During Moody's earnings conference call, management addressed shareholder return items, reiterating that the company would aim for a modest $ 200 million in share repurchases in 2018 — just enough to offset dilution from
employee share issuance.
Not exact matches
On December 31, 2009, the Company had 5.18 billion outstanding
shares of common stock, and approximately 734 million
shares reserved for
issuance for outstanding convertible preferred stock, the warrant issued in connection with the TARP CPP investment, dividend reinvestment, deferred compensation plans, long - term incentive compensation awards, and in connection with
employee benefit plans.
The Company has entered into restricted stock purchase agreements with certain founders and
employees for the
issuance of up to 16,084,442
shares of restricted common stock in exchange for services.
The table above does not include (i) 5,952,917
shares of Class A common stock reserved for
issuance under our 2015 Incentive Award Plan (as described in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (x) 2,689,486
shares of Class A common stock issuable upon exercise of options to purchase
shares of Class A common stock granted on the date of this prospectus to our directors and certain
employees, including the named executive officers, in connection with this offering as described in «Executive Compensation — Director Compensation» and «Executive Compensation — New Equity Awards,» and (y) 3,263,431 additional
shares of Class A common stock reserved for future
issuance and (ii) 24,269,792
shares of Class A common stock issuable to the Continuing SSE Equity Owners upon redemption or exchange of their LLC Interests as described in «Certain Relationships and Related Party Transactions — SSE Holdings LLC Agreement.»
The number of
shares of our Class A common stock outstanding after this offering as shown in the tables above is based on the number of
shares outstanding as of September 24, 2014, after giving effect to the Transactions and the Assumed Redemption, and excludes 5,952,917
shares of Class A common stock reserved for
issuance under our 2015 Incentive Award Plan (as described in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (i) 2,689,486
shares of Class A common stock issuable upon the exercise of options to purchase
shares of Class A common stock granted on the date of this prospectus to our directors and certain
employees, including the named executive officers, in connection with this offering as described in «Executive Compensation --
The number of
shares of our Class A common stock outstanding after this offering as shown in the tables above is based on the number of
shares outstanding as of September 24, 2014, after giving effect to the Transactions and the Assumed Redemption, and excludes
shares of Class A common stock reserved for
issuance under our 2015 Incentive Award Plan (as described in «Executive Compensation — New Employment Agreements and Incentive Plans»), consisting of (i)
shares of Class A common stock issuable upon the exercise of options to purchase
shares of Class A common stock granted on the date of this prospectus to our directors and certain
employees, including the named executive officers, in connection with this offering as described
Specific information about a PIV Applicant or Cardholder will be
shared with FAA
employees and its contractors who have a «need to know» for implementation of the FAA PIV card
issuance, physical access control system (PACS), and logical access control systems (LAACS).
As far as I can tell, there will be a 20 %
share issuance, and 5 % may possibly be granted to
employees (presumably without payment?).