Synaptics Inc. (NASDAQ: SYNA) reported that its 0.75% convertible senior subordinated notes due 2024 are convertible during the first calendar quarter of 2014.
As of December 31, 2013, the sale price of Synaptics´ common stock exceeded the conversion trigger price per share as set forth in the indenture for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of such calendar quarter.
Such right to convert based on the sale price of Synaptics´ common stock may be extended, extinguished or reinstated in subsequent calendar quarters depending on the sale price of Synaptics´ common stock during the 30 consecutive trading days ending on the last trading day of the preceding calendar quarter.
As a leading developer of human interface solutions which enhance the user experience, Synaptics provides the broadest solutions portfolio in the industry. The company´s website is at www.synaptics.com.