Q. What happens if I buy or sell shares after the Record Date and before the
Split Date?
A. If you sell shares prior to the Record Date (February 18, 2005), you will be selling
them at the pre-split price. If you sell shares after the Record Date (February 18,
2005) but prior to the Split Date (February 25, 2005) you will be selling them at the
pre-split price and the shares will trade with a “due bill” (i.e., the shares you trade are
“due” an equal number of shares issuable in the stock split). When you sell your
shares, you surrender your pre-split shares and any shares due. The due bill is
transferred to the new owner of the shares.
If you buy shares after the Record Date but before the Split Date, you will purchase
the shares at the pre-split price and will receive a due bill. Following the split, you
will receive (or your brokerage account will be credited with) an equal number of
shares as a result of the stock split.
