Examples of Company Class B Common Stock in a sentence
As of the Measurement Date, 1,407,894 Shares of Company Class A Common Stock and 301,814 Shares of Company Class B Common Stock were held in treasury of the Company.
During the nine-month period following the closing of the Combination, Mr. Diller may from time to time exercise the Purchase/Exchange Right and acquire additional shares of Company Class B Common Stock as further described in Item 6 and as set forth in the New Governance Agreement.
Because each share of Company Class B Common Stock generally is entitled to ten votes per share and each share of Company Common Stock is entitled to one vote per share, Mr. Diller may be deemed to beneficially own equity securities of the Issuer representing approximately 47.7% of the voting power of the Issuer.
The Original Shares represent approximately 28% of the total voting power of the Issuer, based on the approximately 141 million shares of Company Common Stock and approximately 5.5 million shares of Company Class B Common Stock outstanding at the closing of the Combination.
Assuming the conversion of all shares of Company Class B Common Stock beneficially owned by Mr. Diller into Company Common Stock, Mr.Diller would beneficially own approximately 8.6% of the outstanding Company Common Stock (calculated in accordance with Rule 13d-3).