LeapFrog 2013 Annual Report Download - page 154
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Please find page 154 of the 2013 LeapFrog 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.(21) Calculated by multiplying the sales price as reported by the broker at the time of exercise on the date the
stock option was exercised, or $8.56 per share on September 4, 2013, by the number of shares exercised
less the option exercise price, calculated by multiplying the option exercise price of $2.75 per share by
the number of shares exercised.
(22) Calculated by multiplying the sales price as reported by the broker at the time of exercise on the date the
stock option was exercised, or $8.95 per share on September 5, 2013, by the number of shares exercised
less the option exercise price, calculated by multiplying the option exercise price of $3.79 per share by
the number of shares exercised.
(23) Calculated by multiplying the sales price as reported by the broker at the time of exercise on the date the
stock option was exercised, or $8.79 per share on September 5, 2013, by the number of shares exercised
less the option exercise price, calculated by multiplying the option exercise price of $3.79 per share by
the number of shares exercised.
(24) Calculated by multiplying the sales price as reported by the broker at the time of exercise on the date the
stock option was exercised, or $8.79 per share on September 5, 2013, by the number of shares exercised
less the option exercise price, calculated by multiplying the option exercise price of $2.75 per share by
the number of shares exercised.
(25) Calculated by multiplying the sales price as reported by the broker at the time of exercise on the date the
stock option was exercised, or $9.33 per share on September 6, 2013, by the number of shares exercised
less the option exercise price, calculated by multiplying the option exercise price of $4.04 per share by
the number of shares exercised.
(26) Calculated by multiplying the sales price as reported by the broker at the time of exercise on the date the
stock option was exercised, or $9.33 per share on September 6, 2013, by the number of shares exercised
less the option exercise price, calculated by multiplying the option exercise price of $3.79 per share by
the number of shares exercised.
(27) Calculated by multiplying the closing market price as reported on the NYSE of our Class A common
stock on the last trading day prior to the weekend vesting date of the stock award, or $9.67 per share on
June 14, 2013, by the number of shares acquired on vesting.
POTENTIAL PAYMENTS UPON TERMINATION OR CHANGE IN CONTROL
Our named executive officers are eligible to receive certain payments and benefits upon a termination
of employment or a change in control of the Company pursuant to various plans and agreements.
Messrs. Barbour, Arthur, Ahearn and Spalding are, and Mr. Dodd was, eligible to receive payments and
benefits under the terms of the severance and change-in-control provisions in their applicable employment
agreement or offer letter, as described below. Mr. Adams is eligible to receive certain payments and benefits in
the event of his termination of employment under specified circumstances, including in connection with a
change in control of LeapFrog, under our Employee Severance and Change-in-Control Benefit Plan, or the
Severance Plan.
The specific terms and conditions of these plans and agreements, and the estimated payments and benefits
for each of our named executive officers, are described below and are based on the assumption that a
triggering event occurred on December 31, 2013 and assume a price per share of our Class A common stock
of $7.94, which was the price of our Class A common stock reported by the NYSE at the close of market on
that day. With respect to the estimated or potential value of stock options that are accelerated and/or have
extended exercise periods in connection with a named executive officer’s termination of employment or a
change in control of LeapFrog, the actual value of the amount realized, if any, from their stock options will
depend upon the extent to which the market value of our Class A common stock exceeds the exercise price on
the date the option is exercised. Due to the number of factors that affect the nature and amounts of payments
and benefits provided upon the events discussed below, the amounts paid or distributed upon the actual
occurrence of a triggering event may be different from the amounts set forth below.
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