Can someone explain what item (2) below actually means?? In case your wondering this is from CRM January 500M offering. Prior to October 15, 2014, the Notes will be convertible only under the following circumstances (1) during any fiscal quarter commencing after April 30, 2010, if, for at least 20 trading days (whether or not consecutive) during the 30 consecutive trading day period ending on the last trading day of the immediately preceding fiscal quarter, the last reported sale price of the Companyâs common stock on such trading day is greater than or equal to 130% of the applicable conversion price on such trading day; (2) during the five consecutive business day period after any ten consecutive trading day period in which, for each day of that period, the trading price per $1,000 principal amount of Notes for such trading day was less than 98% of the product of the last reported sale price of our common stock and the applicable conversion rate on such trading day; or (3) upon the occurrence of specified corporate transactions. On and after October 15, 2014 until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or a portion of their Notes at any time, regardless of the foregoing circumstances. Upon conversion, the Notes will be settled in cash and shares of the Companyâs common stock (subject to its right to pay cash in lieu of all or any portion of such shares).