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2/27/2014(7) 368,890(8) 7.25 2/27/2024
Alyssa Henry 5/14/2014(3) 2,000,000(8) 7.25 5/14/2024
(1) Each of the outstanding options to purchase shares of our Class B common stock was granted pursuant to our 2009 Plan and is subject to 12
months of accelerated vesting in the event of a change of control.
(2) This column represents the fair market value of a share of our Class B common stock on the date of grant, as determined by our board of directors
or its authorized committee.
(3) One-fourth of the shares subject to the option vest on the first anniversary of the vesting commencement date and one forty-eighth of the shares
vest monthly thereafter, subject to continued service with us.
(4) The option is subject to an early exercise provision and is immediately exercisable for restricted shares. Restricted shares acquired upon the early
exercise of options are subject to repurchase by us at the original exercise price, which right lapses pursuant to the option's vesting schedule. Of the
shares underlying this option. 122,940 of the shares were vested as of December 31. 2014.
(5) The option is subject to an early exercise provision and is immediately exercisable for restricted shares. Restricted shares acquired upon the early
exercise of options are subject to repurchase by us at the original exercise price, which right lapses pursuant to the option's vesting schedule. Of the
shares underlying this option. 28.690 of the shares were vested as of December 31. 2014.
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(8) The option is subject to an early exercise provision and is immediately exercisable for restricted shares. Restricted shares acquired upon the early
exercise of options are subject to repurchase by us at the original exercise price. which right lapses pursuant to the option's vesting schedule. Of the
shares underlying this option. 292.780 of the shares were vested as of December 31. 2014.
(7) One-fifth of the shares subject to the option vest on the first anniversary of the vesting commencement date and one•satieth of the shares vest
monthly thereafter, subject to continued service with us.
(8) The option is subject to an early exercise provision and is immediately exercisable for restricted shares. Restricted shares acquired upon the early
exercise of options are subject to repurchase by us at the original exercise price, which right lapses pursuant to the option's vesting schedule. All of
the shares underlying this option were unvested as of December 31. 2014.
Potential Payments upon Termination or Change of Control
Executive Change of Control and Severance Agreements
We have entered into a change of control and severance agreement with each of our named executive officers, which
agreement provides for the severance and change of control benefits described below. Each change of control and severance
agreement supersedes any existing agreement or arrangement the named executive officers may have with us that provides for
severance and/or change of control payments or benefits.
Under each change of control and severance agreement, if the named executive officer remains employed by us or any of
our subsidiaries through a "triggering event" (as defined in our 2009 Plan), the vesting of any of his or her options (or unvested
shares acquired through the early exercise of options) that were outstanding when the change of control and severance agreement
was entered into will be accelerated as if he or she had been employed for an additional 12 months following such triggering event.
If the named executive officer's employment is terminated by us without "cause" or by reason of death or "disability" (as such
term are defined in his or her change of control and severance agreement), in either case, outside the Change of Control Period
(as defined below), he or she will be eligible to receive the following payments and benefits if he or she timely signs and does not
revoke a release of claims:
• a lump-sum payment equal to 75% of annual base salary (as of immediately before his or her termination);
• a lump-sum payment equal to a pro rata portion of the annual bonus that the named executive officer would have earned
for the year of his or her termination if he or she had remained employed until eligible to receive the bonus;
• a taxable lump-sum payment equal to nine months of the monthly COBRA premium required to continue health insurance
coverage for the named executive officer and his or her eligible dependents regardless of whether the named executive
officer elects COBRA coverage; and
• in the event of a termination due to death or disability only, fully accelerated vesting and exercisability of all outstanding
equity awards, and, with respect to equity awards with performance-based vesting, all performance goals or other vesting
criteria will be deemed achieved at 100% of target levels.
If, within the three-month period before or after the 12-month period following a change of control (such period, the Change
of Control Period), the named executive officer's employment is terminated by us without cause or by reason of death or disability
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CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0074903
CONFIDENTIAL SDNY_GM_00221087
EFTA01377751
ℹ️ Document Details
SHA-256
ba0bb66e84d9a5286ea7e18675601ea96f71a726ca3fbbb322026c1225b352c2
Bates Number
EFTA01377751
Dataset
DataSet-10
Document Type
document
Pages
1