L-3 Communications (NYSE: LLL) released the following financial statement:
The firm “has adjusted the conversion rate for its 3 percent convertible contingent debt securities due 2035 (CUSIP numbers: 502413AW7 and 502424AE4; ISIN numbers: US502413AW73 and US502424AE49) in connection with the regular quarterly dividends of $0.40 per share of the company’s common stock paid on each of Sept. 15, 2010 and Dec. 15, 2010 and the regular quarterly dividend of $0.45 per share of the company’s common stock expected to be paid on March 15, 2011.
“The new conversion rate is 10.2263 shares of common stock of the company per $1, 000 principal amount of the securities, effective for conversions on or after March 1, 2011.
“Notices of the conversion rate adjustment have been delivered to holders of the securities in accordance with the terms of the indenture governing the securities.”
