Capped Calls definition

Capped Calls means the capped call transactions entered into pursuant to the Capped Call Confirmations.
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Capped Calls means the capped call transactions evidenced by the Capped Call Documentation.
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Capped Calls means the 2023 Capped Calls and the 2025 Capped Calls.
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Examples of Capped Calls in a sentence

  • For accounting purposes, the Capped Calls are separate transactions, and not part of the terms of the Notes.

  • Conditions that cause adjustments to the initial strike price of the Capped Calls mirror conditions that result in corresponding adjustments for the Notes.

  • As these transactions meet certain accounting criteria, the Capped Calls are recorded in stockholders’ equity and are not accounted for as derivatives.

  • The cost of $63.2 million incurred in connection with the Capped Calls was recorded as a reduction to additional paid-in capital.

  • The Capped Calls have initial cap prices of $173.82 per share, subject to certain adjustments.

  • The Capped Calls each have an initial strike price of approximately $110.81 per share, subject to certain adjustments, which correspond to the initial conversion price of the Notes.

  • The Capped Calls cover, subject to anti-dilution adjustments, approximately 3.4 million shares of common stock.

  • The Capped Calls each have an initial strike price of approximately $117.91 per share, subject to certain adjustments, which corresponds to the initial conversion price of the Notes.

  • The Capped Calls have an initial strike price of $29.2428 per share, which corresponds to the initial conversion price of the 2028 Convertible Notes and is subject to anti-dilution adjustments.

  • Upon conversion of the 2025 Notes, there will be no economic dilution until the average market price of the Company’s Class A common stock exceeds the cap price of $12.0925 per share, as exercise of the Capped Calls offset any dilution from the 2025 Notes from the initial conversion price up to the cap price.


More Definitions of Capped Calls

Capped Calls. In connection with the pricing of the notes, we entered into privately negotiated capped call transactions (the “capped call transactions”) with certain financial institutions (the “counterparties”). The capped call transactions cover, subject to customary adjustments, the number of shares of our common stock that will initially underlie the $200.0 million aggregate principal amount of the notes. If the initial purchasers exercise their option to purchase additional notes, we expect to enter into additional capped call transactions with the counterparties. See “Description of Capped Call Transactions” in the Preliminary Offering Memorandum.
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Related to Capped Calls

  • Poverty level means the annual family income for a family unit of a particular size, as specified in the poverty guidelines updated annually in the Federal Register by the U.S. Department of Health and Human Services.

  • Share Level means the level of the Share as determined by the Determination Agent by reference to the level of the Share published by the Exchange.

  • Threshold means with respect to Party B: infinity.

  • Final Share Level means the Share Level at the Valuation Time on the Valuation Date.

  • Total Shareholder Return means the total return (change in share price plus reinvestment of any dividends) of a Share.

  • EBIT means earnings before interest and taxes.

  • Highest-level owner means the entity that owns or controls an immediate owner of the offeror, or that owns or controls one or more entities that control an immediate owner of the offeror. No entity owns or exercises control of the highest level owner.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.