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.
«On October 24, 2017, our board of directors authorized a $ 150.0 million stock repurchase program, allowing us to repurchase
shares of our common stock over a two - year period from time to time at various prices in the open market or through private transactions.
The Company has also suspended the stock repurchase plan, approved in August of 2008 by its Board of Directors, to buy back up to 4 million
shares of common stock over a three year period.
Not exact matches
Shareholders approved the sale, which paid them $ 13.65 in cash for each
share of common stock, a 37 % premium
over the recent average closing price.
Snap and its co-founders, Evan Spiegel and Bobby Murphy, have pledged to donate up to 13,000,000
shares of Class A
common stock over the next 15 to 20 years to a foundation to support arts, education and youth, the company revealed in its S - 1 filing Thursday afternoon.
During fiscal 2018, each non-employee director received a quarterly grant
of fully - vested
shares of our
common stock for service during the respective preceding quarter with a dollar value intended to approximate $ 125,000 based on the average recent trading price
over a period
of time before the grant date.
Such conversions
of Class B
common stock to Class A
common stock upon transfer will have the effect,
over time,
of increasing the relative voting power
of those holders
of Class B
common stock who retain their
shares in the long term.
This growth rate is the compound annual growth rate
of cash dividends per
common share of stock over the last 5 years.
We have made the proxy materials available to you
over the internet or, in some cases, mailed you paper copies
of these materials because the Board is soliciting your proxy to vote your
shares of our
common stock at the annual meeting to be held on Tuesday, April 27, 2010 or at any adjournments or postponements
of this meeting.
Prior to the Reverse Merger, Shkreli owned the lion's
share of Retrophin
stock (approximately 515,551
shares, representing
over 55 %
of Retrophin's
common stock prior to the Reverse Merger).
Because the restricted
shares are accounted for as options, the Notes are not recorded in the accompanying consolidated balance sheets, the
shares are excluded in the totals for
common stock outstanding as
of April 30, 2012 and 2013 and December 31, 2013, and compensation cost is recognized
over the requisite service period with an offsetting credit to additional paid - in capital.
As COO, he had full responsibility for all Portfolio Management, Investment Research and Office Operations
of the firm, designing and developing new products for the firm in the asset classes
of preferred
shares and
common stock, in addition to his responsibility for the firm's Government bond portfolios under management (
over $ 1.7 billion).
Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its board
of directors authorized a quarterly cash dividend
of $ 0.40 per
share of common stock, an increase
of 14.2 percent
over the previous quarterly dividend
of $ 0.35 per
share.
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.
In the event
of a change
of control (as defined in the plan), the compensation committee may, in its discretion, provide for any or all
of the following actions: (i) awards may be continued, assumed, or substituted with new rights, (ii) awards may be purchased for cash equal to the excess (if any)
of the highest price per
share of common stock paid in the change in control transaction
over the aggregate exercise price
of such awards, (iii) outstanding and unexercised
stock options and
stock appreciation rights may be terminated, prior to the change in control (in which case holders
of such unvested awards would be given notice and the opportunity to exercise such awards), or (iv) vesting or lapse
of restrictions may be accelerated.
The tender offer closed in September 2011, and at the close
of the transaction, the Company recorded $ 34.7 million as compensation expense related to the excess
of the selling price per
share of common stock paid to the Company's employees and consultants
over the fair value
of the tendered
share, and $ 35.8 million as deemed dividends in relation to excess
of the selling price per
share of common and preferred
stock paid to existing investors in excess
of the fair value
of the
shares tendered.
However, these provisions may have the effect
of delaying, deterring or preventing a merger or acquisition
of our company by means
of a tender offer, a proxy contest or other takeover attempt that a stockholder might consider in its best interest, including attempts that might result in a premium
over the prevailing market price for the
shares of Class A
common stock held by stockholders.
«We believe that the market performance
of a
share of common stock,
over an extended period
of time, is likely to follow the business performance
of the underlying company» Lou Simpson
The company repurchased 1,033,705
shares of its
common stock at an average price
of $ 66.21 per
share for a total
of over $ 68.4 million.
Their ownership stake is actually comprised
of just
over 17.6 million
shares of common stock and
over 54.1 million Kinder Morgan warrants (explained below).
Dell stockholders will receive $ 13.65 in cash for each
share of Dell
common stock they hold, representing a 25 % premium
over Dell's closing
share price
of $ 10.88 on Jan. 11, the last trading day before rumors
of a possible sale began.
During the quarter, we returned
over $ 300 million to shareholders through the repurchase
of 2.7 million
shares of common stock and the payment
of a quarterly dividend.
The number
of units awarded is equal to the amount payable with respect to a quarter divided by the average
over the last ten trading days
of the quarter
of the average
of the high and low trading price for
shares of the Company
common stock on each day in the ten - day period.
In February 2016, the Company issued to a service provider a 12 month convertible debentures at 15 % interest with a principal amount
of $ 35,000 along with 35,000 3 - year warrants to purchase
shares common stock at $ 1.00 per
share The convertible debentures are payable at maturity, and convertible at the investor's determination at a price equal to 90 %
of the price
of a subsequent public underwritten offering if one occurs
over $ 5 million, or, if no subsequent offering occurs, at $ 0.75 per
share.
The second and third warrants (the «Contingent Warrants») are for 50,000
shares each
of common stock, and become fully vested only if our underlying
stock price achieves or exceeds $ 12.00 and $ 14.00 per
share, respectively, for five consecutive trading days as quoted on Nasdaq,
over a period
of twenty - four months from the Grant Date.
As
of July 1, 2011, the Cyclically Adjusted PE (CAPE) ratio for the S&P 500 is 23.13, which essentially means the average
share of common stock in the S&P 500 companies trades for 23.13 times its annual earnings averaged
over... Continue reading →
The secured convertible notes will be convertible on the final business day
of each month into
shares of MediciNova
common stock at a conversion price
of $ 6.80 per
share, which conversion price is based on the volume - weighted average price
of MediciNova's
common stock as quoted on Nasdaq and the Osaka Securities Exchange
over the 20 trading days prior to signing
of the merger agreement.
At closing OXGN will place an additional 8.5 M
shares of common stock in escrow to be released to VXGN stockholders contingent upon certain events
over the 2 year period following the closing.
OXiGENE will also place an additional approximately 8.5 million
shares of newly issued
common stock in escrow to be issued contingent upon certain occurrences
over the two - year period following the closing.
The transaction represents a $ 14.50 per
share price for Spirit's
common stock, an 11 percent premium
over its closing price on March 12, and will allow the company to take advantage
of Macquarie's easy access to capital, according to Spirit president and CEO Christopher H. Volk.