puttable common stock

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Puttable Common Stock

Common stock in a publicly-traded company that an investor may sell back to the issuing company at a certain price. This price is determined when the stock is issued. Generally, the price is relatively low in order to discourage abuse of the option, but it protects the investor from the risk that the share price will collapse.

puttable common stock

The shares of common stock that are sold with rights to put the shares back to the issuer at a specified price. Compare callable common stock.
References in periodicals archive ?
16,109 16,110 Junior Subordinated Notes 3,461 3,440 Long-Term Debt 55,847 809 Putable common stock - 1,203 Redeemable preferred stock - 250 Total Long-Term Liabilities 78,075 24,470 Shareholders' Equity Paid-in capital - warrants, $10 per common share exercise price, 90,000 warrants outstanding 121 121 Common Stock, $.
Upon receiving the official call notice from Roche, Genentech will redeem its shares of Callable Putable Common Stock.