AIG 2012 Annual Report Download - page 346

.....................................................................................................................................................................................
23. OWNERSHIP
..............................................................................................................................................................................................
Through registered public offerings, the Department of the Treasury disposed of all of its ownership of AIG Common
Stock during 2012 and 2011. The Department of the Treasury still owns two series of warrants (the Series D Warrant
and Series F Warrant, respectively). The Series D Warrant provides for the purchase of 2,689,938 shares of AIG
Common Stock at $50 per share. The Series F Warrant provides for the purchase of 150 shares of AIG Common
Stock at $0.00002 per share. Both series of warrants have a 10-year term and are exercisable at any time, in whole
or in part. For discussion of the Recapitalization, see Note 25 herein.
A Schedule 13G/A filed February 14, 2013 reports aggregate ownership of 110,209,093 shares, or approximately
7.3 percent (based on the AIG Common Stock outstanding, as adjusted to reflect the warrants owned), of AIG
Common Stock and warrants (85,862,294 shares plus 24,346,799 warrants) as of December 31, 2012, including
securities beneficially owned by The Fairholme Fund and other funds and investment vehicles managed by Fairholme
Capital Management and securities owned by Mr. Bruce Berkowitz personally. The calculation of ownership interest
for purposes of the AIG Tax Asset Protection Plan and Article 13 of our Restated Certificate of Incorporation is
different than beneficial ownership for Schedule 13G.
..................................................................................................................................................................................................................................
AIG 2012 Form 10-K 329
ITEM 8 / NOTE 23. OWNERSHIP