Under Armour 2007 Annual Report Download - page 34

exercise of stock options, the 2005 Stock Plan authorizes the issuance of restricted and unrestricted shares of our
Class A Common Stock, restricted stock units and other equity awards (see Note 12 to the Consolidated
Financial Statements for information required by this Item regarding the material features of each such plan).
The number of securities issued under equity compensation plans not approved by security holders includes
480,000 fully vested and non-forfeitable warrants granted in 2006 to NFL Properties LLC as partial consideration
for footwear promotional rights (see Note 12 to the Consolidated Financial Statements for a further discussion on
the warrants).
Recent Sales of Unregistered Equity Securities
From October 24, 2007 through January 25, 2008, we issued 66,625 shares of Class A Common Stock upon
the exercise of previously granted stock options to employees under our 2000 Stock Plan at a weighted average
exercise price of $3.12 per share, for an aggregate amount of consideration of $0.2 million. The following
issuances of Class A Common Stock were made on the dates indicated at exercise prices totaling the aggregate
amount of consideration set forth in the following table:
Date
Number
of Shares
Issued
Aggregate
Amount of
Exercise
Price
October 24, 2007 ................................................. 2,500 $ 417
November 1, 2007 ................................................ 250 662
November 2, 2007 ................................................ 750 1,988
November 6, 2007 ................................................ 1,200 3,180
November 7, 2007 ................................................ 300 795
November 12, 2007 ............................................... 5,000 833
November 13, 2007 ............................................... 5,000 833
November 16, 2007 ............................................... 650 1,723
November 30, 2007 ............................................... 3,000 7,950
December 11, 2007 ............................................... 30,000 63,300
January 18, 2008 ................................................. 10,000 107,700
January 22, 2008 ................................................. 1,000 2,650
January 24, 2008 ................................................. 1,975 5,234
January 25, 2008 ................................................. 5,000 10,550
66,625 $207,815
The issuances of securities described above were made in reliance upon Section 4(2) under the Securities
Act in that any issuance did not involve a public offering or under Rule 701 promulgated under the Securities
Act, in that they were offered and sold either pursuant to written compensatory plans or pursuant to a written
contract relating to compensation, as provided by Rule 701.
Stock Performance Graph
The stock performance graph below compares cumulative total return on Under Armour, Inc. Class A
Common Stock from November 18, 2005 (the date of Under Armour’s initial public offering) through
December 31, 2007 to the cumulative total return of the NASDAQ Market Index, NYSE Market Index and the
Hemscott Group Textile-Apparel Clothing Index for the same period. As the Company began listing its Class A
Common Stock on the NYSE beginning on December 18, 2006, the Company has changed its comparative
market index to the NYSE Market Index. Both market indices have been included below pursuant to Securities
and Exchange Commission rules. The graph assumes an initial investment of $100 in Under Armour and each
index as of November 18, 2005 and reinvestment of any dividends. The graph assumes the initial value of Under
Armour’s Class A Common Stock on November 18, 2005 of $25.30, which was the closing price on its first day
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