3D Systems Corporation (NYSE:DDD) announced today that its Board of Directors has declared a three-for-two split of the company's common stock in the nature of a 50% stock dividend. On February 22, 2013, each stockholder of record at the close of business on February 15, 2013 will receive one additional share for every two shares held on the record date. In lieu of fractional shares, shareholders will receive a cash payment based on the closing market price of DDD stock on the record date. Trading is expected to begin on a split-adjusted basis on February 25, 2013.I bought shares of DDD on Friday 02/15/13 date of record expecting to receive the additional shares based on the 3/2 stock split.Someone commented that it takes 3 days to clear, before a sale/purchase is considered holder of record and that I would have had to buy on Wednesday 02/12/2012 to reap the benefits of split.Did I buy the shares too late to be eligible to receive the 3/2 split shares and if so will the price of my shares drop down by a third when the 3/2 shares split takes place on February 25, 2012 even though I don't get the extra shares?Can someone please advise.
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