder can obtain further information on exercising Warrants by contacting
his or her broker or Computershare Trust Company N.A., the Company's transfer
agent and warrant agent. Brokers are encouraged to contact DTC in advance of
the Expiration Date to confirm the procedures for exercising Warrants.
About Ford Motor Company
Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles across six continents. With
about 172,000 employees and 65 plants worldwide, the company's automotive
brands include Ford and Lincoln. The company provides financial services
through Ford Motor Credit Company. For more information regarding the company
and Ford products, please visit www.corporate.ford.com.
Follow at www.facebook.com/ford, http://www.twitter.com/ford or
SOURCE Ford Motor Company
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