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40 TOSHIBA Annual Report 2012
Toshiba Corporation and Subsidiaries
March 31, 2012
Notes to Consolidated Financial Statements
12. ISSUANCE OF CONVERTIBLE BOND
In July, 2004, the Company issued ¥100,000 million Zero Coupon Convertible Bonds due 2011 (the“2011 Bonds”).
The bonds include stock acquisition rights which entitle bondholders to acquire common stock under certain
circumstances, and are exercisable on and after August 4, 2004 up to, and including, July 7, 2011.
The exercisable period of the stock acquisition rights ended, and the principal amount of the 2011 Bonds was redeemed
at maturity.
(The 2011 Bonds' conditions allowing exercise of stock acquisition rights)
The period prior to (but not including) July 21, 2010
In the case that as of the last trading day of any calendar quarter, the closing price of
the shares for any 20 trading days in a period of 30 consecutive trading days ending on
the last trading day of such quarter is more than 120% of the conversion price in
effect on each such trading day.
The period on or after July 21, 2010 At any time after the closing price of the shares on at least one trading day is more
than 120% of the conversion price in effect on each such trading day.
The 2011 Bonds were not converted into shares of common stock for the years ended March 31, 2012 and 2011.
The additional 175,295,212 shares relating to the potential conversion of the 2011 Bonds are included in the calculation of
the diluted net income per share attributable to shareholders of the Company for the years ended March 31, 2012 and
2011.