Ingram Micro 1999 Annual Report Download - page 52

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5500
Ingram Micro
Annual Report
In addition, the Company granted, pursuant to the Stock Purchase Plan, 107,000 restricted shares of Class B Common Stock
to certain officers and employees of the Company.These shares generally vest over four years. Prior to vesting, these restricted
shares are subject to forfeiture to the Company without consideration upon termination of employment.At January 1, 2000,
10,000 of such shares have been forfeited to the Company. Unearned compensation in the amount of $714 related to the restricted
shares is recorded as a separate component of stockholders’ equity and is amortized to noncash compensation over the vesting
period.The amount amortized to noncash compensation in 1999, 1998 and 1997 was $88, $170 and $276, respectively.
The detail of changes in the number of issued and outstanding shares of Class A Common Stock, Class B Common Stock,
and Redeemable Class B Common Stock for the three year period ended January 1, 2000, is as follows:
Common Stock
Class B
Class A Class B Redeemable
December 28, 1996 25,047,696 106,583,362 2,460,400
Stock options exercised 3,084,603
Repurchase of Redeemable Class B Common Stock (90,000)
Forfeiture of restricted Class B Common Stock (5,000)
Conversion of Class B Common Stock
to Class A Common Stock 9,234,090 (9,234,090)
January 3, 1998 37,366,389 97,344,272 2,370,400
Stock options exercised 4,992,264
Repurchase of Redeemable Class B Common Stock (92,900)
Conversion of Class B Common Stock
to Class A Common Stock 24,162,062 (24,162,062)
Vesting of Redeemable Class B Common Stock 1,161,250 (1,161,250)
January 2, 1999 66,520,715 74,343,460 1,116,250
Stock options exercised 1,673,621
Repurchase of Redeemable Class B CommonStock (15,270)
Conversion of Class B Common Stock
to Class A Common Stock 2,163,569 (2,163,569)
Vesting of Redeemable Class B Common Stock 558,125 (558,125)
Issuance of Class A Common Stock Related
to Employee Stock Purchase Plan 582,362
Grant of Restriced Class A Common Stock 272,250
January 1, 2000 71,212,517 72,738,016 542,855