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This excerpt taken from the WBMD 8-K filed Nov 21, 2006. Conversion
Each share of preferred stock shall be convertible, at the
option of the holder, at any time after the date of issuance,
into such number of fully paid and nonassessable shares of
common stock as follows: the Class A shares are convertible
into 6,378,907 shares of common stock; the Class B1
and B3 shares are convertible into shares of common stock
on a
1-for-1.1
basis (originally
1-for-1
basis, however, retroactively adjusted to
1-for-1.1 in
the event that on or prior to April 20, 2001, the Company
has not consummated its initial public offering at a price per
share greater than $15.00); and the Class B2, B4 and C
shares are convertible into shares of common stock on a
one-for-one
basis.
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