She declared Taubman successful in defending its 1998 Series
B share issuance and its board's rejection of the Simon / Westfield takeover bid.
Not exact matches
Furthermore, investors purchasing
shares of our Class A common stock in this offering will only own approximately % of our outstanding
shares of Class A and Class
B common stock (and have % of the combined voting power of the outstanding
shares of our Class A and Class
B common stock), after the offering even though their aggregate investment will represent % of the total consideration received by us in connection with all initial sales of
shares of our capital stock outstanding as of September 30, 2010, after giving effect to the
issuance of
shares of our Class A common stock in this offering and
shares of our Class A common stock to be sold by certain selling stockholders.
on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding
shares of convertible preferred stock other than Series FP preferred stock into
shares of Class
B common stock and the conversion of Series FP preferred stock into
shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per
share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue
shares of Class A common stock and Class
B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net
issuance of 7.6 million
shares of Class A common stock and 5.5 million
shares of Class
B common stock that will vest and be issued from the settlement of such RSUs, (v) the
issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
5,897,398
shares of Class
B common stock reserved for future
issuance under our 2007 Plan as of March 31, 2015 (which reserve does not reflect the options to purchase
shares of Class
B common stock granted after March 31, 2015); and
The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding
shares of convertible preferred stock other than Series FP preferred stock into
shares of Class
B common stock and the conversion of Series FP preferred stock into
shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per
share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue
shares of Class A common stock and Class
B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net
issuance of 7.6 million
shares of Class A common stock and 5.5 million
shares of Class
B common stock that will vest and be issued from the settlement of such RSUs, (v) the
issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.
Notwithstanding the foregoing and, subject to adjustment as provided in Section 15 of the Plan, the maximum number of
Shares that may be issued upon the exercise of Incentive Stock Options will equal the aggregate
Share number stated in subsection 3 (a), plus, to the extent allowable under Code Section 422 and the Treasury Regulations promulgated thereunder, any
Shares that become available for
issuance under the Plan pursuant to subsection 3 (
b).
In addition, as of March 31, 2015, we had options outstanding that, if fully exercised, would result in the
issuance of 31,619,974
shares of Class
B common stock.
The Series A, Series A-1, Series
B, Series C, Series D, Series E, and Series F convert to Class
B common stock at the then effective conversion rate subject to adjustment in the event of stock - splits, stock dividends, and certain anti-dilutive
issuances of
shares of our common stock.
5,897,398
shares of Class
B common stock reserved for future
issuance under our Amended and Restated 2007 Stock Plan, as amended, or 2007 Plan, as of March 31, 2015 (which reserve does not reflect the options to purchase
shares of Class
B common stock granted after March 31, 2015); and
This is probably the correct strategy — but unfortunately the current P /
B & serial
share issuance / dilution to come promises limited upside.
Since the consideration for this acquisitions is an
issuance of newly issued preferred
shares which will be listed on the Stock Exchange of Thailand, the preferred
shares are consisted of special features such as (a) accumulative dividend for year 1 - 5th; (
b) convertible to ordinary
shares after year 5th; and (c) the voting right is one
share for one vote but may be decreased after the 5th year (if there is no unpaid accumulative dividend).
The Court also clarified the use of the term «financial assistance» in Article 4 (3)(
b) of Regulation No 833/2014, to exclude processing of payments by a bank or other financial institution, and the application of the prohibition on the
issuance of global depositary receipts representing
shares issued by one of the sanctioned entities before 12 September 2014.
it is not possible to retroactively cancel an
issuance of
shares by way of simple oral consent;
issuance of
shares can be cancelled only if (a) the corporation's articles are amended or (
b) the corporation reaches an agreement to purchase the
shares, which requires the directors pass a resolution, the shareholder in question gives his or her express consent and the tests of solvency and liquidity are met
The purchase price comprised a cash payment of $ 41.5 million and the
issuance of 230,747 Class
B subordinate voting
shares in the
share capital of Logistec.
District court Judge Victoria Roberts ruled that Taubman's
issuance of preferred
B shares was legal.