Iconix Brand Group Inc entered into an agreement to acquire Mossimo, Inc. on March 31, 2006, in a transaction valued at approximately $120.56 million, based on the closing price of Iconix on March 31, 2006. Each Mossimo share will receive $4.25 in cash, 0.2271 Iconix shares, and 0.2771 non-transferable contingent value rights (CVRs). Each CVR entitles its holder to receive additional shares of Iconix common stock after the first anniversary of the merger if Iconix common stock does not close at or above $18.71 for at least 20 consecutive trading days during the year following the merger. Specifically, the number of shares to be received would be calculated as the difference between (a) $18.71 and (b) the highest twenty consecutive trading days average closing price, divided by (b). For example, if the highest twenty consecutive trading days average closing price is $14.56, then each CVR will receive (18.71-14.56) / 14.56 = 0.2850 additional shares of Iconix.

Suppose you were a shareholder of Mossimo and that you owned 1000 shares before the merger. Suppose furthermore that the highest twenty consecutive trading days average closing price of Iconix during the year following the merger is $12.34. How many additional (whole) shares of Iconix will you receive?