103,627,701 shares of our Class B common stock
issuable upon the exercise of options to purchase shares of our Class B common stock outstanding as of June 30, 2015, with a weighted - average exercise price of $ 6.51 per share;
The other party, the writer of the share option, receives the premium as payment for the option and in turn for that payment becomes obligated to perform — ie, to transfer the shares at a
price upon the exercise of the option.
5,800,200 shares of our Class B common stock
issuable upon the exercise of options to purchase shares of our common stock granted after June 30, 2015, with a weighted - average exercise price of $ 15.23 per share;
the Company's stock ownership guidelines, which require all executive officers to retain 50 % of their after - tax profit
shares upon exercise of options and 50 % of after - tax shares upon vesting of Performance Share Awards or RSRs for a period of one year following retirement.
5,800,200 shares of our Class B common stock issuable
upon the exercise of options to purchase shares of our Class B common stock granted after June 30, 2015, with a weighted - average exercise price of $ 15.23 per share;
103,627,701 shares of our Class B common stock issuable
upon the exercise of options to purchase shares of our common stock outstanding as of June 30, 2015, with a weighted - average exercise price of $ 6.51 per share;
Stock options do not result in issuance of additional stock
upon the exercise of the option, whereas the exercise of the warrants will result in new stock being issued.