exercise notice

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Exercise notice

A broker's notification from a client who wants to exercise a right to buy or sell (depending on the type of contract) the underlying security of the option contract.

Exercise Notice

The written notice of the holder of an option contract of his/her intent to exercise the option. Exercise notice may occur on or before the expiration date, depending on the type of option contract. The exercise notice is sent to the Options Clearing Corporation, which is responsible for settling the transaction by finding an investor with an opposite position on the same contract.

exercise notice

A notice sent by an option holder to the Options Clearing Corporation, calling for fulfillment of the option's terms. The OCC will then assign fulfillment to someone short the same option.
References in periodicals archive ?
During the restricted exercise period, Stereotaxis received exercise notices for 35,791,927 warrants.
Asetek A/S (Oslo:ASETEK) announced on Monday the receipt of exercise notices from warrant holders aggregating 11,323 warrants, with each warrant giving a right to subscribe for one share of nominally DKK0.
This increase will now be registered and the newly issued shares will be divided between the warrant holders having issued an exercise notice for a total of 11,323 shares at a subscription price of NOK166,514.
The Company has received exercise notices from bondholders for the issuance of a total of 3,463,290 shares in the Company.
The Company has received exercise notices from warrant holders for the issuance of a total of 124,763 shares in the Company.