Clearwire 2009 Annual Report Download - page 100

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t
o contr
ib
ute to C
l
earw
i
re
i
ts C
l
earw
i
re Commun
i
cat
i
ons Vot
i
ng Interests
i
nexc
h
ange
f
or an equa
l
num
b
er o
f
s
h
ares
of Clearwire’s Class B common stock, par value
$
0.0001 per share, which we refer to as Class B Common Stock.
Un
d
er t
h
e Investment A
g
reement,
i
nexc
h
an
g
e
f
or t
h
e purc
h
ase
by
Spr
i
nt, Comcast, T
i
me Warner Ca
bl
ean
d
Bright House of Clearwire Communications Class B Common Interests and Clearwire Communications Voting
Interests in amounts exceeding certain amounts stipulated in the Investment Agreement, Clearwire Communica-
ti
ons a
g
ree
d
to pa
y
a
f
ee, w
hi
c
h
we re
f
er to as an Over A
ll
otment Fee, equa
l
to t
h
e
f
o
ll
ow
i
n
g
amounts. Suc
hf
ee
i
s
p
a
y
able in cash, or Clearwire Communications Class B Common Interests and Clearwire Communications Votin
g
Interests, at the option of the Participating Equityholder:
I
nvesto
r
O
ver Allotment Fee
S
p
rint
.
.......................................................
.
$
18
,
878
,
934
C
omcast
.
......................................................
$
3,13
5
,91
1
T
ime Warner Cabl
e
...............................................
$
1
,6
5
9,287
B
r
igh
t House
.
..................................................
$
315,325
At t
h
e Secon
d
Investment C
l
os
i
n
g
,C
l
earw
i
re Commun
i
cat
i
ons
d
e
li
vere
d
a port
i
on o
f
t
h
e Over A
ll
otment Fee,
$
6.9 million in cash and $9.5 million in Clearwire Communications Class B Common Interests, valued at $7.33
p
e
r
i
nterest, and an equal number of Clearwire Communications Voting Interests to Sprint,
$
2.7 million in cash t
o
Comcast,
$
1.4 million in cash to Time Warner Cable and
$
275,000 in cash to Bri
g
ht House. The remainin
g
Over
A
llotment Fee of $3.2 million will be
p
aid in cash or Clearwire Communications Class B Common Interests an
d
C
l
earw
i
re Commun
i
cat
i
ons Vot
i
ng Interests at t
h
eT
hi
r
d
Investment C
l
os
i
ng
.
I
mmediately after the Third Investment Closing, Sprint will own 71.
5
% of the Class B Common Stock
,
Comcast will own 11.9% of the Class B Common Stock, Time Warner Cable will own
6
.2% of the Class B Common
S
tock, Bri
g
ht House will own 1.1% of the Class B Common Stock, Intel will own 8.9% of the Class B Commo
n
S
tock and Eagle River will own 0.4% of the Class B Common Stock. These percentages include 1,287,78
5
of
C
l
earw
i
re Commun
i
cat
i
ons C
l
ass B Common Interests an
d
C
l
earw
i
re Commun
i
cat
i
ons Vot
i
n
g
Interests to
b
e
i
ssued to Sprint, as Sprint has a
g
reed to accept half of its Over Allotment Fee in Clearwire Communications Class B
Common Interests.
Cl
earw
i
re
h
o
ld
sa
ll
o
f
t
h
e outstan
di
ng C
l
earw
i
re Commun
i
cat
i
ons non-vot
i
ng C
l
ass A equ
i
ty
i
nterests, w
hi
c
h
we re
f
er to as C
l
earw
i
re Commun
i
cat
i
ons C
l
ass A Common Interests, an
d
a
ll
t
h
e outstan
di
ng C
l
earw
i
re Com-
m
unications Votin
g
Interests, representin
g
21.1% of the economics and 100% of the votin
g
ri
g
hts of Clearwir
e
Communications as of December 31
,
2009
.
T
he following table lists the interests in Clearwire as of December 31, 2009:
I
n
ves
t
o
r
C
lass
A
C
ommon
S
toc
k
C
lass A Commo
n
S
tock
%
O
utstand
i
ng
C
lass B
C
ommon
S
tock
(
1
)
Class B Common
S
tock
%
O
utstand
i
ng Tota
l
Total
%
O
utstand
i
n
g
S
p
rin
t
........... —
—
5
24,732,
5
33 71.
5
%
5
24,732,
5
33
5
6.4%
C
omcast
.......... — —
87
,
367
,
362 11.9% 87
,
367
,
362 9.4
%
Time Warner Cable . . — — 4
5
,807,398 6.2% 4
5
,807,398 4.9
%
Br
igh
t House
...... — —
8
,3
6
4,243 1.1% 8,3
6
4,243 0.9
%
Intel
.
............
3
6
,
666
,
666 18.6% 65
,
354
,
820 8.9% 102
,
021
,
486 11.0%
Ea
gl
eR
i
ver
.
......
35
,922,9
5
8 18.3% 2,612,
5
16 0.4% 38,
5
3
5
,474 4.1
%
Goog
l
e Inc. .
......
29,411,765 14.9% — — 29,411,765 3.1
%
O
ther Shareholders . . 94
,
177
,
091 47.9% — — 94
,
177
,
091 10.1
%
C
WIn
v
estment
H
oldings LLC . . . . 588,235 0.3% — — 588,235 0.1
%
1
96,766,71
5
100.0% 734,238,872 100.0% 931,00
5
,
5
87 100.0
%
90
CLEARWIRE CORPORATION AND
S
UB
S
IDIARIE
S
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS —
(
Continued
)