Shaw 2010 Annual Report Download - page 94

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Changes in Class A Share capital and Class B Non-Voting Share capital in 2010, 2009 and 2008
are as follows:
Number $ Number $
Class A Shares Class B Non-Voting Shares
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
Purchase of shares for cancellation – – (6,100,000) (33,007)
Stock option exercises – – 2,862,969 49,786
Issued in respect of an acquisition [note 2] – – 6,141,250 120,000
Share issue costs – – – (130)
August 31, 2010 22,520,064 2,468 410,622,001 2,248,030
During 2010 the Company purchased for cancellation 6,100,000 (2009 – 1,683,000; 2008 –
4,898,300) Class B Non-Voting Shares, pursuant to its outstanding normal course issuer bid or
otherwise, for $118,150 (2009 – $33,574; 2008 – $99,757). Share capital has been reduced by
the stated value of the shares amounting to $33,007 (2009 – $8,557; 2008 – $24,794) with the
excess of the amount paid over the stated value of the shares amounting to $85,143 (2009 –
$25,017; 2008 – $74,963) 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, 2010 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. The maximum number of Class B Non-Voting Shares issuable
under the plan may not exceed 52,000,000. To date, 14,104,585 Class B Non-Voting Shares have
been issued under the plan.
90
Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2010, 2009 and 2008
[all amounts in thousands of Canadian dollars except share and per share amounts]