definiens: shall mean, on any date speci - fied herein, ( i ) the average daily closing price for theten consecutive trading days before the day in question onany principal national securities exchange in the UnitedStates on which the Common Stock is traded, or ( ii ) if theCommon Stock is not traded on a principal national securi - ties exchange in the United States, the average dailyclosing price for the ten consecutive trading days beforethe day in question as reported on the Nasdaq National- 4 -Market ( NasdaqSmallCapNasdaq " ) operated byThe Nasdaq Stock Market, Inc. or the average of the meansbetween the bid and asked prices in the United Statesover - the - counter market, as reported by The National Quo - tation Bureau, Inc., or an equivalent generally acceptedreporting service, for the ten consecutive trading daysbefore the day in question . The closing price referred toin clauses ( i ) and ( ii ) above shall be the last reportedsale price or, in case no reported sale takes place onsuch day, the average of the reported closing bid andasked prices on such principal national securities ex - change or as reported on Nasdaq