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This excerpt taken from the SIRI DEF 14A filed Apr 30, 2009. Effect on
Certificated Shares
Stockholders holding shares of our common stock in certificate
form will be sent a transmittal letter by the transfer agent
after the Effective Time. The letter of transmittal will contain
instructions on how a stockholder should surrender his or her
certificate(s) representing shares of our common stock
(“Old
Table of Contents
Certificates”) to the transfer agent in exchange for
certificates representing the appropriate number of whole shares
of post-reverse stock split common stock (“New
Certificates”). No New Certificates will be issued to a
stockholder until such stockholder has surrendered all Old
Certificates, together with a properly completed and executed
letter of transmittal, to the transfer agent. No stockholder
will be required to pay a transfer or other fee to exchange his,
her or its Old Certificates.
Stockholders will then receive a New Certificate(s) representing
the number of whole shares of common stock which they are
entitled as a result of the reverse stock split. Until
surrendered, we will deem outstanding Old Certificates held by
stockholders to be cancelled and only to represent the number of
whole shares of post-reverse stock split common stock to which
these stockholders are entitled.
Any Old Certificates submitted for exchange, whether because of
a sale, transfer or other disposition of stock, will
automatically be exchanged for new certificates. If an Old
Certificate has a restrictive legend on the back of the Old
Certificate(s), the New Certificate will be issued with the same
restrictive legends that are on the back of the Old
Certificate(s).
If a stockholder is entitled to a payment in lieu of any
fractional share interest, such payment will be made as
described above under “Fractional Shares”.
Stockholders should not destroy any stock certificate(s) and
should not submit any stock certificate(s) until requested to do
so.
This excerpt taken from the SIRI DEF 14A filed Nov 4, 2008. Effect on
Certificated Shares
Stockholders holding shares of our common stock in certificate
form will be sent a transmittal letter by the transfer agent
after the Effective Time. The letter of transmittal will contain
instructions on how a stockholder should surrender his or her
certificate(s) representing shares of our common stock
(“Old Certificates”) to the transfer agent in exchange
for certificates representing the appropriate number of whole
shares of post-reverse stock split common stock (“New
Certificates”). No New Certificates will be issued to a
stockholder until such stockholder has surrendered all Old
Certificates, together with a properly completed and executed
letter of transmittal, to the transfer agent. No stockholder
will be required to pay a transfer or other fee to exchange his,
her or its Old Certificates.
Stockholders will then receive a New Certificate(s) representing
the number of whole shares of common stock which they are
entitled as a result of the reverse stock split. Until
surrendered, we will deem outstanding Old Certificates held by
stockholders to be cancelled and only to represent the number of
whole shares of post-reverse stock split common stock to which
these stockholders are entitled.
Any Old Certificates submitted for exchange, whether because of
a sale, transfer or other disposition of stock, will
automatically be exchanged for new certificates. If an Old
Certificate has a restrictive legend on the back of the Old
Certificate(s), the New Certificate will be issued with the same
restrictive legends that are on the back of the Old
Certificate(s).
If a stockholder is entitled to a payment in lieu of any
fractional share interest, such payment will be made as
described above under “Fractional Shares”.
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