PHST » Topics » Dividends

This excerpt taken from the PHST 10-K filed Jun 30, 2008.

Dividends

The holders of the Series A Preferred were entitled to receive cumulative dividends in preference to any dividend on the common stock, payable quarterly at the rate of 8% per annum, either in cash or in shares of Series B redeemable convertible preferred stock (the “Series B Preferred” and, together with the Series A Preferred, the “Preferred Stock”) at the election of the holder. The Series B Preferred has identical rights, preferences and privileges as the Series A Preferred, except that the Series B Preferred was not entitled to the dividend payment right. The Company issued dividends of 6,047, 24,188 and 18,141 shares of Series B Preferred Stock to Series A holders during fiscal 2008, 2007 and 2006, respectively.

 

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PHARSIGHT CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the PHST 10-K filed Jun 27, 2007.

Dividends

The holders of the Series A Preferred are entitled to receive cumulative dividends in preference to any dividend on the common stock, payable quarterly at the rate of 8% per annum, either in cash or in shares of Series B redeemable convertible preferred stock (the “Series B Preferred” and, together with the Series A Preferred, the “Preferred Stock”) at the election of the holder. The Series B Preferred has identical rights, preferences and privileges as the Series A Preferred, except that the Series B Preferred is not entitled to the dividend payment right. During fiscal 2007, at the election of the Series A holders, the Company issued dividends of 72,568 shares of Series B Preferred Stock to Series A holders.

 

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PHARSIGHT CORPORATION

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

This excerpt taken from the PHST 10-K filed Jun 26, 2006.

Dividends

 

The holders of the Series A Preferred are entitled to receive cumulative dividends in preference to any dividend on the common stock, payable quarterly at the rate of 8% per annum, either in cash or in shares of Series B redeemable convertible preferred stock (the “Series B Preferred” and, together with the Series A Preferred, the “Preferred Stock”) at the election of the holder. The Series B Preferred has identical rights, preferences and privileges as the Series A Preferred, except that the Series B Preferred is not entitled to the dividend payment right. During fiscal 2006, at the election of the Series A holders, the Company issued dividends of 54,426 shares of Series B Preferred Stock to Series A holders.

 

This excerpt taken from the PHST 10-K filed Jun 29, 2005.

Dividends

 

The holders of the Series A Preferred are entitled to receive cumulative dividends in preference to any dividend on the common stock, payable quarterly at the rate of 8% per annum, either in cash or in shares of Series B redeemable convertible preferred stock (the “Series B Preferred” and, together with the Series A Preferred, the “Preferred Stock”) at the election of the holder. The Series B Preferred has identical rights, preferences and privileges as the Series A Preferred, except that the Series B Preferred is not entitled to the dividend payment right. During fiscal 2005, at the election of the Series A holders, the Company issued a stock dividend in the form of 18,142 shares of Series B Preferred Stock to a Series A holder.

 

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