In the Level 3 case in the materials, what sort of additional provisions might you have advised the holder of the warrant to obtain? In particular, what provisions beyond a direct adjustment of the amount of shares would have been useful?

Stephen Lubben Corporate Finance

A. Options, Warrants, and Convertibles pg.109 Chapter 17 p 427

1. Options pg.109 p 427 - 431

2. Warrants pg.112 p 431

Paul R. Lohnes, Plaintiff, Appellant, v. Level 3 Communications, INC., Defendant, Appellee pg.112 p 431

3. Convertibles pg.118 p 442-445

Jefferies Converts Knight Preferred, Boosting Shares Outstanding pg.119

William F. Lorenz V. CSX Corporation (Formerly Chessie Systems, INC.) p 445; The Chesapeake and Ohio Railroad; The Baltimore and Ohio Railroad Company and the Chase Manhattan Bank, N.A. pg.120

B. Derivatives pg.125 Chapter 18 p 455 - 469

1. Forwards and Futures pg.127 p 455 - 469

2. Swaps pg.128 p 493 - 500

Stephen J. Lubben, Credit Derivatives and the Future of chapter 11 pg.128 p 514-518

U.S. Company Credit-Default Swaps Decline After Bernanke Speech pg.133

3. Equity Derivatives pg.135

Stephen J. Lubben, The Bankruptcy Code Without Safe Harbors pg.135 p 500 - 501

4. Derivatives and Leverage pg.136 p 468 - 469

5. Margin and Termination pg.138 p 469 - 480

Lehman Brothers International (Europe) (In Administration), Plaintiff, v. AG Financial Products, INC., Defendant pg.139 p 471

Stephen J. Lubben, The Bankruptcy Code Without Safe Harbors pg.144 p 477 - 480