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 ?
Also, these new shares give rights to dividend and other rights from the time of the warrant holder's exercise notice.
In addition to being good for your health, research shows that people who exercise notice improvements in their mood and self confidence.
An assignment is the receipt of an exercise notice against a seller that provides an obligation to sell the underlying security at the specified strike price.
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.
Beowulf, the mineral exploration and development company, focused on the Kallak magnetite iron ore project and the Atvidaberg polymetallic exploration licence in Sweden, and its graphite portfolio in Finland, announces that it has received an exercise notice from Bevan Metcalf (Non-Executive Chairman), a person discharging managerial responsibilities (PDMR), over 8,500,000 new ordinary shares of 1p per share in the Company (the Option Shares).
A recent amendment to Federal Reserve regulations allows a broker to temporarily finance the exercise of a stock option using a signed exercise notice as collateral.
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.
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.
A form of repurchase exercise notice has been sent to holders as an attachment to the repurchase notice.
In order to receive shares upon exercise of warrants at the end of February, an Exercise Notice must be received by the Company by February 21, 2014.
Also, the new shares give rights to dividend and other rights from the time of the warrant holder's exercise notice.
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.