In contrast to traditional IPO providing buyers with
equivalent number of shares, the startup's ICO provide unique virtual tokens whose value is directly proportional to the company's growth pattern.
A covered call option strategy is implemented by selling a call option contract while owning
an equivalent number of shares of the underlying stock.
It is «uncovered» (or «naked») if you have not shorted
an equivalent number of shares of the underlying stock.
On the closing of this offering, our CEO will receive an RSU award, or the CEO award, for shares of Series FP preferred stock, which will become an RSU covering
an equivalent number of shares of Class C common stock on the closing of this offering.
On the closing of this offering, our CEO will receive an RSU award, the CEO award, for shares of Series FP preferred stock, which will become an RSU covering
an equivalent number of shares of Class C common stock on the closing of this offering.
As of December 31, 2010, we had outstanding 45,647,201 shares of preferred stock, all of which will be converted into
an equivalent number of shares of Class B common stock immediately prior to the completion of this offering.
As of December 31, 2010, we also had outstanding options to acquire 15,202,015 shares of common stock held by employees, directors and consultants, all of which will become options to acquire
an equivalent number of shares of Class B common stock, immediately prior to the completion of this offering.
Not exact matches
Following the transaction, Comcast's
share of managed subscribers will remain below 30 percent
of the total
number of MVPD subscribers in the U.S. and will be essentially
equivalent to Comcast Cable's subscriber
share after its completion
of both the 2002 AT&T Broadband transaction and the 2006 Adelphia transaction.
The Guidelines also provide that each other executive officer must attain ownership, by no later than the later
of March 14, 2018 or the fifth anniversary from the date he or she becomes an executive officer, and maintain ownership throughout his or her tenure
of a
number of shares equivalent in value to 1.5 times his or her annual salary.
Common
Share Equivalent Basis shall be determined by comparing the dividend that would have been or will be declared or paid on the
number of shares of Common Stock into which the
shares of Series A Preferred Stock would have been or will be convertible as
of the record date (s) to the dividends which were paid or will be paid on the Common Stock during such twelve month period.
The Guidelines provide that our CEO must attain ownership
of, by no later than March 14, 2018 or the fifth anniversary
of his or her appointment as CEO, and maintain ownership throughout his or her tenure
of a
number of shares of our common stock equal to the lesser
of 112,000
shares or the
number of shares equivalent in value to four times his or her annual salary.
A regular purchase
of shares of stock or other securities will typically require the investor to decide the
number of shares to be purchased and then place an actual trade, while dollar - cost averaging is the investing
equivalent of «auto pilot».
The put and call are typically out -
of - the - money (OTM) options, but have the same expiration and ideally are for the same
number of contracts (
equivalent to the
number of shares held).
A text message is just as legally binding as a letter, and the lion's
share of the cases have held that a text message from a known sending phone
number is
equivalent to a signed letter.