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2 DK - Split by Application Type: Architectural 114
The inability to identify individual split gifts for purposes of electing out of the deemed-GST-exemption allocation was compounded when the deemed-allocation rules were extended to lifetime indirect-skip transfers.
While some academics call a stock split a non-event, Roger Perry, CEO of Rightline.
declared a five-for-four stock split in the fourth quarter last year, the stock dividend increased by just 25%.
In all but one case, plans to split area codes have had to be revised because of public protest, she said.
Written comment on the split can be submitted through Friday.
100 to 1,500 shares: Shareholders holding pre-split lots of 100 to 1,500 shares as of May 31, 2006, the record date, would all receive 100 shares after the reverse split.
Both spouses must consent to split the gifts; consent is signified only by filing and signing Form 709, U.
The reverse stock split will become effective at 1:05 p.
The number of shares of issued and outstanding common stock of the Company before the Reverse Split was 11,025,485, and after the Reverse Split will be approximately 2,756,364.
The Company also announced that its Board of Directors had authorized a one-for-seven reverse split of its common stock, which was approved by the Company's shareholders at the 2006 Annual Meeting of Shareholders on May 19, 2006.
A total of 5,570,106 votes were voted in favor of the reverse stock split proposal, 41,204 votes against the reverse stock split proposal and 28,165 votes abstained.
If a married couple consents to split its gifts with third parties during a calendar year, all of these gifts are treated as having been made one-half by each spouse.
PTC (Nasdaq: PMTC), the Product Development Company(TM), today announced that it had effected the two-for-five reverse split of its common stock.