Earthlink 2006 Annual Report Download - page 105

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Item 11.
Executive Compensation.
Information relating to compensation of our directors and executive officers will be set forth under the captions “Proposal 1-Election of
Directors-Director Compensation” and “Executive Compensation” in our Proxy Statement referred to in Item 10 above or in a subsequent
amendment to this Report. Such information is incorporated herein by reference, except for the information set forth under the caption
“Executive Compensation—Leadership and Compensation Committee Report,” which specifically is not so incorporated by reference.
Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
Information regarding security ownership of certain beneficial owners and management of our voting securities will be set forth under the
caption “Beneficial Ownership of Common Stock” in our Proxy Statement referred to in Item 10 above or in a subsequent amendment to this
Report on Form 10-K. Such information is incorporated herein by reference.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table sets forth information as of December 31, 2006 concerning the shares of our common stock which are authorized for
issuance under our equity compensation plans:
(1)
This number includes shares available by plan as follows:
The grants of 1.2 million restricted stock units and 28,989 phantom share units have been deducted from the number of securities available
for future issuance.
(2)
Pursuant to our merger agreement with New Edge Holding Company, we were required to grant options to purchase up to 657,000 shares
of our Common Stock to New Edge employees. These options were “inducement grants” to new employees in connection with our
acquisition of New Edge that qualified under the “inducement grant exception” to the shareholder approval requirement of NASD
Marketplace Rule 4350(i)(1)(A). In connection with the closing, the Leadership and
104
Number of Securities
Remaining Available for
Number of Securities
Weighted Average
Future Issuance Under
to Be Issued on Exercise
Exercise Price of
Equity Compensation Plans
of Outstanding Options
Outstanding Options
(Excluding Securities
and Warrants
and Warrants
Reflected in Column (a))
Plan Category
(a)
(b)
(c)
Equity Compensation Plans Approved
By Stockholders
20,470,236
(2)
$
11.27
10,781,370
(1)
Equity Compensation Plans
Not Approved By Stockholders
61,212
(3)
5.29
—
Total
20,531,448
11.25
10,781,370
Securities
Available
for
Future
Plan
Issuance
EarthLink, Inc. 2006 Equity and Cash Incentive Plan
9,514,500
EarthLink, Inc. Stock Incentive Plan
874,502
EarthLink, Inc. Equity Plan for Non-Employee Directors
392,368
10,781,370