I beg to differ. IF IDCC trades above $94.08 for 20 (17 since we closed above 94.08 3 times already) out of the next 30 trading days (this quarter), based on below, conversion can occur.
Article 10
.....Holders shall have the right to convert any portion of the principal amount of any Notes that is an integral multiple of $1,000 only under the following circumstances:
(1) Conversion Based on Common Stock Price. On any date during any calendar quarter (and only during such calendar quarter) beginning after March 31, 2015, if the Closing Sale Price for the Common Stock was more than 130% of the applicable Conversion Price on each applicable Trading Day for at least 20 Trading Days (whether or not consecutive) in the period of the 30 consecutive Trading Days ending on the last Trading Day of the immediately preceding previous calendar quarter;
~$72.37 conversion price per share x 130% = $94.08
https://www.sec.gov/Archives/edgar/data/1405495/000119312515087314/d888367d8k.htm