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URL:  http://boards.fool.com/nrdc-ends-up-with-far-fewer-shares-from-the-30526718.aspx

Subject:  Re: ROIC Warrants exercised Date:  2/5/2013  7:52 PM
Author:  CM001 Number:  73607 of 83064

NRDC ends up with far fewer shares from the exercise but also isn't out the $96 million it normally would have cost them. Conversely though, ROIC doesn't get the $96 million in cash to spend on new shopping centers.

Please note, NRDC warrants are cashless warrants. The other 40 million outstanding do not have that provision.
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