puttable common stock

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 ?
Dreyer's has ended its put period--when shareholders of Dreyer's Class A Callable Puttable Common Stock could sell up at purchase price.
Examples are convertible bonds and puttable common stock.
Dreyer's") (NNM:DRYR) announced today that, as a result of the exercise of a put right (the "Put Right") by certain holders of Dreyer's Class A Callable Puttable Common Stock (the "Class A Shares.
Holders of Class A Callable Puttable Common Stock will be permitted to sell some or all of their shares to Dreyer's Holdings for $83.
Dreyer's") (NNM:DRYR) announced today that the period during which holders of shares of Dreyer's Class A Callable Puttable Common Stock (the "Class A Shares time on January 13, 2006 (the "Expiration Time").
Nasdaq: SHCID) today announced it will be redeeming its callable puttable common stock.
and its affiliates (collectively, Nestle) have filed revised preliminary materials with the Securities and Exchange Commission ("SEC") concerning the provisions set forth in Dreyer's amended and restated certificate of incorporation (the "Restated Certificate") under which holders of Dreyer's Class A Callable Puttable Common Stock (the "Class A Shares federal securities laws, as permitted under these circumstances by the Restated Certificate.
Accounts payable $ 1,484 $ 1,335 Accured expenses 5,784 2,759 Deferred revenues 3,346 2,358 Line of credit 211 Note payable 557 TOTAL CURRENT LIABILITIES 11,382 6,452 REDEEMABLE PREFERRED STOCK PUTTABLE COMMON STOCK 2,337 4,675
Accounts payable $ 1,587 $ 1,335 Accured expenses 5,456 2,759 Deferred revenues 3,526 2,358 Line of credit 589 Note payable 557 TOTAL CURRENT LIABILITIES 11,715 6,452 REDEEMABLE PREFERRED STOCK PUTTABLE COMMON STOCK 4,675 4,675
Accounts payable 1,335 886 Note payable 3,325 Deferred revenues 2,358 1,662 Accrued liabilities 2,759 1,446 Total current liabilities 6,452 7,319 Redeemable preferred stock 2,943 Puttable common stock 4,675
The remaining common stock is represented by the newly issued callable puttable common stock issued in the merger to existing SHCI shareholders.
If the Merger is completed, each stockholder (other than Nestle and its affiliates) who holds shares of the company's Common Stock at the effective date of the Merger will receive one share of Class A Callable Puttable Common Stock of New Dreyer's for each share of the company's Common Stock.