Examples of Holdings Class B Common Stock in a sentence
From and after the Merger Effective Time, subject to Section 4, if any Member acquires record or Beneficial Ownership of shares of any Holdings Class B Common Stock (including pursuant to the exercise, conversion or exchange of any Convertible Security), such Member shall promptly notify Holdings and DIRECTV of the number of shares so acquired, and such shares shall become Member Shares for purposes of this Agreement.
Without limiting the foregoing, in the event of any stock split, stock dividend or other change in the capital structure of Holdings affecting the Holdings Class B Common Stock, the number of shares of Holdings Class B Common Stock constituting Member Shares shall be adjusted appropriately, and this Agreement and the obligations hereunder shall be deemed amended and shall attach to any additional shares of Holdings Class B Common Stock.
If any Member otherwise would be entitled to receive a fractional share of Holdings Class B Common Stock, such Member will instead receive cash in an amount equal to the product of the applicable fraction of a share multiplied by the closing sales price of the DIRECTV Common Stock on The NASDAQ Global Select Market on the Closing Date.
Xxxxxx Holdings Class A Shares") and upon completion of the Exchange is expected to Beneficially Own 681,882 shares of Holdings Class B Common Stock (the "Xxx.
Subject to the approval of Holdings’ Board of Directors, the Employee will be granted an option (the “Option”) to purchase up to 150,000 shares of Holdings Class B Common Stock (the “Option Shares”) at an exercise price of $4.20 per share (the “Exercise Price”).
AWA made arrangements for the issuance of Holdings Class B Common Stock upon the exercise of such warrants by purchasing an option from Holdings to acquire such stock.
As part of the holding company formation transaction that was effective December 31, 1996, the AWA warrants became rights to acquire shares of Holdings Class B Common Stock.
As at the Effective Date of this Agreement, an aggregate of 10,169,746 shares of Holdings Class A Common Stock are issued and outstanding, and no shares of Holdings Class B Common Stock have been issued.
Xxxxxx Holdings Class A Shares and the Xxxxx Trust Holdings Class A Shares, collectively, the "Xxxxxx Holdings Class A Shares") and upon completion of the Exchange is expected to Beneficially Own 211,863 shares of Holdings Class B Common Stock ("Evan Trust Holdings Class B Shares," together with the Xx. Xxxxxx Holdings Class B Shares, the Xxx.
Malone Trust A (collectively, the "Malones") and possibly certain transferees of the Malones, of all of their shares of Splitco Series B Common Stock to Holdings, in exchange for Holdings Class B Common Stock and cash in lieu of fractional shares pursuant to the Voting and Right of First Refusal Agreement, dated as of May 3, 2009 (as amended through the date hereof, the "Malone Agreement"), by and among DIRECTV, Holdings, the Malones and Liberty Entertainment, Inc.