Warren Buffett's Berkshire Hathaway will exercise warrants in Bank of America allowing it to acquire 700 million common
shares at an exercise price of $ 7.14 each, or about $ 5 billion.
If the optionee disposes of the shares prior to the expiration of the above holding periods, then the optionee will recognize ordinary income in an amount generally measured as the difference between the exercise price and the lower of the fair market value of
the shares at the exercise date or the sale price of the shares.
If not all warrants are exercised, those warrant holders who exercise all of their warrants will be able to purchase additional common
shares at the exercise price ($ 53) on a pro rata basis.
In addition, Verizon received stock warrants from Helios and Matheson for $ 14 million worth of
shares at an exercise price of $ 5.50 per share, according to a regulatory filing.
Not exact matches
Warren Buffett «s Berkshire Hathaway Inc. (brk - a) has become Bank of America Corp's (bac) largest shareholder by
exercising its right to acquire 700 million
shares at a steep discount, more than tripling an investment it made six years ago.
HOUSTON, April 20, 2018 (GLOBE NEWSWIRE)-- Bellicum Pharmaceuticals, Inc. (NASDAQ: BLCM) a clinical stage biopharmaceutical company focused on discovering and developing cellular immunotherapies for cancers and orphan inherited blood disorders, today announced the closing of its previously announced underwritten public offering of 9,200,000
shares of its common stock, including 1,200,000
shares sold pursuant to the underwriters» full
exercise of their option to purchase additional
shares,
at a public offering price of $ 7.50 per
share.
That increases the
shares outstanding and dilutes the stake of existing shareholders, since
shares issued by the company through the
exercise of options are not sold in exchange for cash
at fair market value but are
exercised at a discount.
In the best - case scenario where all existing option holders
exercise their options
at 10 cents each, the underwriters are still able to subscribe for 60 million new
shares at 10 cents each.
Here's how the tax situation should work: «Let's say the value of your company is $ 5 per
share and you've given an executive 1,000 options with an
exercise price of $ 3,» explains Ralph Anderson, a partner
at the Florham Park, N.J., office of accounting firm Richard A. Eisner & Co..
The
exercise of an option brings cash into the company if new
shares are bought, but the
shares are bought
at a discount.
The employee vests in this right over four years
at 25 % per year, meaning after the first year, options on 25
shares could be
exercised.
As well, NAC has issued to Second Cup warrants to purchase 5,000,000 common
shares of the company,
at an
exercise price of 91 cents per
share.
That means traders who bought the options per Quigg's recommendation were already set to make a profit: If they
exercise their option to sell the
shares at the higher strike price and then buy
at a lower price, they profit with the difference.
As of March 31, 2018, Amarin had approximately 293.6 million American Depository
Shares (ADSs) and ordinary shares outstanding, 32.8 million common share equivalents of Series A Convertible Preferred Shares outstanding and approximately 25.7 million equivalent shares underlying stock options at a weighted - average exercise price of $ 3.35, as well as 12.4 million equivalent shares underlying restricted or deferred stock
Shares (ADSs) and ordinary
shares outstanding, 32.8 million common share equivalents of Series A Convertible Preferred Shares outstanding and approximately 25.7 million equivalent shares underlying stock options at a weighted - average exercise price of $ 3.35, as well as 12.4 million equivalent shares underlying restricted or deferred stock
shares outstanding, 32.8 million common
share equivalents of Series A Convertible Preferred
Shares outstanding and approximately 25.7 million equivalent shares underlying stock options at a weighted - average exercise price of $ 3.35, as well as 12.4 million equivalent shares underlying restricted or deferred stock
Shares outstanding and approximately 25.7 million equivalent
shares underlying stock options at a weighted - average exercise price of $ 3.35, as well as 12.4 million equivalent shares underlying restricted or deferred stock
shares underlying stock options
at a weighted - average
exercise price of $ 3.35, as well as 12.4 million equivalent
shares underlying restricted or deferred stock
shares underlying restricted or deferred stock units.
Over the past six months, 17 insiders have collectively invested more than $ 1.1 - million to buy 55,000
shares, although 33,000 of those
shares were the result of a senior officer
exercising options
at $ 19.37 a
share.
There were also employee
share options outstanding to purchase up to an additional 3.4 million
shares,
at a weighted average
exercise price of $ 31.37 per
share, 0.8 million of which were fully vested; equity - settled
share appreciation rights (SARs) for 0.2 million
shares,
at a weighted average measurement price of $ 32.18, all of which, excluding SARs for approximately 1,000
shares, were fully vested; and restricted
share units (RSUs) covering 13.0 million
shares, of which RSUs to acquire 4.3 million
shares were fully vested.
Sporting Goods Manufacturers Association Vice President Gregg Hartley
shares, «Quite frankly, investing time and money into a regular
exercise routine will decrease sick days, reduce visits to the doctor and cut down on spending
at the pharmacy.
They might also
exercise their stock options, acquiring
shares at a low price and selling them
at grossly inflated prices.
For example, if a stock option relates to 1,000
shares and is
exercised on a cashless basis
at a time when the payment due to the participant is 150
shares, then 1,000
shares shall be charged against the applicable
share limits.
If the participant sells the ISO
shares prior to the expiration of these holding periods, the participant recognizes ordinary income
at the time of disposition equal to the excess if any, of the lesser of (1) the aggregate fair market value of the ISO
shares at the date of
exercise and (2) the amount received for the ISO
shares, over the aggregate
exercise price previously paid by the participant.
When
shares of Capital Stock are to be issued upon the
exercise, grant or vesting of an Incentive Award, Google shall have the authority to withhold a number of such
shares having a Fair Market Value
at the date of the applicable taxable event determined by the Committee to be sufficient to satisfy the minimum federal, state and local withholding tax requirements, if any, attributable to such
exercise, grant or vesting but not greater than the minimum withholding obligations, as determined by Google in its sole discretion.
A participant who is granted an ISO does not recognize taxable income
at the time the ISO is granted or upon its
exercise, but the excess of the aggregate fair market value of the
shares acquired on the
exercise date (ISO
shares) over the aggregate
exercise price paid by the participant is included in the participant's income for alternative minimum tax purposes.
Should the deal's underwriters
exercise an option to purchase up to 2.4 million additional
shares, Ardagh said it could raise as much as $ 372.6 million (352.2 million euros)
at the top of its price range.
Except in the event of the optionee's death, if the
shares are disposed of prior to the expiration of the statutory holding periods (a «Disqualifying Disposition»), generally, the amount by which the fair market value of the
shares at the time of
exercise exceeds the total
exercise price will be ordinary income.
From January 1, 2008 through December 31, 2010, the Registrant granted to its employees, consultants and other service providers options to purchase an aggregate of 12,566,833
shares of common stock under the Registrant's Amended and Restated 2003 Stock Incentive Plan, or the 2003 Plan,
at exercise prices ranging from $ 1.50 to $ 14.46 per
share, which includes options to purchase
shares of common stock that were repriced on a one - for - one basis to $ 2.32 per
share in February 2009.
Also, if a majority of the Board is comprised of persons other than (i) persons for whose election proxies were solicited by the Board; or (ii) persons who were appointed by the Board to fill vacancies caused by death or resignation or to fill newly - created directorships («Board Change»), unless the Committee or Board determines otherwise prior to such Board Change, then participants immediately prior to the Board Change who cease to be employees or non-employee directors within six months after such Board Change for any reason other than death or permanent disability generally have their (i) options and stock appreciation rights become immediately exercisable and to the extent not canceled or cashed out, generally have
at least six months to
exercise such awards; (ii) restrictions with respect to restricted stock and RSRs lapse and generally
shares are delivered; and (iii) performance
shares and performance units pay out pro rata based on performance through the end of the last calendar quarter before the time the participant ceased to be an employee.
From January 1, 2008 through December 31, 2010, the Registrant granted to certain executive officers, directors and other investors options and rights to purchase an aggregate of 8,196,662
shares of common stock under the 2003 Plan
at exercise prices ranging from $ 2.00 to $ 6.20 per
share, which includes options to purchase
shares of common stock that were repriced on a one - for - one basis to $ 2.32 per
share in February 2009.
«Total CEO realized compensation» for a given year is defined as (i) Mr. Musk's salary, cash bonuses, non-equity incentive plan compensation and all other compensation as reported in «Executive Compensation — Summary Compensation Table» below, plus (ii) with respect to any stock option
exercised by Mr. Musk in such year in connection with which
shares of stock were also sold other than to satisfy the resulting tax liability, if any, the difference between the market price of Tesla common stock
at the time of
exercise on the
exercise date and the
exercise price of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk in such year in connection with which
shares of stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted stock unit, if any, the market price of Tesla common stock
at the time of vesting, plus (iv) any cash actually received by Mr. Musk in respect of any
shares sold to cover tax liabilities as described in (ii) and (iii) above, following the payment of such amounts.
That October, Buffett
exercised all of its warrants to purchase 10.7 million
shares of GE's common stock, a position valued
at $ 264.76 million based on the closing price on the date the
shares were delivered.
Until the ownership level is achieved, executives must retain
at least 25 % of the after - tax value upon vesting of each restricted stock award or 25 % of the
shares remaining after
exercise costs and taxes from a stock option
exercise.
However, the amount by which the fair market value of the
shares at the time of
exercise exceeds the option price will be an «item of adjustment» for participant for purposes of the alternative minimum tax.
At this point, you can
exercise your option and receive 100
shares of the company for a steep discount; you would pay only $ 150 per
share.
Upon an optionee's sale of the
shares (assuming that the sale occurs
at least two years after grant of the option and
at least one year after
exercise of the incentive stock option), any gain will be taxed to the optionee as long - term capital gain.
In September 2012, the Registrant issued warrants to purchase 1,080,000
shares of its Series C convertible preferred stock
at an
exercise price of $ 1.00 per
share to two accredited investors.
With respect to Awards granted to an Outside Director that are assumed or substituted for, if on the date of or following such assumption or substitution the Participant's status as a Director or a director of the successor corporation, as applicable, is terminated other than upon a voluntary resignation by the Participant (unless such resignation is
at the request of the acquirer), then the Participant will fully vest in and have the right to
exercise Options and / or Stock Appreciation Rights as to all of the
Shares underlying such Award, including those
Shares which would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Awards with performance - based vesting, all performance goals or other vesting criteria will be deemed achieved
at one hundred percent (100 %) of target levels and all other terms and conditions met.
In February 2008, the registrant issued warrants to purchase an aggregate of 866,091
shares of the registrant's Series E preferred stock to 19 accredited investors
at an
exercise price of $ 2.5124 per
share.
Stock appreciation rights provide for a payment, or payments, in cash or
shares of our Class A common stock, to the holder based upon the difference between the fair market value of our Class A common stock on the date of
exercise and the stated
exercise price
at grant up to a maximum amount of cash or number of
shares.
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.
At the discretion of the Administrator, the payment upon Stock Appreciation Right
exercise may be in cash, in
Shares of equivalent value, or in some combination thereof.
In recognition of these achievements and to create incentives for future success, the Compensation Committee recommended, and the Board of Directors approved a grant to Mr. Musk of 10,067,960 options to purchase
shares of our common stock
at an
exercise price of $ 2.21 per
share representing 4 % of our fully - diluted
share base as of December 4, 2009, with 1 / 4th of the
shares subject to the option vesting immediately, and 1 / 48th of the
shares subject to the option scheduled to vest each month thereafter over the next three years, assuming Mr. Musk's continued service to us through each vesting date.
Since the number of
shares of common stock ultimately issuable under the warrant will vary, this warrant will be carried
at its estimated fair value with changes in fair value reflected in other income (expense), net, until its expiration or
exercise.
Upon the closing of this offering, a total of
shares of common stock will be outstanding, assuming the automatic conversion of all outstanding
shares of preferred stock into
shares of common stock upon the completion of this offering and the issuance of
shares of common stock upon the assumed net
exercise of warrants that would otherwise expire upon the completion of this offering
at an assumed initial public offering price of $ per
share.
As of June 30, 2013, options to purchase 325,630
shares of our common stock remained outstanding under the Crashlytics Plan
at a weighted - average
exercise price of approximately $ 0.54 per
share.
The 2014 Recapitalization Agreement would also provide that under certain circumstances we may be required to issue new warrants to purchase
shares of our common stock
at an
exercise price per
share of $ 0.01 rather than issue
shares of our common stock, in exchange for certain of the Related - Party Notes and Related - Party Warrants.
As of June 30, 2013, options to purchase 496,439
shares of our common stock remained outstanding under the Bluefin Plan
at a weighted - average
exercise price of approximately $ 2.22 per
share.
For example, if a stock option relates to 1,000
shares and is
exercised at a time when the payment due to the participant is 150
shares, then 1,000
shares shall be charged against the applicable
share limits with respect to such
exercise.
As of June 30, 2013, options to purchase 103,176
shares of our common stock remained outstanding under the Mixer Labs Plan
at a weighted - average
exercise price of approximately $ 0.11 per
share.
Each warrant will entitle the holder to acquire one additional common
share of the Company
at an
exercise price of $ 0.08 until April 26, 2022 after the closing of the Offering.
Well, suppose that the 10 - Q of this possibly hypothetical company notes that there are outstanding option grants to employees of 3.4 million
shares at an average
exercise price of $ 152, and another 11.5 million
shares of outstanding option grants
at an average
exercise price of $ 244.
Definition: The
exercise price is the price
at which you can buy or sell
shares of stock by
exercising your options.