Blackberry 2014 Annual Report Download - page 66

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58
“Senior Creditor” means a holder or holders of Specified Senior Indebtedness and includes any representative or representatives
or trustee or trustees of any such holder or holders; and
“Specified Senior Indebtedness” means, without duplication, the Indebtedness under the Company’s existing asset-backed lending
facility and such other indebtedness as the Company shall designate as “Specified Senior Indebtedness” by notice to the Trustee
in writing; provided that the aggregate principal amount of Specified Senior Indebtedness shall not exceed $550,000,000 at any
one time outstanding; provided, further, that all Specified Senior Indebtedness must constitute:
(j) Indebtedness referred to in paragraphs (a) and (b) of the definition of Indebtedness above;
(k) renewals, extensions, restructurings, refinancings and refundings of any such Indebtedness; and
(l) guarantees of any of the foregoing.
MARKET FOR SECURITIES OF THE COMPANY
The Company’s common shares are listed and posted for trading on the Toronto Stock Exchange under the symbol “BB” and
are listed on the NASDAQ Global Select Market under the symbol “BBRY”. The volume of trading and price ranges of the
Company’s common shares on the Toronto Stock Exchange and the NASDAQ Global Select Market during the previous fiscal
year are set out in the following table:
Common Shares – TSX Common Shares – NASDAQ
Month Price Range
(CDN $) Average Daily
Volume Price Range
(US $) Average Daily
Volume
March 2013 $12.90-$17.22 7,484,160 $12.55-$16.82 59,641,080
April 2013 $13.43-$16.72 4,221,518 $13.10-$16.59 30,812,068
May 2013 $14.33-$16.63 3,748,182 $13.83-$16.49 24,047,632
June 2013 $10.75-$15.79 4,024,000 $10.25-$15.09 26,902,725
July 2013 $8.80-$10.85 2,444,864 $8.57-$10.62 19,794,432
August 2013 $9.03-$12.59 2,931,133 $8.72-$12.18 28,756,964
September 2013 $7.99-$12.07 4,160,480 $7.75-$11.65 33,922,255
October 2013 $7.75-$8.84 1,841,995 $7.51-$8.45 15,394,787
November 2013 $6.25-$8.38 1,821,871 $5.98-$8.04 20,319,500
December 2013 $5.79-$8.28 2,295,430 $5.44-$7.80 25,399,986
January 2014 $7.79-$12.03 4,031,968 $7.33-$10.85 35,179,738
February 2014 $9.83-$12.07 3,447,979 $8.92-$10.76 23,899,695
DIRECTORS AND EXECUTIVE OFFICERS
As at the date hereof, the Company currently has a Board comprised of seven persons. Pursuant to a special resolution of
shareholders, the directors are authorized from time to time to increase the size of the Board and to fix the number of directors,
up to the maximum of 15 persons, as currently provided under the articles of the Company, without the prior consent of the
shareholders.
On March 28, 2013, the Company announced the retirement of Mike Lazaridis, Vice Chair and director effective May 1, 2013.
On the closing of the Debenture Financing on November 13, 2013, John S. Chen was appointed Interim Chief Executive
Officer and Executive Chair of the Board. On the same day, Prem Watsa rejoined the Board as lead independent director and
Chair of the Compensation, Nomination and Governance Committee (after having resigned as a director on August 12, 2013, in
connection with the formation of the Special Committee to explore strategic alternatives), and the Company announced the
resignations of Thorsten Heins as President and Chief Executive Officer and a director, and David Kerr as a director.
On November 25, 2013, the Company announced the resignation of Roger Martin as a director, and the departures of Kristian
Tear, Chief Operating Officer, and Frank Boulben, Chief Marketing Officer. On the same day, the Company announced that
James Yersh had replaced Brian Bidulka as its Chief Financial Officer. Mr. Bidulka was retained as a special advisor to the
Chief Executive Officer for the remainder of fiscal 2014 to assist with the transition. The Company also announced the
following executive officer appointments during fiscal 2014: on December 17, 2013, John Sims as President, Global Enterprise
Services; on December 18, 2013, James S. Mackey as Executive Vice President for Corporate Development and Strategic
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