Shaw 2009 Annual Report Download - page 81

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Changes in Class A Share capital and Class B Non-Voting Share capital in 2009, 2008 and 2007
are as follows:
Number $ Number $
Class A Shares Class B Non-Voting Shares
August 31, 2006 22,583,864 2,475 407,299,808 1,974,491
Class A Share conversions (20,800) (2) 20,800 2
Purchase of shares for cancellation – – (4,408,400) (22,061)
Stock option exercises – – 5,678,963 95,398
Issued in respect of an acquisition – – 179,588 3,000
Share issue costs – – – (143)
August 31, 2007 22,563,064 2,473 408,770,759 2,050,687
Class A Share conversions (13,000) (2) 13,000 2
Purchase of shares for cancellation – – (4,898,300) (24,794)
Stock option exercises – – 1,997,193 35,065
August 31, 2008 22,550,064 2,471 405,882,652 2,060,960
Class A Share conversions (30,000) (3) 30,000 3
Purchase of shares for cancellation – – (1,683,000) (8,557)
Stock option exercises – – 3,488,130 58,975
August 31, 2009 22,520,064 2,468 407,717,782 2,111,381
During 2009 the Company purchased for cancellation 1,683,000 (2008 – 4,898,300; 2007 –
4,408,400) Class B Non-Voting Shares, pursuant to its outstanding normal course issuer bid or
otherwise, for $33,574 (2008 – $99,757; 2007 – $104,763). Share capital has been reduced by
the stated value of the shares amounting to $8,557 (2008 – $24,794; 2007 – $22,061) with the
excess of the amount paid over the stated value of the shares amounting to $25,017 (2008 –
$74,963; 2007 – $82,702) charged to retained earnings (deficit).
Stock option plan
Under a stock option plan, directors, officers, employees and consultants of the Company are
eligible to receive stock options to acquire Class B Non-Voting Shares with terms not to exceed
10 years from the date of grant. Options granted up to August 31, 2009 vest evenly on the
anniversary dates from the original grant date at either 25% per year over four years or 20% per year
over five years. The options must be issued at not less than the fair market value of the Class B Non-
Voting Shares at the date of grant. During the current year the plan was amended to increase the
maximum number of Class B Non-Voting Shares issuable under the plan by 20,000,000 to
52,000,000. To date, 11,241,616 Class B Non-Voting Shares have been issued under the plan.
77
Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2009, 2008 and 2007
[all amounts in thousands of Canadian dollars except share and per share amounts]