Enron Mail

From:clint.freeland@enron.com
To:sara.shackleton@enron.com
Subject:revision of price trigger and share cap
Cc:tim.despain@enron.com, jeff.nogid@enron.com
Bcc:tim.despain@enron.com, jeff.nogid@enron.com
Date:Mon, 19 Mar 2001 06:07:00 -0800 (PST)

FYI. This should also have the effect of reducing the trigger on the UBS
forward back down to $50. If anyone would like to talk about this further,
let me know.
CF

----- Forwarded by Clint Freeland/Corp/Enron on 03/19/2001 02:05 PM -----

"Hackmann, Russell" <rhackman@lehman.com<
03/19/2001 01:47 PM

To: "Clinton Freeland (E-mail)" <clint.freeland@enron.com<
cc: "Cipriano, Paul" <pciprian@lehman.com<, "Fleming, Matthew"
<mfleming@lehman.com<
Subject: revision of price trigger and share cap

Clint,

As discussed, effective immediately we are revising the price trigger on the
forward tranche of 1,388,100 shares from $55 to 50. In return, the share
cap is being revised from 4,164,300 to 4,858,350.

We will send out amendments to document this change shortly.

Thank you,

Russell F. Hackmann, CFA
Corporate Equity Derivatives
Lehman Brothers Inc.
(212) 526-8398
(212) 526-2755 (fax)
rhackman@lehman.com

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This message is intended only for the personal and confidential use of the
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distribution or copying of this message is strictly prohibited. This
communication is for information purposes only and should not be regarded as
an offer to sell or as a solicitation of an offer to buy any financial
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be secure or error-free. Therefore, we do not represent that this
information is complete or accurate and it should not be relied upon as
such. All information is subject to change without notice.