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22 GOOGLE INC.
PART II
ITEM5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Results of Google’s Transferable Stock Option (TSO) Program
UnderourTSOprogram,eligibleemployeeswereabletosellvestedstockoptionstoparticipatingnancialinstitutionsin
anonlineauctionasanalternativetoexercisingoptionsinthetraditionalmethodandthensellingtheunderlyingshares.
TheTSOprogramwasdiscontinuedasofNovember29,2013.
The following table provides information with respect to sales by our employees of TSOs for the period from October 1,
2013toNovember29,2013,whichisthedatetheTSOprogramwasdiscontinued.
Period(1)
Aggregate Amounts Weighted-Average Per Share Amounts
Number of Shares
Underlying TSOs Sold
Sale Price
ofTSOs Sold
TSO
Premium(2)
Exercise Price
of TSOsSold
Sale Price
ofTSOs Sold
TSO
Premium(2)
(in thousands)
October 1 – 31 79,104 $47,600 $36 $415.67 $601.73 $0.46
November 1 – 29 50,621 32,957 22 390.62 651.06 0.44
Total(exceptweighted-average
per share amounts) 129,725 $80,557 $58 $405.90 $620.98 $0.45
(1) The TSO program was generally active during regular trading hours for the Nasdaq Global Select Market when our trading window was
open.However,wehadtherighttosuspendtheTSOprogramatanytimeforanyreason,includingformaintenanceandothertechnical
reasons.
(2) TSO premium was calculated as the difference between (a) the sale price of the TSO and (b) the intrinsic value of the TSO, which we define
astheexcess,ifany,ofthepriceofourClassAcommonstockatthetimeofthesaleovertheexercisepriceoftheTSO.
OurTSOprogramallowedparticipationbyexecutiveocers(otherthanLarryPage,SergeyBrin,andEricE.Schmidt).The
followingtableprovidesinformationwithrespecttosalesbyourexecutiveocersofTSOsfortheperiodfromOctober1,2013
to November 29, 2013, which is the date the TSO program was discontinued:
Executive Ocer
Aggregate Amounts
Number of Shares
Underlying TSOs Sold
Sale Price
ofTSOs Sold
TSO
Premium
(in thousands)
Patrick Pichette 4,330 $1,943 $ 0
Total 4,330 $1,943 $ 0
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