exercise notice

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 ?
In order to receive shares upon exercise of warrants at the end of March, an Exercise Notice must be received by the Company by March 21, 2014.
A form of repurchase exercise notice has been sent to holders as an attachment to the repurchase notice.
Company of an exercise notice at any time during the three years from 14
In order to receive shares upon exercise of warrants at the end of January, an exercise notice must be received by the Company by January 24, 2014.
by the Warrant holder to the Company of an exercise notice not less than
In order to receive shares upon exercise of warrants at the end of November, an exercise notice must be received by the Company by November 25, 2013.
Holders of publicly traded warrants who wish to exercise their warrants will receive freely tradable shares of common stock upon presentation of a properly completed exercise notice and full payment for exercise.
within 7 days from receipt of such duly provided exercise notice.
In addition to being good for your health, research shows that people who exercise notice improvements in their mood and self confidence.
If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) the Certificates issued by the Trust will not be redeemed and will continue to accrue distributions as if no exercise notice had been given and (ii) the Warrantholder may elect to deliver a partial or full conditional notice of exercise in the future.
Neither the Trustee, the Depositor, nor the Warrant Agent shall be responsible for the selection or use of this CUSIP number, nor is any representation made to its correctness on the Securities or as indicated in any exercise notice.
In order to receive shares upon exercise of warrants at the end of June, an Exercise Notice must be received by the Company by June 20, 2014.