3D Systems' 5.5% convertibles due 2016 are convertible this quarter

By Toni Weeks

San Diego, July 20 - 3D Systems Corp. announced in a press release that its 5.5% senior convertible notes due Dec. 15, 2016 are convertible in the quarter ending Sept. 30, 2012.

The company said that a stock price condition was recently satisfied, giving holders the right to convert the notes during the current quarter. The stock price condition was met when the closing sale price of 3D's common stock for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the fiscal quarter ended June 30 was greater than or equal to 130% of the conversion price in effect on that trading day.

Based in Rock Hill, S.C., 3D Systems is a three-dimensional modeling, prototyping and manufacturing services company.

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