BORL » Topics » Registration Rights

These excerpts taken from the BORL 10-K filed Mar 7, 2008.
Registration Rights
 
Under the terms of the Convertible Senior Notes, we filed a shelf registration statement regarding the Convertible Senior Notes with the SEC on December 3, 2007. The shelf registration statement was declared effective by the SEC on February 8, 2008. We must keep the shelf registration statement effective until February 6, 2009 or such earlier date as all shares issued upon conversion of the Convertible Senior Notes are sold. If we fail to meet these terms, we will be required to pay additional interest on the Convertible Senior Notes in the amount of 0.25% for the first 90 days after the occurrence of the failure to meet a term and 0.50% thereafter.
 
NOTE 10.   COMMON SHARES RESERVED FOR FUTURE ISSUANCE
 
Shares of common stock reserved for future issuance at December 31, 2007 are as follows:
 
         
Convertible Senior Notes
    39,200,000  
Stock Option Plans
    18,305,582  
Employee Stock Purchase Plan
    2,573,582  
         
Total
    60,079,164  
         
 
NOTE 11.   STOCK REPURCHASE PROGRAMS
 
Registration
Rights



 



Under the terms of the Convertible Senior Notes, we filed a
shelf registration statement regarding the Convertible Senior
Notes with the SEC on December 3, 2007. The shelf
registration statement was declared effective by the SEC on
February 8, 2008. We must keep the shelf registration
statement effective until February 6, 2009 or such earlier
date as all shares issued upon conversion of the Convertible
Senior Notes are sold. If we fail to meet these terms, we will
be required to pay additional interest on the Convertible Senior
Notes in the amount of 0.25% for the first 90 days after
the occurrence of the failure to meet a term and 0.50%
thereafter.


 















NOTE 10.  

COMMON
SHARES RESERVED FOR FUTURE ISSUANCE



 



Shares of common stock reserved for future issuance at
December 31, 2007 are as follows:


 






















































         


Convertible Senior Notes


 

 

39,200,000

 


Stock Option Plans


 

 

18,305,582

 


Employee Stock Purchase Plan


 

 

2,573,582

 

 

 

 

 

 


Total


 

 

60,079,164

 

 

 

 

 

 






 















NOTE 11.  

STOCK
REPURCHASE PROGRAMS



 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 7, 2008
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