SRL for [exchange]: Heritage , which owns 51 % of POP 's 3.6 million shares outstanding , said it will [exchange] one share of a new preferred stock for each POP common share it does n't already own .
ARG-0: it | ARG-M-MOD: will | ARG-1: one share of a new preferred stock | ARG-3: for each POP common share it does n't already own