Outstanding Options. DCC has heretofore reserved an aggregate of 31,000 shares of its Old Class B Common Stock and 31,000 shares of its Class C Common Stock for issuance upon the exercise of options granted and to be granted under its 1996 Stock Option Plan, as amended (the "Plan"). At the Effective Time, Old Class B Common Stock shall be redesignated as New Class D Common Stock. The aggregate number of shares of New Class D Common Stock (formerly Old Class B Common Stock) reserved for issuance under the Plan shall be 33,000 shares. The number of shares of Class C Common Stock reserved for issuance under the Plan shall be 4,226 shares.
Appears in 3 contracts
Sources: Recapitalization Agreement (Dobson Communications Corp), Recapitalization Agreement (Dobson Communications Corp), Recapitalization Agreement (Dobson Communications Corp)