Disney stock definition
Examples of Disney stock in a sentence
A description of the New Disney stock to be issued in connection with the mergers is set forth in the section entitled “The Combination Merger Agreement—The Mergers; Effects of the Mergers—Consideration for the Disney Merger” beginning on page 218 of this joint proxy statement/prospectus.
For example, if Disney stock is valued at $69.00 per share as of the day preceding the date of this Agreement, then the Corporation will grant to Employee restricted common stock in the Corporation at a total value of $4,340,000.00 (140,000 shares X $69.00 per share = $9,660,000.00; $9,660,000.00 less $5,320,000.00 = $4,340,000.00).
If you are a record holder of shares other than through these plans and you vote electronically, voting instructions you give with respect to those shares will be applied to Disney stock credited to your accounts in a savings and investment plan unless you request a separate control number with respect to each account.
As of the date of this Agreement, the Corporation will grant to Employee restricted common stock on the Corporation equal in value (based on the closing prices on the day preceding the date of this Agreement) to the difference between the value of 140,000 shares of Disney common stock (which is $69.00 per share) and $5,320,000.00 (the "value of Disney stock option").
Disney shall, as compensation for any unvested Options, at its sole option (i) make a cash payment to you for the fair market value of the unvested options (which shall be the same per share price paid to ▇▇▇▇▇ or his transferees in connection with such a repurchase event), or (ii) recommend to the Compensation Committee of Disney's Board that you receive options to purchase Disney common stock (in accordance with the terms and conditions of the then prevailing Disney stock option plan) in amounts ▇▇▇▇ ▇.
If the average Disney stock price is greater than $114.32, then the exchange ratio will be 0.3324.
The actual exchange ratio may fluctuate with the market price of Disney common stock and, subject to the collar on the exchange ratio, will be determined based on the average Disney stock price.
If the average Disney stock price is less than $93.53, then the exchange ratio will be 0.4063.
The restricted stock will be for the number of the Corporation's shares at the closing market value as of the day preceding the date of this Agreement which will be equal to the value of the Disney stock options as defined above ($4,340,000.00 + $64.50 = 67,287 shares of the Corporation's restricted common stock).
At the Disney effective time, each share of Disney stock issued and outstanding immediately prior to the Disney effective time will be converted into one share of New Disney stock of the same class, which we refer to as the Disney merger consideration, as specified in Section 251(g) of the DGCL.