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PCG » Topics » “Net-Exercise”

This excerpt taken from the PCG 10-K filed Feb 24, 2009.
“Net-Exercise” means a procedure by which the Participant will be issued a number of shares of Stock determined in accordance with the following formula:
 
X = Y(A-B)/A, where
X = the number of shares of Stock to be issued to the Participant upon exercise of the Option;
Y = the total number of shares with respect to which the Participant has elected to exercise the Option;
A = the Fair Market Value of one (1) share of Stock;
B = the exercise price per share (as defined in the Participant’s Award Agreement).

 
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                        (u)            “
These excerpts taken from the PCG 10-K filed Feb 22, 2008.
“Net-Exercise” means a procedure by which the Participant will be issued a number of shares of Stock determined in accordance with the following formula:
 
X = Y(A-B)/A, where
X = the number of shares of Stock to be issued to the Participant upon exercise of the Option;
Y = the total number of shares with respect to which the Participant has elected to exercise the Option;
A = the Fair Market Value of one (1) share of Stock;
B = the exercise price per share (as defined in the Participant’s Award Agreement).

  
 
4
 

(u) 
“Net-Exercise”
means a procedure by which the Participant will be issued a number of shares of
Stock determined in accordance with the following formula:

 

X =
Y(A-B)/A, where

X =
the number of shares of Stock to be issued to the Participant upon exercise of
the Option;

Y =
the total number of shares with respect to which the Participant has elected to
exercise the Option;

A =
the Fair Market Value of one (1) share of Stock;

B =
the exercise price per share (as defined in the Participant’s Award
Agreement).





  


 



4






 




(u) 

EXCERPTS ON THIS PAGE:

10-K
Feb 24, 2009
10-K (2 sections)
Feb 22, 2008

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