TiVo 2008 Annual Report Download - page 39

Download and view the complete annual report

Please find page 39 of the 2008 TiVo 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.

Page out of 110

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110

Table of Contents
Recent Sales of Unregistered Securities
On August 23, 2001, five-year warrants were issued to convertible noteholders and bankers to purchase 2,192,404 shares of TiVo's common stock at an
exercise price of $7.85. On August 28, 2006, several of these holders exercised their warrants resulting in the issuance of 424,150 shares of TiVo's common
stock, pursuant to the terms of the agreement, and net proceeds of approximately $3.3 million. The balance of the warrants that would have resulted in the
issuance of 1,768,254 shares of TiVo Inc. common stock expired unexercised.
Four-year warrants were issued to certain institutional investors on October 8, 2002 to purchase 1,323,120 shares of the Company's common stock at an
exercise price of $5.00 with an expiration date of October 8, 2006. In September 2006, we had a cashless exercise of these warrants resulting in the issuance
of 484,231 shares of our common stock.
Purchases of Equity Securities
We have reacquired shares of stock from employees, upon the vesting of restricted stock that was granted under our 1999 Employee Incentive Plan.
These shares were forfeited by the employees, and reacquired by us to satisfy the employees' minimum statutory tax withholding which is required on
restricted stock once they become vested and are shown in the following table:
Period
(a) Total Number of
Shares Purchased
(b) Average Price
Paid per share
(c) Total Number of
Share Purchased
as Part of Publicly
Announced Plans
or Programs
(d) Maximum
Number (or
Approximate Dollar
Value) of Shares
that May Yet be
Purchased Under
the Plans or
Programs
March 1 through March 31, 2008 38,415 $ 8.67 — $ —
April 1 through April 30, 2008 13,525 $ 8.86 — $ —
June 1 through June 30, 2008 7,150 $ 6.34 — $ —
July 1 through July 31, 2008 30,450 $ 6.09 — $ —
September 1 through September 30, 2008 16,473 $ 7.83 — $ —
— $ —
The Company will continue to reacquire shares of stock from employees as their restricted stock grants vest.
36