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Background

You report holdings and transactions in the same manner as you would report other similar securities transactions. For debt instruments, the value of securities reported must be the aggregate nominal value (i.e. dollar amount).

Filing Process for Convertible Debt

You report a convertible debenture, or any other convertible debt instrument, as a separate class of security in the same manner as you would report other securities holdings and transactions.

You report a conversion of debt as two separate transactions -- disposal of the convertible debt and acquisition of the underlying security (for example, common shares). The value of debt securities disposed will be the aggregate nominal value converted. The number of common shares acquired will depend on the conversion formula.

Key Exceptions:

Security Designation: debt security designation (i.e., convertible debentures, etc.)

Date of transaction: Indicate the date that the debt was converted

Nature of transaction: Conversion or exchange - code 36, for both the disposal of the debt and the acquisition of the underlying security.

Instructions to File an Insider Report

Instructions to file an insider report for debt instruments are similar to filing a common share transaction with the exceptions noted above:

See File an Insider Report for Common Shares