OPWV » Topics » Equity Compensation Plan Information

This excerpt taken from the OPWV 10-K filed Sep 15, 2008.

Equity Compensation Plan Information

 

     Fiscal Year ended June 30, 2008
     Number of shares to
be issued upon exercise
of outstanding options,
warrants and rights
   Weighted-average
exercise price of
outstanding
options, warrants
and rights
   Number of shares
remaining available
for future issuance
under equity
compensation plans
     (shares in thousands)

Equity compensation plans approved by stockholders

   4,066    $ 9.46    5,419

Equity compensation plans not approved by stockholders

   432    $ 8.97    515
            

Total(1)

   4,498    $ 9.41    5,934
            

 

(1)   This table does not include compensation plans from which we are no longer issuing shares, except for the future issuance of shares upon exercise of options that are still outstanding. As of August 31, 2008, there were 1,742 committed shares subject to outstanding options with a weighted average exercise price of $2.93 under such plans. All such outstanding options were assumed in connection with Openwave’s acquisition of certain business entities.

 

26


Table of Contents
This excerpt taken from the OPWV 10-K filed Aug 29, 2007.

Equity Compensation Plan Information

 

     Fiscal Year ended June 30, 2007
     Number of shares to be
issued upon exercise of
outstanding options,
warrants and rights
   Weighted-average
exercise price of
outstanding
options, warrants
and rights
   Number of shares
remaining available
for future issuance
under equity
compensation plans
     (shares in thousands)

Equity compensation plans approved by stockholders

   7,886    $ 13.98    6,320

Equity compensation plans not approved by stockholders

   582    $ 9.59    387
            

Total(1)

   8,468    $ 13.68    6,707
            

(1)   This table does not include compensation plans from which we are no longer issuing shares, except for the future issuance of shares upon exercise of options that are still outstanding. As of July 31, 2007, there were 4,041 committed shares subject to outstanding options with a weighted average exercise price of $4.18 under such plans. All such outstanding options were assumed in connection with Openwave’s acquisition of certain business entities.
This excerpt taken from the OPWV 10-K filed May 11, 2007.

Equity Compensation Plan Information

 

     Fiscal Year ended June 30, 2006
     Number of shares to be
issued upon exercise of
outstanding options,
warrants and rights
   Weighted-average
exercise price of
outstanding
options, warrants
and rights
   Number of shares
remaining available
for future issuance
under equity
compensation plans
     (shares in thousands)

Equity compensation plans approved by stockholders(1)

   9,991    $ 15.07    1,648

Equity compensation plans not approved by stockholders(2)

   555    $ 9.97    354
            

Total(3)

   10,546    $ 14.80    2,002
            

(1)   The number of shares remaining available for issuance does not include 14,393 uncommitted (i.e., not subject to outstanding stock options) shares from the Company’s 1996 Stock Plan, which terminated on September 25, 2006.
(2)   The number of shares remaining available for issuance does not include uncommitted (i.e., not subject to outstanding stock options) shares from compensation plans from which Openwave no longer is issuing awards. However, this table does include, under the column showing the number of shares to be issued upon exercise of outstanding options, committed (i.e., subject to outstanding stock options) shares from such plans. As of November 27, 2006, there were 10,666 committed shares subject to outstanding options with a weighted average exercise price of $41.47 under such plans. All such outstanding options were assumed in connection with Openwave’s acquisition of certain business entities.
(3)   Subsequent to June 30, 2006, the 1996 Stock Plan terminated. On November 1, 2006 the Company’s Board of Directors approved the Interim Plan with a reserve of 1,200,000 shares. The number of shares available for issuance under the Interim Plan as of November 27, 2006 is 1,200,000. For further information regarding the Interim Plan, please refer under “Proposal 2: Adoption of the 2006 Stock Incentive Plan” to the sections labeled “Purpose of Adopting the 2006 Plan” and “Summary of the Key Terms of the 2006 Plan—Stock Subject to the 2006 Plan.”
This excerpt taken from the OPWV DEF 14A filed Dec 8, 2006.

Equity Compensation Plan Information

 

 

As of June 30, 2006

 

 

 

Number of shares to
be issued upon
exercise of
outstanding options,
warrants and rights

 

Weighted-average
exercise price of
outstanding
options, warrants
and rights

 

Number of shares
remaining available
for future issuance
under equity
compensation plans

 

 

 

(shares in thousands)

 

Equity compensation plans approved by stockholders(1)

 

 

9,991

 

 

 

$

15.07

 

 

 

1,648

 

 

Equity compensation plans not approved by stockholders(2)

 

 

555

 

 

 

$

9.97

 

 

 

354

 

 

Total(3)

 

 

10,546

 

 

 

$

14.80

 

 

 

2,002

 

 


(1)          The number of shares remaining available for issuance does not include 14,393 uncommitted (i.e., not subject to outstanding stock options) shares from the Company’s 1996 Stock Plan, which terminated on September 25, 2006.

(2)          The number of shares remaining available for issuance does not include uncommitted (i.e., not subject to outstanding stock options) shares from compensation plans from which Openwave no longer is issuing awards. However, this table does include, under the column showing the number of shares to be issued upon exercise of outstanding options, committed (i.e., subject to outstanding stock options) shares from such plans. As of November 27, 2006, there were 10,666 committed shares subject to outstanding options with a weighted average exercise price of $41.47 under such plans. All such outstanding options were assumed in connection with Openwave’s acquisition of certain business entities.

(3)          Subsequent to June 30, 2006, the 1996 Stock Plan terminated. On November 1, 2006 the Company’s Board of Directors approved the Interim Plan with a reserve of 1,200,000 shares. The number of shares available for issuance under the Interim Plan as of November 27, 2006 is 1,200,000. For further information regarding the Interim Plan, please refer under ”Proposal 2: Adoption of the 2006 Stock Incentive Plan” to the sections labeled “Purpose of Adopting the 2006 Plan” and “Summary of the Key Terms of the 2006 Plan—Stock Subject to the 2006 Plan.”

This excerpt taken from the OPWV 10-K filed Dec 1, 2006.

Equity Compensation Plan Information

 

     Fiscal Year ended June 30, 2006
     Number of shares to be
issued upon exercise of
outstanding options,
warrants and rights
   Weighted-average
exercise price of
outstanding
options, warrants
and rights
   Number of shares
remaining available
for future issuance
under equity
compensation plans
     (shares in thousands)

Equity compensation plans approved by stockholders(1)

   9,991    $ 15.07    1,648

Equity compensation plans not approved by stockholders(2)

   555    $ 9.97    354
            

Total(3)

   10,546    $ 14.80    2,002
            

(1)   The number of shares remaining available for issuance does not include 14,393 uncommitted (i.e., not subject to outstanding stock options) shares from the Company’s 1996 Stock Plan, which terminated on September 25, 2006.
(2)   The number of shares remaining available for issuance does not include uncommitted (i.e., not subject to outstanding stock options) shares from compensation plans from which Openwave no longer is issuing awards. However, this table does include, under the column showing the number of shares to be issued upon exercise of outstanding options, committed (i.e., subject to outstanding stock options) shares from such plans. As of November 27, 2006, there were 10,666 committed shares subject to outstanding options with a weighted average exercise price of $41.47 under such plans. All such outstanding options were assumed in connection with Openwave’s acquisition of certain business entities.
(3)   Subsequent to June 30, 2006, the 1996 Stock Plan terminated. On November 1, 2006 the Company’s Board of Directors approved the Interim Plan with a reserve of 1,200,000 shares. The number of shares available for issuance under the Interim Plan as of November 27, 2006 is 1,200,000. For further information regarding the Interim Plan, please refer under “Proposal 2: Adoption of the 2006 Stock Incentive Plan” to the sections labeled “Purpose of Adopting the 2006 Plan” and “Summary of the Key Terms of the 2006 Plan—Stock Subject to the 2006 Plan.”
This excerpt taken from the OPWV DEF 14A filed Oct 24, 2005.

Equity Compensation Plan Information

 

     As of October 17, 2005

    

Number of shares to

be issued upon
exercise of
outstanding options,
warrants and rights


   Weighted-average
exercise price of
outstanding
options, warrants
and rights


   Number of shares
remaining available
for future issuance
under equity
compensation plans


     (shares in thousands)

Equity compensation plans approved by stockholders(1)(2)

   12,363    $ 13.12    3,267

Equity compensation plans not approved by stockholders

   912    $ 9.55    101
    
  

  

Total

   13,275    $ 12.88    3,368
    
  

  

(1) Does not include 3,304,749 shares from the Company’s 1995 Stock Plan, which terminated on October 16, 2005. At the time of the termination of the 1995 Stock Plan, these shares were neither issued nor reserved for issuance upon the exercise of a stock option outstanding at the time of the termination of the 1995 Stock Plan.

 

(2) This table does not include compensation plans from which we are no longer issuing shares, except for the future issuance of shares upon exercise of options that are still outstanding. As of October 17, 2005 there were still options to acquire 11,916 shares with a weighted-average exercise price of $37.23 outstanding under such plans. We assumed all of these options in connection with acquisitions of certain business entities.

 

This excerpt taken from the OPWV 10-K filed Sep 12, 2005.

Equity Compensation Plan Information

 

     Fiscal Year ended June 30, 2005

    

Number of shares to

be issued upon
exercise of
outstanding options,
warrants and rights


   Weighted-average
exercise price of
outstanding
options, warrants
and rights


   Number of shares
remaining available
for future issuance
under equity
compensation plans


     (shares in thousands)

Equity compensation plans approved by stockholders(1)

   11,379,314    $ 12.15    2,850,304

Equity compensation plans not approved by stockholders

   1,117,010    $ 9.29    120,051
    
         

Total

   12,496,324    $ 11.89    2,970,355
    
         

(1)   This table does not include compensation plans from which we are no longer issuing shares, except for the future issuance of shares upon exercise of options that are still outstanding. As of June 30, 2005 there were still options to acquire 12,884 shares with a weighted-average exercise price of $34.47 outstanding under such plans. We assumed all of these options in connection with acquisitions of certain business entities.

 

Openwave System’s 2001 Stock Compensation Plan.    This plan provides for the grant of non-qualified stock options, restricted stock bonus awards, and rights to acquire restricted stock to employees, directors (including non-employee directors) and consultants. A maximum of 4,068,128 shares of our common stock may be issued under this plan, of which 533,333 shares are reserved for issuance to non-officer employees who exercise an option under this plan. Shares returning to the plan upon cancellation of outstanding options or the unvested portion of restricted stock bonus awards may be made subject to future awards.

 

48


This plan is administered by our board of directors, which is entitled to delegate this administration at any time to a board committee or sub-committee designated to administer it. The board or committee that administers this plan has the full power to select the individuals to whom awards will be granted and to make any combination of awards to any participants. The board or committee that administers the plan may set the exercise price for options at, above or below the fair market value of our common stock on the date of grant. Options granted under this plan generally have a term of no more than ten years from the date of grant.

 

The board or committee that administers this plan may also determine the terms of the awards granted, including the exercise or purchase price for an option or stock purchase right, the number of shares subject to each award, the term of the award, and the vesting and/or exercisability provisions applicable to the award.

 

If we merge with, or are acquired by, another company, awards outstanding under this plan may be assumed or equivalent awards substituted by our acquirer. However, if our acquirer does not agree to assume or substitute for outstanding awards, the awards shall terminate upon the closing of the merger or acquisition.

 

As of June 30, 2005, awards to purchase 1,117,010 shares of our common stock were outstanding under the plan at a weighted average exercise price of $9.29 per share. As of June 30, 2005, 2,969,843 shares of our common stock had been purchased or issued pursuant to awards granted under this plan.

 

This plan will continue in effect until terminated by the board of directors. The board of directors may amend, alter or discontinue the plan, but no amendment, alteration or discontinuation of this plan shall be made without the written consent of a participant, if such participant’s rights would be diminished under any previously granted award.

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki