GUC UPDATE - FEB 2014
February 7 2104 is the Day 60 mandatory conversion period for American Airlines Group preferred shares (NASDAQ: AALCP) issued to eligible American Eagle Airlines/Envoy employees. During this period, approximately 25 percent of the preferred shares issued on Dec. 9 as a part of the initial equity distribution will automatically convert to common shares (NASDAQ: AAL).
No action is required for eligible employees today or during the next two mandatory conversion periods. Your converted common shares will appear in your Computershare account within five business days from today, and may be accessed by logging onto retireonline.com.
As a reminder, additional mandatory conversion periods will occur at approximately 90 and 120 days after the merger closed. This means that on Day 120, 100 percent of the preferred shares issued to eligible Envoy employees will have converted to common shares.
Additionally, for those who would like to elect to optionally convert their remaining preferred shares, the next optional conversion window will begin on Thursday, Feb. 13. The Computershare Optional Conversion Election website will be available at 12:01 a.m. EST on Feb. 13.
To learn more about this equity distribution, visit the Equity Hub on new Jetnet that includes general information and frequently asked questions, and information on what you can do with your shares, among other helpful information
Also, the 3rd Optional conversion window will start on Feb 13th. Computershare’s Optional Conversion Election website will be available starting 12:01 am EST, Feb 13, and can be accessed through this link www.corp-action.net/AAGPreferredConversionProgram).