Average Common Price definition
Average Common Price shall equal the greater of: (x) the average of the daily means between the low trading price of the common stock, par value $0.10, of ACTV (the "Common Stock") and the closing price of the Common Stock during the three trading days prior to the relevant Purchase Date or (y) the weighted-average (based upon the number of shares sold) of the actual selling prices at which the Investor shall have sold Common Stock on the relevant Purchase Date. In the event that during any period of consecutive trading days provided for above, ACTV shall declare or pay any dividend on the Common Stock payable in Common Stock or in rights to acquire Common Stock, or shall effect a stock split or reverse stock split, then the Average Common Price shall be proportionately increased (in case of a combination) or decreased (in all other cases) to give effect to such event.