SRX » Topics » Employee Stock Purchase Plan

This excerpt taken from the SRX 10-Q filed May 11, 2009.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 95% of the average of the high and low price of the class A common stock on the last day of each offering period. Employees purchased 22,395 and 9,430 shares during the three months ended March 31, 2009 and 2008, respectively, and 55,784 and 30,253 shares during the nine months ended March 31, 2009 and 2008, respectively, under the ESPP.

This excerpt taken from the SRX 10-Q filed Feb 9, 2009.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 95% of the average of the high and low price of the class A common stock on the last day of each offering period. Employees purchased 16,878 and 10,147 shares during the three months ended December 31, 2008 and 2007, respectively, and 33,389 and 20,823 shares during the six months ended December 31, 2008 and 2007, respectively, under the ESPP.

 

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SRA INTERNATIONAL, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)—(Continued)

Three Months Ended December 31, 2008 and 2007

 

This excerpt taken from the SRX 10-Q filed Nov 10, 2008.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 95% of the average of the high and low price of the class A common stock on the last day of each offering period. Employees purchased 16,511 and 10,676 shares during the three months ended September 30, 2008 and 2007, respectively, under the ESPP.

 

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SRA INTERNATIONAL, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)—(Continued)

Three Months Ended September 30, 2008 and 2007

 

This excerpt taken from the SRX 10-K filed Aug 28, 2008.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 95% of the average of the high and low price of the class A common stock on the last day of each offering period. Employees purchased 45,510, 47,347, and 36,179 shares for the years ended June 30, 2008, 2007, and 2006, respectively, under the ESPP.

This excerpt taken from the SRX 10-Q filed May 7, 2008.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP was available to all eligible employees beginning on January 1, 2005. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 95% of the average of the high and low price of the class A common stock on the last day of each offering period. Employees purchased 9,430 and 11,609 shares under the ESPP during the three months ended March 31, 2008 and 2007, respectively, and 30,253 and 35,159 shares under the ESPP during the nine months ended March 31, 2008 and 2007, respectively.

 

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SRA INTERNATIONAL, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)—(Continued)

Three Months and Nine Months Ended March 31, 2008 and 2007

 

This excerpt taken from the SRX 10-Q filed Feb 7, 2008.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP was available to all eligible employees beginning on January 1, 2005. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 100% of the average of the high and low price of the common stock on the last day of each offering period. Employees purchased 10,147 and 10,735 shares under the ESPP during the three months ended December 31, 2007 and 2006, respectively, and 20,823 and 23,550 shares under the ESPP during the six months ended December 31, 2007 and 2006, respectively. Beginning January 1, 2008, the ESPP allows eligible employees to purchase stock at a price equal to 95% of the average of the high and low price of the class A common stock on the last day of each offering period.

This excerpt taken from the SRX 10-Q filed Nov 9, 2007.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP was available to all eligible employees beginning on January 1, 2005. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 100% of the average of the high and low price of the common stock on the last day of each offering period. Employees purchased 10,676 and 12,815 shares under the ESPP during the three months ended September 30, 2007 and 2006, respectively.

 

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SRA INTERNATIONAL, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)—(Continued)

Three Months Ended September 30, 2007 and 2006

 

5. Accounts Receivable:

Accounts receivable, net as of September 30, 2007 and June 30, 2007 consisted of the following (in thousands):

 

    

September 30,

2007

   

June 30,

2007

 

Billed and billable, net of allowance of $3,030 as of September 30, 2007 and $2,689 as of June 30, 2007

   $ 301,940     $ 240,735  
                

Unbilled:

    

Retainages

     5,443       4,508  

Revenue recorded in excess of milestone billings on fixed-price contracts

     11,613       11,585  

Revenue recorded in excess of contractual authorization, billable upon receipt of contractual amendments/documents

     4,496       7,188  

Allowance for unbillable amounts

     (1,673 )     (1,607 )
                

Total unbilled

     19,879       21,674  
                

Total accounts receivable

   $ 321,819     $ 262,409  
                

The billable receivables included in the billed and billable line item above represent primarily revenue earned in the final month of the reporting period that were billable as of the balance sheet date. These billable receivables are typically billed and collected within 90 days of the balance sheet date.

Consistent with industry practice, certain receivables related to long-term contracts and programs are classified as current, although a portion of these amounts is not expected to be billed and collected within one year. Unbilled accounts receivable at September 30, 2007 are expected to be billed and collected within one year except for approximately $2.4 million related to a portion of retainages.

 

6. Commitments and Contingencies:
This excerpt taken from the SRX 10-K filed Aug 16, 2007.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP was available to all eligible employees beginning on January 1, 2005. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 100% of the average of the high and low price of the common stock on the last day of each offering period. Employees purchased 47,347 and 36,179 shares for the years ended June 30, 2007 and 2006, respectively, under the ESPP.

This excerpt taken from the SRX 10-Q filed May 3, 2007.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP was available to all eligible employees beginning on January 1, 2005. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 100% of the average of the high and low price of the common stock on the last day of each offering period. Under the ESSP, employees purchased 11,609 shares and 35,159 shares for the three and nine months ended March 31, 2007, respectively.

This excerpt taken from the SRX 10-Q filed Feb 2, 2007.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP was available to all eligible employees beginning on January 1, 2005. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 100% of the average of the high and low price of the common stock on the last day of each offering period. Under the ESPP, employees purchased 10,735 shares and 23,550 shares for the three and six months ended December 31, 2006, respectively.

This excerpt taken from the SRX 10-Q filed Nov 3, 2006.

Employee Stock Purchase Plan

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP was available to all eligible employees beginning on January 1, 2005. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 100% of the average of the high and low price of the common stock on the last day of each offering period. Employees purchased 12,815 shares for the three months ended September 30, 2006 under the ESPP.

This excerpt taken from the SRX 10-K filed Aug 25, 2006.

Employee Stock Purchase Plan

 

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP was available to all eligible employees beginning on January 1, 2005. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 100% of the average of the high and

 

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SRA INTERNATIONAL, INC. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

Years Ended June 30, 2006, 2005, and 2004

 

low price of the common stock on the last day of each offering period. Employees purchased 36,179 and 5,626 shares for the years ended June 30, 2006 and 2005, respectively, under the ESPP.

 

This excerpt taken from the SRX 10-K filed Sep 13, 2005.

Employee Stock Purchase Plan

 

The Company maintains the SRA International, Inc. 2004 Employee Stock Purchase Plan (ESPP) and has reserved 500,000 shares for issuance thereunder. The ESPP was available to all eligible employees beginning on January 1, 2005. The ESPP permits eligible employees to purchase class A common stock, through payroll deductions of up to 15% of the employee’s compensation, at a price equal to 100% of the average of the high and low price of the common stock on the last day of each offering period. As of June 30, 2005, 5,626 shares had been purchased under the ESPP.

 

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