adjusted the manitowoc company, inc. - The Options Clearing

adjusted the manitowoc company, inc. - The Options Clearing

#42184 DATE: NOVEMBER 17, 2017 SUBJECT: ADJUSTED THE MANITOWOC COMPANY, INC. – FURTHER ADJUSTMENT ADJUSTED OPTION SYMBOL: MTW1 DATE: 11/20/17 Adj...

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#42184

DATE:

NOVEMBER 17, 2017

SUBJECT:

ADJUSTED THE MANITOWOC COMPANY, INC. – FURTHER ADJUSTMENT ADJUSTED OPTION SYMBOL: MTW1 DATE: 11/20/17

Adjusted The Manitowoc Company, Inc. (MTW1) options were adjusted on March 4, 2016 (See OCC Information Memo #38446). The new deliverable became 1) 100 The Manitowoc Company, Inc. (MTW) Common Shares, and 2) 100 Welbilt, Inc. (WBT) Common Shares (formerly Manitowoc Foodservice, Inc. (MFS)). The Manitowoc Company, Inc. (MTW) has announced a 1-for-4 reverse stock split. As a result of the reverse stock split, each MTW Common Share will be converted into the right to receive 0.25 (New) The Manitowoc Company, Inc. Common Shares. The reverse stock split will become effective before the market open on November 20, 2017. Adjusted MTW1 options will be further adjusted to reflect the reverse split as described below. CONTRACT ADJUSTMENT Effective Date:

November 20, 2017

Option Symbol:

MTW1 remains MTW1

Contract Multiplier:

1

Strike Divisor:

1

New Multiplier:

100 (e.g., for premium or strike dollar extensions 1.00 will equal $100)

New Deliverable Per Contract:

CUSIP:

1) 25 The Manitowoc Company, Inc. (MTW) Common Shares 2) 100 Welbilt, Inc. (WBT) Common Shares

MTW (New): 563571405 WBT: 949090104

PRICING The underlying price for MTW1 will be determined as follows: MTW1 = 0.25 (MTW) + WBT

DISCLAIMER This Information Memo provides an unofficial summary of the terms of corporate events affecting listed options or futures prepared for the convenience of market participants. OCC accepts no responsibility for the accuracy or completeness of the summary, particularly for information which may be relevant to investment decisions. Option or futures investors should independently ascertain and evaluate all information concerning this corporate event(s). The determination to adjust options and the nature of any adjustment is made by a panel of The OCC Securities Committee pursuant to OCC By-Laws, Article VI, Sections 11 and 11A. The adjustment panel is comprised of representatives from OCC and each exchange which trades the affected option. The determination to adjust futures and the nature of any adjustment is made by OCC pursuant to OCC ByLaws, Article XII, Sections 3, 25, or 25A, as applicable. For both options and futures, each adjustment decision is made on a case by case basis. Adjustment decisions are based on information available at the time and are subject to change as additional information becomes available or if there are material changes to the terms of the corporate event(s) occasioning the adjustment. ALL CLEARING MEMBERS ARE REQUESTED TO IMMEDIATELY ADVISE ALL BRANCH OFFICES AND CORRESPONDENTS ON THE ABOVE. For questions regarding this memo, call Investor Services at 1-888-678-4667 or email [email protected] Clearing Members may contact Member Services at 1-800-544-6091 or, within Canada, at 1-800-424-7320, or email [email protected]