Tucows 2012 Annual Report Download - page 72

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67
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
RELATED STOCKHOLDER MATTERS
The following table sets forth the beneficial ownership of our common stock, as of March 5, 2013, by each of
our chief executive officer, our two other most highly compensated executive officers, as well as by all of our directors
and executive officers as a group. The information on beneficial ownership in the table and related footnotes is based
upon data furnished to us by, or on behalf of, the persons referred to in the table. Unless otherwise indicated in the
footnotes to the table, each person named has sole voting power and sole investment power with respect to the shares
included in the table.
Beneficial Ownership of Common Stock
Name
Common
Stock
Beneficially
Owned
Excluding
Options
Stock Options
Exercisable
within 60
Days of
March 5, 2013
Total
Common
Stock
Beneficially
Owned
Percent of
Class(1)
Elliot Noss 820,254(2) 2,392,554 3,212,808 7.5%
Michael Cooperman 148,850(3) 1,039,225 1,188,075 2.9%
David Woroch 260,000 307,750 567,750 1.4%
Stanley Stern 213,850 182,500 396,350 *
Eugene Fiume 5,000 110,000 115,000 *
Erez Gissin 15,000 140,000 155,000 *
Joichi Ito
—
105,000 105,000 *
Allen Karp 40,000(4) 207,500 247,500 *
Lloyd Morrisett 120,000(5) 227,500 347,500 *
Rawleigh Ralls 4,250,000(6) 115,000 4,365,000 10.8%
Jeffrey Schwartz 15,000 197,500 212,500 *
All directors and executive officers as a
group (13 persons) 5,888,154 5,500,029 11,388,183 24.9%
* Less than 1%.
(1) Based on 40,213,850 shares outstanding as of March 5, 2013, adjusted for shares of common stock beneficially
owned but not yet issued.
(2) Includes an aggregate of 786,883 shares of common stock that are indirectly owned by Mr.
N
oss. Of these
shares, Mr. Noss and his wife share investment and voting power over 90,072 shares held in three RRSP
accounts belonging to Mr. Noss’ wife, 589,942 shares are held in Mr.
N
oss’ RRSP accounts and 106,869 shares
are held by two separate family trusts for which Mr. Noss is the trustee.
(3) Includes 148,750 shares of common stock that are held in Mr. Cooperman’s RRSP account.
(4) These shares of common stock are directly owned by Mr. Karp’s wife.
(5) These shares of common stock are owned jointly by Dr. Morrisett and his wife.
(6) Includes an aggregate of 4,250,000 shares of common stock that are indirectly owned by Mr. Ralls. Of these
shares, 225,000 shares are held in Mr. Ralls’ IRA account, 25,000 shares are held in Mrs Ralls’ IRA accoun
t
and 4,000,000 are held by Lacuna Hedge Fund LLLP (“Lacuna Hedge”) and are indirectly owned by
Lacuna, LLC (“Lacuna LLC”) and Lacuna Hedge GP LLLP (“Lacuna Hedge GP”). Lacuna LLC is the sole
general partner of Lacuna Hedge GP, which is the sole general partner of Lacuna Hedge. Neither Lacuna LLC
nor Lacuna Hedge GP directly owns any securities of the Company. Each of Lacuna LLC and Lacuna
Hedge GP disclaims beneficial ownership of the shares held by Lacuna Hedge, except to the extent of its
pecuniary interest therein. Mr. Ralls is a member of Lacuna LLC. Mr. Ralls disclaims beneficial ownership o
f
the shares held by Lacuna Hedge, except to the extent of his pecuniary interest therein.