Albertsons issues 33.9M shares to HPS on preferred conversion; lock-up agreements expire

Albertsons Companies, Inc.

HPS converted 584,000 shares of Preferred Stock into 33,909,373 shares of Common Stock at 58.064 per share.
After conversion, HPS no longer holds any Preferred Stock; only 50,000 shares of Preferred Stock remain outstanding.
Lock-up agreements with five largest stockholders and HPS expired automatically due to HPS no longer owning Preferred Stock.
Lock-up expiration removes restrictions on sale of shares by sponsors and HPS, potentially increasing share supply.

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