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Listing Alert

MIAX Options

December 30, 2016 | 01:36 PM

MIAX Corporate Action Alert: Gramercy Property Trust (GPT)

Gramercy Property Trust (GPT) has announced a 1-for-3 reverse stock split.  The reverse stock split will become effective on Tuesday, January 3, 2017.  On that date, the current GPT options class will change to GPT1.  The MIAX Options Exchange will not list GPT1 options.  Therefore, no options on GPT will be available for trading on the MIAX Options Exchange on Tuesday, January 3, 2017.  The new GPT option series will resume trading on the MIAX Options Exchange on Wednesday, January 4, 2017.

All GTC orders resting on the MIAX order book in GPT will be canceled at the close of business on Friday, December 30, 2016.

Additional details about the Gramercy Property Trust (GPT) reverse stock split are provided in the attached OCC Memo.

Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.