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Case 16-42529 Doc 135 Filed 04/15/16 Entered 04/15/16 14:35:30 Main Document <br />Pg5of11 <br />Securities (including Options to acquire stock such as PEC's debt obligations that are convertible <br />into its common stock). <br />5. Upon receipt of such Equity Transfer Procedures Notice, any broker, bank, <br />dealer or other agent or nominee of a beneficial holder (each a "Nominee") of Equity Securities <br />(including Options to acquire stock) will be required, within five days of receipt of such notice <br />and on at least a quarterly basis thereafter, to send the Equity Transfer Procedures Notice to all <br />beneficial holders of Equity Securities on whose behalf such Nominee holds Equity Securities. <br />To the extent such beneficial holder is also a Nominee, such Nominee must, in turn, promptly <br />provide the Equity Transfer Procedures Notice to any holder for whose account such holder <br />holds Equity Securities, and so on down the chain of ownership. In addition, any person, entity, <br />broker or agent acting on behalf of any holder of Equity Securities who sells at least 833,852 <br />shares (representing approximately 4.5% of the 18,530,028 issued and outstanding shares of <br />common stock) of PEC to another person or entity must provide a copy of the Equity Transfer <br />Procedures Notice to such purchaser or any broker or agent acting on such purchaser's behalf. <br />6. Claimholders and potential purchasers of Claims against the Debtors are <br />hereby deemed notified that, if the Debtors ultimately seek and the Court approves a Sell -Down <br />Order, claimholders that acquire Claims after the date of this Interim Order (the "Record Date") <br />in an amount that would entitle them to receive more than 4.5% of the stock of the reorganized <br />Debtors may be subject to a required sell -down of any Claims acquired after the Record Date in <br />accordance with the Sell -Down Procedures. <br />Within two days after the entry of this Interim Order on the docket, <br />the Debtors shall provide notice in substantially the form attached as Exhibit B to the Motion <br />(the "Record Date Notice") to: (a) Davis Polk & Wardwell LLP, as counsel to Citibank, N.A. as <br />