Stock Reservation. (i) As of the Capitalization Date, 2,730,039 shares of Company Common Stock were reserved for issuance pursuant to outstanding Company Options, (ii) as of the Capitalization Date, 10,767 shares of Company Common Stock were reserved for issuance pursuant to outstanding unsettled Company RSU Awards, and (iii) the Company’s good faith estimate as of the Agreement Date is that as of July 30, 2021, 12,262 shares of Company Common Stock will be reserved for issuance pursuant to the ESPP and aggregate contributions of $2,895,613.00 will have been received by the Company for the current offering period pursuant to the ESPP. The Company has made available or otherwise delivered to Parent a true, correct and complete list of all Company Equity Awards as of the Capitalization Date with the number of shares of Company Common Stock underlying the Company Equity Award, current vesting status, and exercise or strike price underlying each Company Equity Award (as applicable).
Appears in 2 contracts
Sources: Merger Agreement, Merger Agreement (STAMPS.COM Inc)