Shutterfly 2010 Annual Report Download - page 78
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Please find page 78 of the 2010 Shutterfly annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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a monthly basis over the following three years. Option holders under the 2006 Plan are allowed to exercise options prior to vesting.
At the time of adoption of the 2006 Plan, there were 1,358,352 shares of common stock authorized for issuance under the 2006 Plan, plus
92,999 shares of common stock from the 1999 Plan that were unissued. The 2006 Plan provides for automatic replenishments on January 1 of
2008, 2009, and 2010, of the lesser of a) 4.62% of common stock issued and outstanding on the December 31 immediately prior to the date of
increase or b) a lesser number as determined by the Board.
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