NetSpend 2011 Annual Report Download - page 58
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Table of Contents
The number of shares reserved for issuance under the 2004 Plan increased by 2,332,015 on January 1, 2012 and there were 6,271,849
shares available for future awards under this Plan on January 1, 2012.
Employee Stock Purchase Plan Information
In October 2011, the board of directors of the Company approved an employee stock purchase plan (the "Stock Purchase Plan"). Subject
to certain limitations, the Stock Purchase Plan enables eligible employees to utilize after-tax payroll deductions to purchase shares of
Company's common stock at the lesser of 85% of its fair market value on the first or last business day of each quarterly purchase period (six
months with respect to the first purchase period in 2012). A total of 2,000,000 of the Company's treasury shares have been reserved for
issuance under this plan. This plan will be submitted to the Company's stockholders for approval in 2012. No shares will be issued under the
Stock Purchase Plan if it is not so approved.
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
The information required by this Item will be included in our Proxy Statement and is incorporated herein by reference.
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES
The information required by this Item will be included in our Proxy Statement and is incorporated herein by reference.
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