NetSpend 2011 Annual Report Download - page 57
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Table of Contents
PART III
Certain information required by Part III is omitted from this Annual Report on Form 10-K and will be included in the definitive proxy
statement that we will file with the Securities and Exchange Commission in connection with our 2012 meeting of stockholders. We will file our
2012 proxy statement (the "Proxy Statement") not later than April 29, 2012.
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
The information required by this Item will be included in our Proxy Statement and is incorporated herein by reference.
ITEM 11. EXECUTIVE COMPENSATION
The information required by this Item will be included in our Proxy Statement and is incorporated herein by reference.
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED
STOCKHOLDER MATTERS
The information required by this Item will be included in our Proxy Statement and is incorporated herein by reference.
Equity Compensation Plan Information
In October 2010, the compensation committee of the Company's board of directors adopted a new equity incentive plan, the NetSpend
Holdings, Inc. 2004 Equity Incentive Plan (the "2004 Plan"), which amended and replaced our prior option plan. As of December 31, 2011, the
Company had reserved 25,104,980 shares of its common stock for issuance under the 2004 Plan. The number of shares reserved for issuance
under the 2004 Plan will increase annually by a number of shares equal to the lesser of (1) 3% of the total outstanding shares of the Company's
capital stock immediately prior to the increase, (2) 3,000,000 or (3) such lesser amount as is determined by our board of directors. The 2004
Plan authorizes the award of stock options, stock appreciation rights, restricted stock awards, performance units and other equity-
based awards.
In 2011, the Company granted 1,743,629 options and issued 15,269 shares of restricted stock under the 2004 Plan.
The following table provides information as of December 31, 2011, with respect to shares of our common stock that may be issued,
subject to certain vesting requirements, under the 2004 Plan:
53
A B C
Number of securities
to be issued upon the
exercise of
outstanding options
and warrants
Weighted-average
exercise price of
outstanding options
and warrants
Number of securities
remaining available for
future issuance under
equity compensation
securities reflected in
column (A)
Equity compensation plans
approved by security holders
11,397,710
$
5.31
3,939,834
Equity compensation plans not
approved by security holders
—
—
—
Total
11,397,710
$
5.31
3,939,834