Clearwire 2008 Annual Report Download - page 132

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21.
S
ubse
q
uent Event
s
Upon consummat
i
on o
f
t
h
e Transact
i
ons, t
h
e Investors or
i
g
i
na
ll
y purc
h
ase
d
s
h
ares o
f
C
l
earw
i
re C
l
ass A
Common Stoc
k
,C
l
earw
i
re C
l
ass B Common Stoc
k
an
d
C
l
earw
i
re Commun
i
cat
i
ons C
l
ass B Common Interests, at a
p
rice of
$
20.00 per share or interest, as applicable. In accordance with the original terms of the Transactio
n
A
greement, the purchase price paid by the Investors was subject to a post-closing adjustment to between
$
17.00 and
$
23.00 per share or interest, as applicable. On Februar
y
26, 2009, the final purchase price was determined based on
t
he volume wei
g
hted avera
g
e share price of the Clearwire Class A Common Stock on the NASDAQ Global Selec
t
Market over 1
5
randomly-selected trading days during the 30-trading day period ending on and including th
e
t
radin
g
da
y
prior to Februar
y
2
6
, 2009. Based on our tradin
g
price durin
g
the period, the final purchase price to be
p
aid b
y
the Investors was established to be $17.00 per share or interest, as applicable.
T
he number of additional shares issued to the Investors on Februar
y
26, 2009 was as follows
:
I
nvesto
r
C
lass A
C
ommon
S
toc
k
C
lass
B
C
ommon
S
toc
k
C
lass
B
C
ommon Interests
C
omcast Cor
p
oration
...................... —
9,264,70
5
9,264,70
5
Ti
me Warner
C
a
bl
e Inc.
................... —
4,852,941 4,852,94
1
B
r
igh
t House Networ
k
s,LLC ...............
8
82
,
353 882
,
353
I
nte
l
Corporat
i
on
.
........................
8
,
823
,
530 8
,
823
,
530
Goog
l
e
.
..............................
.
4,
411
,
76
5
——
Tota
l
..................................
4
,411,76
5
23,823,
5
29 23,823,
5
29
I
n addition, on Februar
y
27, 2009, the Compan
y
sold 588,235 shares of Clearwire Class A Common Stock t
o
CW Investment Holdin
g
s, at a price of $17.00 per share, pursuant to the Transaction A
g
reement, dated as of Ma
y
7,
2
008.
120
CLEARWIRE CORPORATION AND
S
UB
S
IDIARIE
S
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)