UFPT » Topics » Stock Purchase Plan

This excerpt taken from the UFPT 10-Q filed May 12, 2009.
Stock Purchase Plan

 

On April 18, 1998, the Company adopted the 1998 Stock Purchase Plan (the “Stock Purchase Plan”), which provides that all employees of the Company (who work more than twenty hours per week and more than five months in any calendar year, and who are employees on or before the applicable offering period) are eligible to participate.  The Stock Purchase Plan is intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Code.  Under the Stock Purchase Plan participants may have up to 10% of their base salaries withheld for the purchase of the Company’s common stock at 95% of the market value of the common stock on the last day of the offering period.  The offering periods are from January 1 through June 30 and from July 1 through December 31 of each calendar year.  The 1998 Stock Purchase Plan provides for the issuance of up to 400,000 shares of common stock.  Through March 31, 2009, there were 305,866

 

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Table of Contents

 

shares issued under this plan.  The Company currently plans on dissolving the 1998 Stock Purchase Plan during 2009.

 

This excerpt taken from the UFPT 10-Q filed Nov 7, 2008.
Stock Purchase Plan

 

On April 18, 1998, the Company adopted the 1998 Stock Purchase Plan (the “Stock Purchase Plan”), which provides that all employees of the Company (who work more than twenty hours per week and more than five months in any calendar year, and who are employees on or before the applicable offering period) are eligible to participate.  The Stock Purchase Plan is intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Code.  Under the Stock Purchase Plan participants may have up to 10% of their base salaries withheld for the purchase of the Company’s common stock at 95% of the market value of the common stock on the last day of the offering period.  The offering periods are from January 1 through June 30 and from July 1 through December 31 of each calendar year.  The 1998 Stock Purchase Plan provides for the issuance of up to 400,000 shares of common stock.  Through September 30, 2008, there were 305,866 shares issued under this plan.  The Company currently plans on dissolving the 1998 Stock Purchase Plan during 2008.

 

This excerpt taken from the UFPT 10-Q filed Aug 12, 2008.
Stock Purchase Plan

 

On April 18, 1998, the Company adopted the 1998 Stock Purchase Plan (the “Stock Purchase Plan”), which provides that all employees of the Company (who work more than twenty hours per week and more than five months in any calendar year, and who are employees on or before the applicable offering period) are eligible to participate.  The Stock Purchase Plan is intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Code.  Under the Stock Purchase Plan participants may have up to 10% of their base salaries withheld for the purchase of the Company’s common stock at 95% of the market value of the common stock on the last day of the offering period.  The offering periods are from January 1 through June 30 and from July 1 through December 31 of each calendar year.  The 1998 Stock Purchase Plan provides for the issuance of up to 400,000 shares of common stock.  Through June 30, 2008, there were 305,866 shares issued under this plan.  The Company currently plans on dissolving the 1998 Stock Purchase Plan during 2008.

 

This excerpt taken from the UFPT 10-Q filed May 13, 2008.
Stock Purchase Plan

 

On April 18, 1998, the Company adopted the 1998 Stock Purchase Plan (the “Stock Purchase Plan”), which provides that all employees of the Company (who work more than twenty hours per week and more than five months in any calendar year, and who are employees on or before the applicable offering period) are eligible to participate.  The Stock Purchase Plan is intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1986.  Under the Stock Purchase Plan participants may have up to 10% of their base salaries withheld for the purchase of the Company’s common stock at 95% of the market value of the common stock on the last day of the offering period.  The offering periods are from January 1 through June 30 and from July 1 through December 31 of each calendar year.  The 1998 Stock Purchase Plan provides for the issuance of up to 400,000 shares of common stock.  Through March 31, 2008, there were 305,302 shares issued under this plan.

 

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These excerpts taken from the UFPT 8-K filed Mar 21, 2008.

6.              Stock Purchase Plan

 

The Company adopted a Stock Purchase Plan for certain management and sales employees on October 1, 1991.  Eligible employees are entitled to utilize up to 20% of their gross annual income paid by the Company, or more subject to approval of the Board of Directors, for purposes of participation in the Stock Purchase Plan.  Stock is sold under the plan during each fiscal year at the book value established by the Company at the close of the preceding fiscal year.  Of every 10 shares purchased by a participant in the plan, one share is Class A voting common stock and nine shares are Class B non-voting common stock.  In accordance with the Stockholder Agreement entered into by the Company and each participant in the Stock Purchase Plan, each participant may elect to have his or her shares redeemed by the Company at a price equal to the book value of the Company’s common stock as of the last day of the preceding month.  Upon the death or termination of employment of any participant in the Stock Purchase Plan, the Company is obligated to redeem that participant’s shares under the same terms as described above.

 

During the three-month period ended September 30, 2007, the Company redeemed 3,936 shares of Class B non-voting common stock for total consideration of $8,502.

 

7.              Stock Purchase Plan

 

The Company’s Stock Purchase Plan was adopted for certain management and sales employees on October 1, 1991.  Eligible employees are entitled to utilize up to 20% of their gross annual income paid by the Company, or more subject to approval of the Board of Directors, for purposes of participation in the Stock Purchase Plan.  Stock is sold under the plan during each fiscal year at the book value established by the Company at the close of the preceding fiscal year.  Of every 10 shares purchased by a participant in the plan, one share is Class A voting common stock and nine shares are Class B non-voting common stock.  In accordance with the Stockholder Agreement entered into by the Company and each participant in the Stock Purchase Plan, each participant may elect to have his or her shares redeemed by the Company at a price equal to the book value of the Company’s common stock as of the last day of the preceding month.  Upon the death or termination of employment of any participant in the Stock Purchase Plan, the Company is obligated to redeem that participant’s shares under the same terms as described above.

 

During the year ended June 30, 2007 participants in the Stock Purchase Plan purchased 428 and 3,852 shares of Class A voting common stock and Class B non-voting common stock, respectively, for total consideration of $8,560, or $2.00 per share.  In accordance with the terms of the Stockholder Agreement, the Company redeemed 366 and 2,560 shares of Class A voting common stock and Class B non-voting common stock, respectively, for total consideration of $6,336.

 

This excerpt taken from the UFPT 10-Q filed Nov 9, 2007.
Stock Purchase Plan

 

On April 18, 1998, the Company adopted the 1998 Stock Purchase Plan (the “Stock Purchase Plan”), which provides that all employees of the Company (who work more than twenty hours per week and more than five months in any calendar year, and who are employees on or before the applicable offering period) are eligible to participate. The Stock Purchase Plan is intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1986. Under the Stock Purchase Plan participants may have up to 10% of their base salaries withheld for the purchase of the Company’s common stock at 95% of the market value of the common stock on the last day of the offering period. The offering periods are from January 1 through June 30 and from July 1 through December 31 of each calendar year. The 1998 Stock Purchase Plan provides for the issuance of up to 400,000 shares of common stock. Through September 30, 2007, there were 303,049 shares issued under this plan.

 

This excerpt taken from the UFPT 10-Q filed Aug 10, 2007.
Stock Purchase Plan

On April 18, 1998, the Company adopted the 1998 Stock Purchase Plan (the “Stock Purchase Plan”), which provides that all employees of the Company – who work more than twenty hours per week and more than five months in any calendar year, and who are employees on or before the applicable offering period – are eligible to participate.  The Stock Purchase Plan is intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1986.  Under the Stock Purchase Plan participants may have up to 10% of their base salaries withheld for the purchase of the Company’s common stock at 95% of the market value of the common stock on the last day of the offering period.  The offering periods are from January 1 through June 30 and from July 1 through December 31 of each calendar year.  The 1998 Stock Purchase Plan provides for the issuance of up to 400,000 shares of common stock.  Through June 30, 2007, there were 300,657 shares issued under this plan.

This excerpt taken from the UFPT 10-Q filed May 11, 2007.
Stock Purchase Plan

On April 18, 1998, the Company adopted the 1998 Stock Purchase Plan (the “Stock Purchase Plan”), which provides that all employees of the Company – who work more than twenty hours per week and more than five months in any calendar year, and who are employees on or before the applicable offering period – are eligible to participate.  The Stock Purchase Plan is intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1986.  Under the Stock Purchase Plan participants may have up to 10% of their base salaries withheld for the purchase of the Company’s common stock at 95% of the market value of the common stock on the last day of the offering period.  The offering periods are from January 1 through June 30 and from July 1 through December 31 of each calendar year.  The 1998 Stock Purchase Plan provides for the issuance of up to 400,000 shares of common stock.  Through March 31, 2007, there were 300,687 shares issued under this plan.

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This excerpt taken from the UFPT 10-Q filed Nov 13, 2006.

Stock Purchase Plan

On April 18, 1998, the Company adopted the 1998 Stock Purchase Plan, which provides that all employees of the Company – who work more than twenty hours per week and more than five months in any calendar year, and who are employees on or before the applicable offering period – are eligible to participate.  The Stock Purchase Plan is intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1986.  Under the Stock Purchase Plan participants may have up to 10% of their base salaries withheld for the purchase of the Company’s common stock at 95% of the market value of the common stock on the last day of the offering period.  The offering periods are from January 1 through June 30 and from July 1 through December 31 of each calendar year.  The 1998 Stock Purchase Plan provides for the issuance of up to 400,000 shares of common stock.  Through September 30, 2006, there were 298,328 shares issued under this Plan.

This excerpt taken from the UFPT 10-Q filed Aug 10, 2006.

Stock Purchase Plan

On April 18, 1998, the Company adopted the 1998 Stock Purchase Plan, which provides that all employees of the Company — who work more than twenty hours per week and more than five months in any calendar year, and who are employees on or before the applicable offering period — are eligible to participate.  The Stock Purchase Plan is intended to qualify as an “employee stock purchase plan” under Section 423 of the Internal Revenue Code of 1986.  Under the Stock Purchase Plan participants may have up to 10% of their base salaries withheld during the six-month offering periods ending June 30 and December 31 for the purchase of the Company’s common stock at 95% of the market value of the common stock on the last day of the offering period.  The 1998 Stock Purchase Plan provides for the issuance of up to 400,000 shares of common stock.  Through June 30, 2006, there were 296,941 shares issued under this Plan.

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