(2) Estimated Extraordinary Dividend payments of $ 55.8 million are associated with 14,886,107 shares of our common stock outstanding as of June 16, 2009 and Extraordinary Dividend payments of $ 1.7 million are associated with 460,828
shares of our common stock subject to currently vested options that are in - the - money at $ 4.13, the per share closing price of our stock on the Nasdaq Global Market on June 16, 2009, which options are assumed to be exercised prior to the dividend payment.
the number of
shares of our common stock subject to any restricted stock or other stock - based awards and the terms and conditions of such awards, including conditions for repurchase, issue price and repurchase price.
As of December 31, 2015 and 2016, 80.5 million
shares of common stock subject to RSUs and 180.5 million
shares of common stock subject to RSUs were outstanding, respectively, and included both service - based and performance conditions to vest.
Not exact matches
On April 25th, 2018, Globalstar announced that it has signed a merger agreement with Thermo Acquisitions, Inc., pursuant to which the following assets will be combined with the former: metro fiber provider FiberLight, LLC; 15.5 million
shares of common stock of CenturyLink, Inc.; $ 100 million
of cash and minority investments in complementary businesses and assets
of $ 25 million in exchange for Globalstar's
common stock valued at approximately $ 1.65 billion,
subject to adjustments.
As
of September 26, 2015, an additional 179,211
shares of Apple's
common stock were
subject to outstanding
stock options assumed in connection with acquisitions
of other companies (with a weighted - average exercise price
of $ 6.17 per
share).
Persons who have beneficially owned restricted
shares of our
common stock for at least six months but who are our affiliates at the time
of, or any time during the 90 days preceding, a sale, would be
subject to additional restrictions, by which such person would be entitled to sell within any three - month period only a number
of securities that does not exceed the greater
of either
of the following:
Transfers by holders
of Class B
common stock will generally result in those
shares converting to Class A
common stock,
subject to limited exceptions, such as certain transfers effected for estate planning purposes.
The administrator will have the authority to amend, suspend, or terminate our ESPP, except that,
subject to certain exceptions described in our ESPP, no such action may adversely affect any outstanding rights to purchase
shares of our Class A
common stock under our ESPP.
In general, a person who has beneficially owned restricted
shares of our
common stock for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one
of our affiliates at the time
of, or at any time during the 90 days preceding, a sale and (ii) we are
subject to the Securities Exchange Act
of 1934, as amended, periodic reporting requirements for at least 90 days before the sale.
Amounts reported under «Number
of Shares of Common Stock Beneficially Owned as of February 22, 2010» include the number of shares subject to stock options and RSUs that become exercisable or vest within 60 days of February 22, 2010 (which are shown in the columns to the r
Shares of Common Stock Beneficially Owned as of February 22, 2010» include the number of shares subject to stock options and RSUs that become exercisable or vest within 60 days of February 22, 2010 (which are shown in the columns to the ri
Stock Beneficially Owned as
of February 22, 2010» include the number
of shares subject to stock options and RSUs that become exercisable or vest within 60 days of February 22, 2010 (which are shown in the columns to the r
shares subject to
stock options and RSUs that become exercisable or vest within 60 days of February 22, 2010 (which are shown in the columns to the ri
stock options and RSUs that become exercisable or vest within 60 days
of February 22, 2010 (which are shown in the columns to the right).
The registration
of these
shares of our
common stock under the Securities Act would result in these
shares becoming eligible for sale in the public market without restriction under the Securities Act immediately upon the effectiveness
of such registration,
subject to the Rule 144 limitations applicable to affiliates.
On July 9, 2015, Mr. Johnson was granted an option to purchase 38,000
shares of our
common stock, which he early exercised for restricted
shares of our
common stock that were
subject to the same vesting schedule as the option.
Future transfers by holders
of our Class B
common stock will generally result in those
shares converting into
shares of our Class A
common stock,
subject to limited exceptions.
Subject to the provisions
of our 2015 Plan, the administrator will determine the other terms
of stock appreciation rights, including when such rights become exercisable and whether to pay any amount
of appreciation in cash,
shares of our Class A
common stock, or a combination thereof, except that the per
share exercise price for the
shares to be issued pursuant to the exercise
of a
stock appreciation right must be no less than 100 %
of the fair market value per
share on the date
of grant.
Upon effectiveness
of that registration statement,
subject to the satisfaction
of applicable exercise periods, the expiration or waiver
of the market standoff agreements and lock - up agreements referred to above, and applicable volume restrictions and other restrictions that apply to affiliates, the
shares of our capital
stock issued upon exercise
of outstanding options to purchase
shares of our Class A
common stock will be available for immediate resale in the United States in the open market.
On June 9, 2011, Dr. Summers was granted an option to purchase 1,288,000
shares of our
common stock, which he early exercised for restricted
shares of our
common stock that were
subject to the same vesting schedule as the option.
The Committee may grant dividend equivalents to any Participant based on the dividends declared on
shares of Common Stock that are
subject to any Incentive Award during the period between the date the Incentive Award is granted and the date the Incentive Award is exercised, vests, pays out, or expires.
Our compensation committee may award restricted
shares of our
common stock and restricted
stock units to participants
subject to such conditions and restrictions as it may determine.
Such dividend equivalents may be awarded or paid in the form
of cash,
shares of Common Stock, restricted stock, or restricted stock units, or a combination, and shall be determined by such formula and at such time and subject to such accrual, forfeiture, or payout restrictions or limitations as determined by the Committee in its sole discre
Stock, restricted
stock, or restricted stock units, or a combination, and shall be determined by such formula and at such time and subject to such accrual, forfeiture, or payout restrictions or limitations as determined by the Committee in its sole discre
stock, or restricted
stock units, or a combination, and shall be determined by such formula and at such time and subject to such accrual, forfeiture, or payout restrictions or limitations as determined by the Committee in its sole discre
stock units, or a combination, and shall be determined by such formula and at such time and
subject to such accrual, forfeiture, or payout restrictions or limitations as determined by the Committee in its sole discretion.
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.
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.
in the case
of our directors, officers, and security holders, the conversion or reclassification
of our outstanding convertible preferred
stock or other classes
of common stock into
shares of Class B
common stock in connection with this offering and the conversion
of Class B
common stock to Class A
common stock in accordance with our restated certificate
of incorporation, provided that any such
shares of Class A
common stock or Class B
common stock received upon such conversion or reclassification shall remain
subject to the restrictions set forth above;
in the case
of our directors, officers, and security holders, (i) the receipt by the locked - up party from us
of shares of Class A
common stock or Class B
common stock upon (A) the exercise or settlement
of stock options or RSUs granted under a
stock incentive plan or other equity award plan described in this prospectus or (B) the exercise
of warrants outstanding and which are described in this prospectus, or (ii) the transfer
of shares of Class A
common stock, Class B
common stock, or any securities convertible into Class A
common stock or Class B
common stock upon a vesting or settlement event
of our securities or upon the exercise
of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount
of cash needed for the payment
of taxes, including estimated taxes, due as a result
of such vesting or exercise whether by means
of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender
of outstanding
stock options or warrants (or the Class A
common stock or Class B
common stock issuable upon the exercise thereof) to us and our cancellation
of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case
of (i), the
shares received upon such exercise or settlement are
subject to the restrictions set forth above, and provided further that in the case
of (ii), any filings under Section 16 (a)
of the Exchange Act, or any other public filing or disclosure
of such transfer by or on behalf
of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer
of shares or securities was solely to us pursuant to the circumstances described in this bullet point;
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.
the receipt
of shares of common stock in connection with the conversion
of our outstanding preferred
stock into
shares of common stock; provided that any such
shares of common stock received upon such conversion will continue to be
subject to the restrictions on transfer set forth in the lockup agreement;
We, our officers and directors, and holders
of substantially all
of the outstanding
shares of our
common stock including the selling stockholders, have agreed with the underwriters,
subject to certain exceptions, not to offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise dispose
of any
shares of common stock, options or warrants to purchase
shares of common stock or securities convertible into, exchangeable for or that represent the right to receive
shares of common stock, whether now owned or hereafter acquired, during the period from the date
of this prospectus continuing through the date 180 days after the date
of this prospectus, except with the prior written consent
of each
of Goldman, Sachs & Co., Morgan Stanley & Co..
In the years ended December 31, 2015 and 2016 our potential dilutive
shares, such as
stock options, RSUs,
common stock subject to repurchase, and
shares of convertible Series A, A-1, B, and C preferred
stock were not included in the computation
of diluted net loss per
share as the effect
of including these
shares in the calculation would have been anti-dilutive.
We also intend to enter into a Registration Rights Agreement pursuant to which the
shares of Class A
common stock issued to the Continuing SSE Equity Owners upon redemption
of LLC Interests and the
shares of Class A
common stock issued to the Former SSE Equity Owners in connection with the Transactions will be eligible for resale,
subject to certain limitations set forth therein.
The unaudited pro forma basic and diluted net income per
share attributable to
common stockholders, which has been computed to give effect to the assumed automatic conversion
of the redeemable convertible preferred
stock into
shares of common stock using the if converted method upon the completion
of a qualifying IPO and the elimination
of the revaluation adjustment on the redeemable convertible preferred
stock warrants due to the automatic conversion
of those warrants into
common stock warrants (not
subject to revaluation) as though the conversion had occurred as
of the beginning
of the period.
upon the exercise
of an Option or
Stock Appreciation Right or upon the payout of a Restricted Stock Unit, Performance Unit or Performance Share, for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Con
Stock Appreciation Right or upon the payout
of a Restricted
Stock Unit, Performance Unit or Performance Share, for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Con
Stock Unit, Performance Unit or Performance
Share, for each Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Con
Share, for each
Share subject to such Award, to be solely common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Con
Share subject to such Award, to be solely
common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Co
common stock of the successor corporation or its Parent equal in fair market value to the per share consideration received by holders of Common Stock in the Change in Con
stock of the successor corporation or its Parent equal in fair market value to the per
share consideration received by holders of Common Stock in the Change in Con
share consideration received by holders
of Common Stock in the Change in Co
Common Stock in the Change in Con
Stock in the Change in Control.
Subject to the provisions
of our 2016 Plan, the administrator determines the other terms and conditions
of stock appreciation rights, including when such rights become exercisable and whether to pay any increased appreciation in cash or with
shares of our
common stock, or a combination thereof, except that the per
share exercise price for the
shares to be issued pursuant to the exercise
of a
stock appreciation right will be no less than 100 %
of the fair market value per
share on the date
of grant.
Each non-employee director who, as
of the date
of this offering, is serving on our board
of directors and is expected to continue his or her service following this offering will be granted an option to purchase
shares of our Class A
common stock with a grant date fair value
of $ 50,000 (or, if such director is unaffiliated with any significant stockholder
of the Company, $ 75,000) on the date the
shares subject to this offering are priced.
SSE Holdings will enter into the SSE Holdings LLC Agreement and,
subject to certain restrictions set forth therein and as described elsewhere in this prospectus, the Continuing SSE Equity Owners will be entitled to have their LLC Interests redeemed for
shares of our Class A
common stock.
On the date the
shares subject to this offering are priced, each non-employee director who, as
of the date
of this offering, is serving on our board
of directors and is expected to continue his or her service following this offering will be granted (a) an option to purchase
shares of our Class A
common stock with a grant date fair value
of $ 50,000 (or, if such director is unaffiliated with any significant stockholder
of the Company, $ 75,000) and (b) to the extent such director is (i) unaffiliated with any significant stockholder
of the Company and (ii) the chairman
of any committee
of our board
of directors, an additional option to purchase
shares of our Class A
common stock with a fair value
of $ 10,000 with respect to each such chairmanship.
Subject to the provisions
of our 2010 Plan, the administrator determines the terms
of stock appreciation rights, including when such rights vest and become exercisable and whether to settle such awards in cash or with
shares of our
common stock, or a combination thereof, except that the per
share exercise price for the
shares to be issued pursuant to the exercise
of a
stock appreciation right will be no less than 100 %
of the fair market value per
share on the date
of grant.
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.
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.
We intend to file one or more registration statements on Form S - 8 under the Securities Act to register all
shares of Class A
common stock (i)
subject to outstanding
stock options granted in connection with this offering, (ii) issued or issuable under our
stock plans and (iii) issued to the Former UAR Plan Participants.
Subject to the provisions
of our 2013 Plan, the administrator determines the other terms
of stock appreciation rights, including when such rights become exercisable and whether to pay any increased appreciation in cash or with
shares of our
common stock, or a combination thereof, except that the per
share exercise price for the
shares to be issued pursuant to the exercise
of a
stock appreciation right will be no less than 100 %
of the fair market value per
share on the date
of grant.
Subject to the terms and conditions
of the underwriting agreement, the underwriters named below, through their representatives Barclays Capital Inc. and Deutsche Bank Securities Inc., have severally agreed to purchase from us the following respective number
of shares of common stock at a public offering price less the underwriting discounts and commissions set forth on the cover
of this prospectus:
The offering
of the
shares of our
common stock by the underwriters is
subject to receipt and acceptance and
subject to the underwriters» right to reject any order in whole or in part.
In addition,
of the
shares of our
common stock that were
subject to
stock options outstanding as
of, 2015, options to purchase
shares of common stock were exercisable as
of, 2015 and will be eligible for sale 180 days following the effective date
of this offering, or Rules 144 or 701 under the Securities Act, as applicable.
The following table shows the total number
of shares of the Company's
common stock that were
subject to outstanding restricted
stock unit awards granted under the 2003 Plan, that were
subject to outstanding
stock options granted under the 2003 Plan, and that were then available for new award grants under the 2003 Plan as
of September 28, 2013 and as
of November 11, 2013.
As
of November 11, 2013, a total
of 20.873 million
shares of the Company's
common stock were subject to all outstanding awards granted under the Company's equity compensation plans (including the shares then subject to outstanding awards under the 2003 Plan and the Director Plan, as well as outstanding awards assumed by the Company in connection with acquisitions, but exclusive of shares that employees may purchase under the Employee Stock Purchase Plan), of which 17.265 million shares were then subject to outstanding restricted stock unit awards and 3.608 million shares were then subject to outstanding stock opt
stock were
subject to all outstanding awards granted under the Company's equity compensation plans (including the
shares then
subject to outstanding awards under the 2003 Plan and the Director Plan, as well as outstanding awards assumed by the Company in connection with acquisitions, but exclusive
of shares that employees may purchase under the Employee
Stock Purchase Plan), of which 17.265 million shares were then subject to outstanding restricted stock unit awards and 3.608 million shares were then subject to outstanding stock opt
Stock Purchase Plan),
of which 17.265 million
shares were then
subject to outstanding restricted
stock unit awards and 3.608 million shares were then subject to outstanding stock opt
stock unit awards and 3.608 million
shares were then
subject to outstanding
stock opt
stock options.
The administrator will have the authority to amend, suspend or terminate our ESPP, except that,
subject to certain exceptions described in our ESPP, no such action may adversely affect any outstanding rights to purchase
shares of our
common stock under our ESPP.
On July 21, 2017, the board
of directors
of Croe,
subject to the approval
of Croe stockholders, adopted the Croe, Inc. 2017 Equity Incentive Plan and authorized the reservation
of 5,000,000
shares of common stock for issuance pursuant to awards granted thereunder.
Holders
of an aggregate
of approximately million additional
shares of our
common stock as
of, 2010, will have rights,
subject to some conditions and any applicable lock - up agreement described in the «Underwriting» section
of this prospectus, to include their
shares in registration statements that we may file for ourselves or other stockholders.
In addition,
of the
shares of our
common stock that were
subject to
stock options outstanding as
of, 2010, options to purchase
shares of common stock were vested as
of, 2010 and, upon exercise, these
shares will be eligible for sale
subject to the lock - up agreements described below and Rules 144 and 701 under the Securities Act.
In general, a person who has beneficially owned restricted
shares of our
common stock for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one
of our affiliates at the time
of, or at any time during the 90 days preceding, a sale and (ii) we are
subject to the Exchange Act periodic reporting requirements for at least 90 days before the sale and are current in filing our periodic reports.
terminate either (a) each outstanding option or (b) each outstanding option that is fully exercisable as
of the date
of such transaction, in exchange for a cash payment equal in amount to the excess, if any,
of the fair market value, as determined by our board
of directors,
of a
share of our
common stock over the per -
share exercise price
of each such option, multiplied by the number
of shares subject to each such option.