SERIES ADJUSTMENT - 2009-075
ONN INFORMATION CIRCULAR # 3125
May 22, 2009
American Commercial Lines, Inc. (ACLI)
1 for 4 Reverse Stock Split
Ex-Distribution Date: 5/26/2009
American Commercial Lines, Inc. (“ACLI”) has announced a 1-for-4 reverse stock split. As a result of
the reverse stock split, each ACLI Common Share will be converted into the right to receive .25 (New)
American Commercial Lines, Inc. Common Shares. The reverse stock split will be effective prior to
the open of business on May 26, 2009.
Pursuant to the by-laws of The Options Clearing Corporation ("OCC"), all American Commercial Lines, Inc. options
will be adjusted as follows:
Effective with exercises of Tuesday, May 26, 2009 and thereafter.
ISE Underlying Symbol(s):
ACLI becomes KCK
ISE Commodity Code:
KCK - 1429
ACLID - 1430
OPRA Option Symbol(s):
QAK becomes KCK
No. Of Contracts :
100 (e.g. Premium of 1.00 = $100)
25 New American Commercial Lines, Inc. (ACLID) Common Shares
GTC Order Cancellation:
On Friday, May 22, 2009, immediately after the ISE close, all resting orders in the ACLI order book
will be cancelled.
Unadjusted New Shares:
New QAK series with a contract unit of 100 shares will be introduced on Wednesday, May 27, 2009.
Strike prices and expiration months will be announced on a separate release.
Adjusted Exercise Prices:
Effective with the opening of business on Tuesday, May 26, 2009, trading in ACLI series will be on an
adjusted basis. The strike price adjustments below are expected based on the current outstanding series.
Any additional ACLI series added prior to the effective date will also be adjusted in the manner outlined below.
American Commercial Lines, Inc.(ACLI/QAK)
American Commercial Lines, Inc.(KCK)
100 shrs ACLI
See New Deliverable Above