What happens if I am a shareowner on the record date but sell my shares before the ex-split date, July 31, 2006?
If a shareowner is a holder of record on the record date (the close of business on July 7, 2006), that shareowner is entitled to receive the additional shares for the stock split. However, if this same shareowner sells his or her shares prior to the ex-split date (July 31, 2006), this seller will be transferring the entitlement of the additional shares to the buyer. The seller will receive full value for the shares sold and the buyer will receive the additional shares.
