WBMD » Topics » Restricted Stock Awards

This excerpt taken from the WBMD 8-K filed Nov 23, 2009.
Restricted Stock Awards
 
WebMD’s Restricted Stock consists of shares of WebMD Class A Common Stock which have been awarded to employees with restrictions that cause them to be subject to substantial risk of forfeiture and restrict their sale or other transfer by the employee until they vest. Generally, WebMD Restricted Stock awards vest ratably over periods ranging from four to five years from their individual award dates subject to continued


18


Table of Contents

 
HLTH CORPORATION
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
employment on the applicable vesting dates. The following table summarizes the activity of non-vested WebMD Restricted Stock:
 
                 
          Weighted-
 
          Average
 
          Grant Date
 
    Shares     Fair Value  
 
Balance at January 1, 2009
    706,009     $ 25.22  
Granted
    59,000       30.54  
Vested
    (91,688 )     21.74  
Forfeited
    (50,908 )     29.65  
                 
Balance at September 30, 2009
    622,413     $ 25.88  
                 
 
Proceeds received from the exercise of options to purchase shares of WebMD’s Class A Common Stock were $2,236 and $5,532 during the three and nine months ended September 30, 2009, respectively, and $1,061 and $3,453 during the three and nine months ended September 30, 2008, respectively. The intrinsic value related to the exercise of these stock options, as well as the fair value of shares of WebMD’s Restricted Stock that vested, was $4,410 and $6,017 during the three and nine months ended September 30, 2009, respectively, and $3,299 and $5,769 during the three and nine months ended September 30, 2008, respectively.
 
This excerpt taken from the WBMD 8-K filed Jul 2, 2009.
Restricted Stock Awards
 
The Company Restricted Stock consists of shares of the Company’s Class A Common Stock which have been awarded to employees with restrictions that cause them to be subject to substantial risk of forfeiture and restrict their sale or other transfer by the employee until they vest. Generally, the Company’s Restricted Stock awards vest ratably over periods ranging from four to five years from their individual award dates subject to


F-29


Table of Contents

 
WEBMD HEALTH CORP.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
continued employment on the applicable vesting dates. The following table summarizes the activity of non-vested Company Restricted Stock for the years ended December 31, 2008, 2007 and 2006:
 
                                                 
    Years Ended December 31,  
    2008     2007     2006  
          Weighted-
          Weighted-
          Weighted-
 
          Average
          Average
          Average
 
          Grant Date
          Grant Date
          Grant Date
 
    Shares     Fair Value     Shares     Fair Value     Shares     Fair Value  
 
Balance at the beginning of the year
    307,722     $ 29.46       441,683     $ 25.49       376,621     $ 17.55  
Granted
    555,400       23.74       71,700       47.02       184,710       39.50  
Vested
    (100,562 )     23.78       (104,809 )     21.92       (94,418 )     17.61  
Forfeited
    (56,551 )     36.28       (100,852 )     32.42       (25,230 )     39.00  
                                                 
Balance at the end of the year
    706,009     $ 25.22       307,722     $ 29.46       441,683     $ 25.49  
                                                 
 
Proceeds received from the exercise of options to purchase the Company’s Class A Common Stock were $3,797, $14,355 and $5,257 for the years ended December 31, 2008, 2007 and 2006, respectively. The intrinsic value related to the exercise of these stock options, as well as the fair value of shares of the Company Restricted Stock that vested was $6,100, $24,821 and $9,115 for the years ended December 31, 2008, 2007 and 2006, respectively.
 
This excerpt taken from the WBMD 10-Q filed May 11, 2009.
Restricted Stock Awards
 
The Company Restricted Stock consists of shares of the Company’s Class A Common Stock which have been awarded to employees with restrictions that cause them to be subject to substantial risk of forfeiture and restrict their sale or other transfer by the employee until they vest. Generally, the Company’s Restricted Stock awards vest ratably over periods ranging from four to five years from their individual award dates subject to continued employment on the applicable vesting dates. The following table summarizes the activity of non-vested Company Restricted Stock during the three months ended March 31, 2009:
 
                 
          Weighted-
 
          Average
 
          Grant Date
 
    Shares     Fair Value  
 
Beginning balance at January 1, 2009
    706,009     $ 25.22  
Granted
    5,000       21.82  
Vested
    (11,463 )     42.99  
Forfeited
    (21,283 )     31.82  
                 
Ending balance at March 31, 2009
    678,263     $ 24.69  
                 
 
Proceeds received from the exercise of options to purchase the Company’s Class A Common Stock were $1,922 and $589 during the three months ended March 31, 2009 and 2008, respectively. The intrinsic value related to the exercise of these stock options, as well as the fair value of shares of the Company Restricted Stock that vested, was $790 and $971 during the three months ended March 31, 2009 and 2008, respectively.
 
These excerpts taken from the WBMD 10-K filed Feb 27, 2009.
Restricted Stock Awards
 
HLTH Restricted Stock consists of shares of HLTH Common Stock which have been awarded to the Company’s employees with restrictions that cause them to be subject to substantial risk of forfeiture and restrict their sale or other transfer by the employee until they vest. Generally, HLTH Restricted Stock awards vest ratably over periods ranging from three to five years based on their individual award dates subject to continued employment on the applicable vesting dates. The following table summarizes the activity of non-vested HLTH Restricted Stock relating to the Company’s employees for the years ended December 31, 2008, 2007 and 2006:
 
                                                 
    Years Ended December 31,  
    2008     2007     2006  
          Weighted-
          Weighted-
          Weighted-
 
          Average
          Average
          Average
 
          Grant Date
          Grant Date
          Grant Date
 
    Shares     Fair Value     Shares     Fair Value     Shares     Fair Value  
 
Balance at the beginning of the year
    3,125     $ 11.74       202,414     $ 8.92       423,860     $ 8.46  
Vested
    (3,125 )     11.74       (130,302 )     8.65       (218,112 )     8.03  
Forfeited
                (75,237 )     9.51              
Net transfers from (to) HLTH
                6,250       11.74       (3,334 )     8.59  
                                                 
Balance at the end of the year
        $       3,125     $ 11.74       202,414     $ 8.92  
                                                 
 
Proceeds received by HLTH from the exercise of options to purchase HLTH Common Stock were $6,672, $49,538 and $26,173 for the years ended December 31, 2008, 2007 and 2006, respectively. The intrinsic value related to the exercise of these stock options, as well as the fair value of shares of HLTH Restricted Stock that vested was $3,685, $18,326 and $18,020 for the years ended December 31, 2008, 2007 and 2006, respectively.
 
Restricted Stock Awards
 
The Company Restricted Stock consists of shares of the Company’s Class A Common Stock which have been awarded to employees with restrictions that cause them to be subject to substantial risk of forfeiture and restrict their sale or other transfer by the employee until they vest. Generally, the Company’s Restricted Stock awards vest ratably over periods ranging from four to five years from their individual award dates subject to


F-32


Table of Contents

 
WEBMD HEALTH CORP.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
continued employment on the applicable vesting dates. The following table summarizes the activity of non-vested Company Restricted Stock for the years ended December 31, 2008, 2007 and 2006:
 
                                                 
    Years Ended December 31,  
    2008     2007     2006  
          Weighted-
          Weighted-
          Weighted-
 
          Average
          Average
          Average
 
          Grant Date
          Grant Date
          Grant Date
 
    Shares     Fair Value     Shares     Fair Value     Shares     Fair Value  
 
Balance at the beginning of the year
    307,722     $ 29.46       441,683     $ 25.49       376,621     $ 17.55  
Granted
    555,400       23.74       71,700       47.02       184,710       39.50  
Vested
    (100,562 )     23.78       (104,809 )     21.92       (94,418 )     17.61  
Forfeited
    (56,551 )     36.28       (100,852 )     32.42       (25,230 )     39.00  
                                                 
Balance at the end of the year
    706,009     $ 25.22       307,722     $ 29.46       441,683     $ 25.49  
                                                 
 
Proceeds received from the exercise of options to purchase the Company’s Class A Common Stock were $3,797, $14,355 and $5,257 for the years ended December 31, 2008, 2007 and 2006, respectively. The intrinsic value related to the exercise of these stock options, as well as the fair value of shares of the Company Restricted Stock that vested was $6,100, $24,821 and $9,115 for the years ended December 31, 2008, 2007 and 2006, respectively.
 
This excerpt taken from the WBMD 10-Q filed Nov 10, 2008.
Restricted Stock Awards
 
Company Restricted Stock consists of shares of Company Class A Common Stock which have been awarded to employees with restrictions that cause them to be subject to substantial risk of forfeiture and restrict their sale or other transfer by the employee until they vest. Generally, the Company’s Restricted Stock awards vest ratably over a four year period from their individual award dates subject to continued employment on the applicable vesting dates. The following table summarizes the activity of non-vested Company Restricted Stock during the nine months ended September 30, 2008:
 
                 
          Weighted-
 
          Average
 
          Grant Date
 
    Shares     Fair Value  
 
Beginning balance at January 1, 2008
    307,722     $ 29.46  
Granted
    19,000       28.32  
Vested
    (90,687 )     21.59  
Forfeited
    (12,500 )     21.86  
                 
Ending balance at September 30, 2008
    223,535     $ 32.98  
                 
 
Proceeds received from the exercise of options to purchase Company Class A Common Stock were $1,061 and $3,453 during the three and nine months ended September 30, 2008, respectively, and $2,767 and $8,490 during the three and nine months ended September 30, 2007, respectively. The intrinsic value related to the exercise of these stock options, as well as the fair value of shares of Company Restricted Stock that vested was $3,299 and $5,769 during the three and nine months ended September 30, 2008, respectively, and $8,203 and $15,291 during the three and nine months ended September 30, 2007, respectively.
 
This excerpt taken from the WBMD DEF 14A filed Nov 5, 2008.
RESTRICTED STOCK AWARDS
 
10.1 Grant of Restricted Stock.  The Committee is authorized to make Awards of Restricted Stock to Participants in such amounts and subject to such terms and conditions as may be selected by the Committee. All Awards of Restricted Stock shall be evidenced by a Restricted Stock Award Agreement.
 
10.2 Issuance and Restrictions.  Restricted Stock shall be subject to such restrictions on transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Stock or the right to receive dividends on the Restricted Stock). These restrictions may lapse separately or in combination at such times, under such circumstances, in such installments, upon the
 
WebMD 2005 Long-Term Incentive Plan —
As Amended Through October 28, 2008
 
Annex A – Page 10


Table of Contents

satisfaction of performance goals or otherwise, as the Committee determines at the time of the grant of the Award or thereafter.
 
10.3 Forfeiture.  Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon termination of employment during the applicable restriction period or upon failure to satisfy a performance goal during the applicable restriction period, Restricted Stock that is at that time subject to restrictions shall be forfeited and reacquired by the Corporation; provided, however, that the Committee may provide in any Award Agreement that restrictions or forfeiture conditions relating to Restricted Stock will be waived in whole or in part in the event of terminations resulting from specified causes, and the Committee may in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock.
 
10.4 Certificates for Restricted Stock.  Restricted Stock granted under the Plan may be evidenced in such manner as the Committee shall determine. If certificates representing shares of Restricted Stock are registered in the name of the Participant, certificates must bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Restricted Stock.
 
This excerpt taken from the WBMD 10-Q filed Aug 11, 2008.
Restricted Stock Awards
 
The Company Restricted Stock consists of shares of the Company Class A Common Stock which have been awarded to employees with restrictions that cause them to be subject to substantial risk of forfeiture and restrict their sale or other transfer by the employee until they vest. Generally, the Company’s Restricted Stock awards vest ratably over a four year period from their individual award dates subject to continued employment


13


Table of Contents

 
WEBMD HEALTH CORP.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
on the applicable vesting dates. The following table summarizes the activity of non-vested Company Restricted Stock during the six months ended June 30, 2008:
 
                 
          Weighted-
 
          Average
 
          Grant Date
 
    Shares     Fair Value  
 
Beginning balance at January 1, 2008
    307,722     $ 29.46  
Granted
    4,000       35.22  
Vested
    (13,212 )     44.91  
Forfeited
    (12,500 )     21.86  
                 
Ending balance at June 30, 2008
    286,010     $ 29.16  
                 
 
Proceeds received from the exercise of options to purchase the Company Class A Common Stock were $1,803 and $2,392 during the three and six months ended June 30, 2008, respectively, and $1,265 and $5,723 during the three and six months ended June 30, 2007, respectively. The intrinsic value related to the exercise of these stock options, as well as the fair value of shares of the Company Restricted Stock that vested was $1,499 and $2,470 during the three and six months ended June 30, 2008, respectively, and $2,045 and $7,088 during the three and six months ended June 30, 2007.
 
This excerpt taken from the WBMD 10-Q filed May 12, 2008.
Restricted Stock Awards
 
The Company Restricted Stock consists of shares of the Company Class A Common Stock which have been awarded to employees with restrictions that cause them to be subject to substantial risk of forfeiture and restrict their sale or other transfer by the employee until they vest. Generally, the Company’s Restricted Stock awards vest ratably over a four year period from their individual award dates subject to continued employment


13


Table of Contents

 
WEBMD HEALTH CORP.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
on the applicable vesting dates. The following table summarizes the activity of non-vested Company Restricted Stock during the three months ended March 31, 2008:
 
                 
          Weighted-
 
          Average
 
          Grant Date
 
    Shares     Fair Value  
 
Beginning balance at January 1, 2008
    307,722     $ 29.46  
Granted
    4,000       35.22  
Vested
    (10,462 )     43.74  
Forfeited
           
                 
Ending balance at March 31, 2008
    301,260     $ 29.04  
                 
 
Proceeds received from the exercise of options to purchase the Company Class A Common Stock were $589 and $4,458 during the three months ended March 31, 2008 and 2007, respectively. The intrinsic value related to the exercise of these stock options, as well as the fair value of shares of the Company Restricted Stock that vested was $971 and $5,043 during the three months ended March 31, 2008 and 2007, respectively.
 
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