Wiseman commends Manulife for introducing restrictions this year that require executives to
hold their stock options for at least five years before exercising them.
In the United States last year, close to 20 percent of private - sector employees owned stock, and 7 percent
held stock options, in the companies where they worked, while about one - third participated in some kind of cash profit - sharing and one - fourth in gain - sharing (when workers get additional compensation based on improvement on a metric other than profits, like sales or customer satisfaction).
Investors receive shares with the same voting rights and the same terms as founders and employees
holding stock options.
(Through indirect control of two corporate entities, Chamandy has cashed in an estimated $ 280 million (U.S.) in stock since 2006, in addition to an estimated $ 12 million (U.S.) in salary and bonuses; he continues to
hold stock options.)
In a sense you're exercising an option if you choose to participate, but it isn't quite the same as
holding a stock option.
2 million employees
held stock options in 2014, according to the National Center for Employee Ownership.
Not exact matches
Similarly, the SBA considers
options to purchase
stock held by non-disadvantaged entities when determining ownership.
If, after exercising the
option, your executive
holds on to the
stock for a while and it appreciates, she will owe only capital - gains tax on that appreciation when she sells.
It was sacrilege to suggest that Steve Jobs should be
held responsible for Apple's (aapl)
stock options backdating issues, and some would consider it wrong to discuss it now.
He owned 1.2 % of the company and
held 1.7 million
stock options.
«The
stock options held by the highest paid 100 CEOs in 2013 represent a tax break worth half a billion dollars.»
Consists of shares of Class C capital
stock to be issued upon exercise of outstanding stock options and vesting of outstanding GSUs that were distributed as a dividend to the issued and outstanding Class A stock options and GSUs in April 2014 in connection with the Stock Split under the following plans which have been assumed by us in connection with certain of our acquisition transactions: the 2005 Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006 Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
stock to be issued upon exercise of outstanding
stock options and vesting of outstanding GSUs that were distributed as a dividend to the issued and outstanding Class A stock options and GSUs in April 2014 in connection with the Stock Split under the following plans which have been assumed by us in connection with certain of our acquisition transactions: the 2005 Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006 Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
stock options and vesting of outstanding GSUs that were distributed as a dividend to the issued and outstanding Class A
stock options and GSUs in April 2014 in connection with the Stock Split under the following plans which have been assumed by us in connection with certain of our acquisition transactions: the 2005 Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006 Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
stock options and GSUs in April 2014 in connection with the
Stock Split under the following plans which have been assumed by us in connection with certain of our acquisition transactions: the 2005 Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006 Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
Stock Split under the following plans which have been assumed by us in connection with certain of our acquisition transactions: the 2005
Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006 Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006
Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility
Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility
Holdings, Inc. in May 2012.
Consists of shares of Class A common
stock to be issued upon exercise of outstanding stock options and vesting of outstanding restricted stock units under the following plans which have been assumed by us in connection with certain of our acquisition transactions: the 2005 Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006 Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
stock to be issued upon exercise of outstanding
stock options and vesting of outstanding restricted stock units under the following plans which have been assumed by us in connection with certain of our acquisition transactions: the 2005 Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006 Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
stock options and vesting of outstanding restricted
stock units under the following plans which have been assumed by us in connection with certain of our acquisition transactions: the 2005 Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006 Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
stock units under the following plans which have been assumed by us in connection with certain of our acquisition transactions: the 2005
Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006 Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
Stock Incentive Plan assumed by us in connection with our acquisition of DoubleClick Inc. in March 2008; the 2006
Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility Holdings, Inc. in May
Stock Plan assumed by us in connection with our acquisition of AdMob, Inc. in May 2010; and the Motorola Mobility
Holdings, Inc. 2011 Incentive Compensation Plan assumed by us in connection with our acquisition of Motorola Mobility
Holdings, Inc. in May 2012.
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.
The Horizons Enhanced Equity ETF (HEX / TSX)
holds 30 large cap Canadian
stocks that also have liquid
options markets.
Each automatic triennial
stock option grant and each
stock option grant for service as lead independent director, member of a Board committee or chair of a Board committee, in each case as described above, will vest 1/36 per month for three years starting on the one month anniversary of the vesting commencement date, subject to continued service in the capacity for which such grant was made (except that if a director who was granted such an
option ceases to be a director on the day before an annual meeting that is
held earlier than the anniversary date of the vesting commencement date for that calendar year, vesting will accelerate with respect to the shares that would have vested if such director continued service through such anniversary date).
On the members forum, an investor posted his predicament with
holding deeply in - the - money put
options on Philip Morris
Stock (PM)...
Most importantly, the portfolio of
stocks held in the Strategic Growth Fund is now fully hedged with put
options.
The company considers any
stock held without restrictions, unvested restricted
stock units and PRSUs, vested but unexercised in - the - money
stock options, deferred compensation that will settle in common
stock and common
stock held under the company's 401 (k) plan in determining whether the
stock ownership guidelines have been met.
For our part, Thursday was difficult, as our largely defensive
holdings were clearly out - of - favor, bank
stocks (which we continue to avoid) shot higher on short covering, and
option volatility declined as investors abandoned the desire to defend against losses.
In the event of such termination, individuals
holding options and
stock appreciation rights will be permitted to exercise such
options and
stock appreciation rights (to the extent exercisable) prior to the sale event.
In addition, in connection with the termination of the 2014 Plan upon a sale event, we may make or provide for a cash payment to participants
holding vested and exercisable
options and
stock appreciation rights equal to the difference between the per share cash consideration payable to stockholders in the sale event and the exercise price of the
options or
stock appreciation rights.
Under our
stock ownership guidelines, each non-employee director was required to acquire and
hold, within five years of the establishment of the
stock ownership guidelines in 2004, or being elected to the Board, 50 % of the number of shares that constituted their annual grant of
stock options following re-election, or 12,500 shares.
I followed Blockbuster very closely for a few months after my departure, partly because I still
held stock and
options.
With respect to an incentive
stock option, Walmart will have a deduction if the Shares are sold prior to the end of the applicable
holding period.
At the same time, we are maintaining something of a «stop loss» a few percent below current levels in the form of put
option coverage for about 90 % of our
stock holdings.
Again, however, we continue to have a put
option defense below about 90 % of our
stock holdings with strike prices within a few percent of current levels, which should relieve any concern about unacceptably large downside exposure.
There are now many companies confirming that, if handled correctly with employees continuing to
hold a meaningful quantity of
stock and
options, secondary sales can be a powerful tool for talent recruitment and retention.
Consists of 293,638,510 shares of Class A common
stock, 79,034,360 shares of Class B common
stock, and 215,887,848 shares of Class C common
stock held by our current directors and executive officers, 3,373,332 shares of Class A common
stock and 3,373,332 shares of Class B common
stock issuable under outstanding
stock options exercisable within 60 days of December 31, 2016, and RSUs for 3,609,706 shares of Class A common
stock and RSUs for 3,501,718 shares of Class B common
stock which are subject to vesting conditions expected to occur within 60 days of December 31, 2016.
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.»
Of these shares, all shares of common
stock sold in this offering by us and the selling stockholders, plus any shares sold upon exercise of the underwriters» over-allotment
option, will be freely tradable in the public market without restriction or further registration under the Securities Act, unless these shares are
held by «affiliates,» as that term is defined in Rule 144 under the Securities Act.
You will experience additional dilution when those
holding options exercise their right to purchase common
stock under our equity incentive plans, when RSUs vest and settle, when we issue restricted
stock to our employees under our equity incentive plans, or when we otherwise issue additional shares of our common
stock.
Provided, however, that an incentive
stock option held by a participant who owns more than 10 % of the total combined voting power of all classes of our
stock, or of certain of our parent or subsidiary corporations, may not have a term in excess of five years and must have an exercise price of at least 110 % of the fair market value of our common
stock on the grant date.
As of December 31, 2014, none of our directors
held outstanding
stock options or other equity awards.
Given the absence of a public trading market of our common
stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately -
Held Company Equity Securities Issued as Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common
stock, including independent third - party valuations of our common
stock; the prices at which we sold shares of our convertible preferred
stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred
stock relative to those of our common
stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common
stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the
option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.
Aside from acceptable «basis» risk between the
stocks we
hold long and the indices we use to hedge, and perhaps 1 % of assets in
option time - premium at any given time as a result of staggering our strikes to provide a stronger defense, we don't consider various speculative bubbles as threats to our own returns.
The following table sets forth information regarding outstanding
stock options held as of December 31, 2009 by our named executive officers other than Mr. Weisberg.
In connection with our acquisition of Mixer Labs, Inc. in December 2009, we assumed
options issued under the Mixer Labs, Inc. 2008
Stock Plan, or the Mixer Labs Plan, held by Mixer Labs employees who continued employment with us after the closing, and converted them into options to purchase shares of our common s
Stock Plan, or the Mixer Labs Plan,
held by Mixer Labs employees who continued employment with us after the closing, and converted them into
options to purchase shares of our common
stockstock.
It does not discuss all aspects of U.S. federal income taxation that may be relevant to particular holders in light of their particular circumstances or to holders subject to special rules under the Code (including, but not limited to, insurance companies, tax - exempt organizations, financial institutions, broker - dealers, partners in partnerships (or entities or arrangements treated as partnerships for U.S. federal income tax purposes) that
hold HP Co. common
stock, pass - through entities (or investors therein), traders in securities who elect to apply a mark - to - market method of accounting, stockholders who
hold HP Co. common
stock as part of a «hedge,» «straddle,» «conversion,» «synthetic security,» «integrated investment» or «constructive sale transaction,» individuals who receive HP Co. or Hewlett Packard Enterprise common
stock upon the exercise of employee
stock options or otherwise as compensation, holders who are liable for the alternative minimum tax or any holders who actually or constructively own 5 % or more of HP Co. common
stock).
If workers
hold options but not
stocks, they have no voting rights.
Consists of (i) shares
held of record by our current directors and executive officers and (ii) 12,734,271 shares issuable pursuant to outstanding
stock options which are exercisable within 60 days of August 31, 2013.
Shares counted toward these guidelines include any shares
held by the executive directly or through a broker, shares
held through the HP 401 (k) Plan, shares
held as restricted
stock, shares underlying time - vested RSUs, and shares underlying vested but unexercised
stock options (50 % of the in - the - money value of such
options is used for this calculation).
Consists of (i) 566,920 shares
held of record by the Richard Costolo 2001 Living Trust dated February 8, 2001, for which Mr. Costolo serves as trustee, and the Lorin Costolo 2001 Living Trust dated February 8, 2001, for which Mr. Costolo's spouse serves as trustee, (ii) 6,749,688 shares issuable pursuant to outstanding
stock options held by Mr. Costolo which are exercisable within 60 days of August 31, 2013 and (iii) 273,000 shares issuable pursuant to outstanding
stock options held by the Lorin Costolo 2012 Gift Trust, for which The Northern Trust Company serves as trustee, which are exercisable within 60 days of August 31, 2013.
In connection with our acquisition of Bluefin Labs, Inc. in February 2013, we assumed
options granted under the Bluefin Labs, Inc. 2008
Stock Plan, or the Bluefin Plan, held by Bluefin employees who continued employment with us or one of our subsidiaries after the closing, and converted them into options to purchase shares of our common s
Stock Plan, or the Bluefin Plan,
held by Bluefin employees who continued employment with us or one of our subsidiaries after the closing, and converted them into
options to purchase shares of our common
stockstock.
The regulator, known as CVM, said they had used
stock options to boost their
holdings in AmBev's voting shares before selling it to Belgium's Interbrew in 2004, to the detriment of minority investors.
The following table sets forth information regarding outstanding
stock options and
stock awards
held by our named executive officers as of December 31, 2012:
Consists of (i) 19,848,942 shares
held of record by The Jack Dorsey Revocable Trust dated December 8, 2010, for which Mr. Dorsey serves as trustee, (ii) 2,354,076 shares
held of record by The Jack Dorsey 2010 Annuity Trust, for which Mr. Dorsey serves as trustee, and (iii) 1,208,332 shares issuable pursuant to outstanding
stock options which are exercisable within 60 days of August 31, 2013.
In 2014, 19.5 % of adult employees owned some company
stock, 7.2 %
held company
stock options, 38.5 % received profit sharing, and 25.3 % received gain sharing, with 52.4 % participating on one or more share format.
See Ilona Babenko and Richard Sen, «Money Left on the Table: An Analysis of Participation in Employee
Stock Purchase Plans, Review of Financial Studies, 27 (2014): 3658 - 3698; 4) Stock held after the exercise of granted stock options or grants of restricted s
Stock Purchase Plans, Review of Financial Studies, 27 (2014): 3658 - 3698; 4)
Stock held after the exercise of granted stock options or grants of restricted s
Stock held after the exercise of granted
stock options or grants of restricted s
stock options or grants of restricted
stockstock.
Our principal stockholders, funds affiliated with or related to Cyrus Capital Partners, L.P. (which we refer to in this prospectus collectively as «Cyrus Capital») and affiliates of Virgin Group
Holdings Limited (which we refer to in this prospectus collectively as the «Virgin Group»), as selling stockholders, have granted the underwriters an
option to purchase up to additional shares of common
stock at the initial public offering price less the underwriting discount solely to cover overallotments.