Shaw 2012 Annual Report Download - page 100

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Shaw Communications Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
August 31, 2012 and 2011
[all amounts in millions of Canadian dollars except share and per share amounts]
Changes in Class A Share capital and Class B Non-Voting Share capital in 2012 and 2011 are
as follows:
Class A Shares Class B Non-Voting Shares
Number $ Number $
September 1, 2010 22,520,064 2 410,622,001 2,248
Stock option exercises – – 2,690,118 51
Dividend reinvestment plan – – 1,904,229 39
August 31, 2011 22,520,064 2 415,216,348 2,338
Stock option exercises – – 969,803 19
Dividend reinvestment plan – – 5,002,546 98
August 31, 2012 22,520,064 2 421,188,697 2,455
Series A Preferred Shares
The Cumulative Redeemable Rate Reset Preferred Shares, Series A (“Series A Preferred
Shares”) are classified as equity since redemption, at $25.00 per Series A Preferred Share, is
at the Company’s option and payment of dividends is at the Company’s discretion.
Share transfer restriction
The Articles of the Company empower the directors to refuse to issue or transfer any share of
the Company that would jeopardize or adversely affect the right of Shaw Communications Inc.
or any subsidiary to obtain, maintain, amend or renew a license to operate a broadcasting
undertaking pursuant to the Broadcasting Act (Canada).
17. SHARE-BASED COMPENSATION
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
ten years from the date of grant. Options granted up to August 31, 2012 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. As at August 31, 2012,
17,764,506 Class B Non-Voting Shares have been issued under the plan.
96