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This excerpt taken from the C DEF 14A filed Mar 20, 2009. Does
any single stockholder control as much as 5% of any class of
Citi’s voting stock?
Yes, according to a Schedule 13 G Information Statement
filed by State Street Bank and Trust Company on
February 17, 2009, State Street may be deemed to
beneficially own 6.2% of Citi’s common stock. State Street,
the custodian for Citi’s 401(k) Plan, disclaimed beneficial
ownership of all such shares in the Information Statement.
In 2008 and 2009, Citi issued to the U.S. Treasury warrants
to purchase 465,117,176 shares of common stock, of which
warrants to purchase 360,075,159 shares of common stock are
exercisable within 60 days. The exercise prices for the
warrants are $10.61 and $17.85. The warrants exercisable within
60 days represent approximately 6.2% of Citi’s voting
stock. However, none of the warrants have been exercised and the
exercise prices are above Citi’s closing price on March 6
of $1.03. See Citi’s Annual Report on
Form 10-K
filed on February 27, 2009 for additional information.
For further information, see “Stock Ownership—Owners
of More than 5% of Our Common Stock” in this proxy
statement.
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