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If it becomes exercisable upon the announcement or completion of such a bid and has no cap, JPMorgan would then get a blocking position under 203 for that three-year period.
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The warrants, which became exercisable in February, were issued as part of a technology agreement between the companies.
Some of these options become exercisable in 2004.
But the interests can just as easily become misaligned by the fact that executives can sell their shares as soon as they become exercisable.
While many startups allow their shares to become exercisable over the course of a four-year vesting agreement, Uber has share agreements that become exercisable after just six months.
Netflix's Board of Directors may redeem the Rights for $0.001 per Right at any time before an event that causes the Rights to become exercisable.
The Rights become exercisable if a person or group acquires 10% of Netflix, or 20% in the case of institutional investors, if the deal is not board-approved.
If they become exercisable, however, each Right will give the shareholders the opportunity to buy one one-thousandth of a share of a new series of participating preferred stock at an exercise price of $350 per Right.
If the Rights become exercisable, each Right will entitle stockholders to buy one one-thousandth of a share of a new series of participating preferred stock at an exercise price of $350 per Right.
A portion of these shares have become exercisable.
– becomes dependent upon very obvious devices to create tension.
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CEO of Professional Science Editing for Scientists @ prosciediting.com