Shaw 2013 Annual Report Download - page 100

S
haw
C
ommunications Inc
.
N
O
TE
S
T
OCO
N
SO
LIDATED FINAN
C
IAL
S
TATEMENT
S
August 31, 2013 and 201
2
[all amounts in millions of Canadian dollars exce
p
t share and
p
er share amounts
]
Changes in Class A Share capital and Class B Non-Voting Share capital in 2013 and 2012 ar
e
as follows
:
C
lass A Shares Class B Non-Voting Share
s
N
umber $ Number
$
S
e
p
tember
1
,
2011
22,
5
20,06
4
2
4
1
5
,216,3
4
8 2,338
S
tock opt
i
on exerc
i
ses – –
969
,
803 19
Dividend reinvestment plan – – 5,002,546 98
A
u
g
ust 31, 201
2
2
2,520,064 2 421,188,697 2,45
5
S
tock option exercises – – 3,564,856 79
D
i
v
i
dend re
i
nvestment
p
lan – – 5,55
2
,
989 126
A
ugust 31, 201
3
2
2
,
520
,
064 2 430
,
306
,
542 2
,
66
0
Se
ri
es
APr
efe
rr
ed S
h
a
r
es
The
C
umulat
i
ve Redeemable Rate Reset Pre
f
erred
S
hares
,S
er
i
es A
(“S
er
i
es A Pre
f
erre
d
S
hares”
)
represent a ser
i
es o
f
class
2
pre
f
erred shares and are class
ifi
ed as equ
i
ty s
i
nce
redemption, at
$
25.00 per Series A Preferred Share, is at the Company’s option and paymen
t
of
d
i
v
i
dends
i
s at the
C
om
p
an
y
’s d
i
scret
i
on.
S
hare transfer restriction
The Articles of the Company empower the directors to refuse to issue or transfer any share o
f
t
he
C
om
p
an
y
that would
j
eo
p
ard
i
ze or adversel
y
a
ff
ect the r
ig
ht o
fS
haw
C
ommun
i
cat
i
ons Inc.
o
r any subs
i
d
i
ary to obta
i
n, ma
i
nta
i
n, amend or renew a l
i
cense to operate a broadcast
i
ng
u
ndertaking pursuant to the Broadcasting Act (Canada)
.
17. SHARE-BASED COMPENSATION
S
tock o
p
tion
p
la
n
U
nder a stock option plan, directors, officers, employees and consultants of the Company ar
e
eli
g
ible to receive stock o
p
tions to ac
q
uire Class B Non-Votin
g
Shares with terms not to excee
d
t
en
y
ears
f
rom the date o
fg
rant.
Op
t
i
ons
g
ranted u
p
to Au
g
ust
31
,
2013
vest evenl
y
on th
e
anniversary dates from the original grant date at either 25% per year over four years or 20% per
y
ear over five
y
ears. The o
p
tions must be issued at not less than the fair market value of th
e
C
lass B Non-Vot
i
n
gS
hares at the date o
fg
rant. The max
i
mum number o
fC
lass B Non-Vot
i
n
g
Shares issuable under the plan may not exceed 52,000,000. As at August 31, 2013
,
21,329,362 Class B Non-Votin
g
Shares have been issued under the
p
lan
.
96