Alerts and commentary regarding SEC filing activity by research specialists that monitor filings every day.

For customized on-demand research service, please visit www.wsb.com

Friday, March 4, 2011

Equity Registered Pursuant to Incentive Plan Evergreen Provisions

Most benefit plans cap the maximum number of units or shares that may be issued or sold under the plan, but an "evergreen" provision allows this number to increase annually.  Such increase typically happens on the first day of each fiscal year, often by an amount specified by formula.  Issuers that recently have registered additional shares pursuant to such evergreen provisions include:

athenahealth, Inc. Form S-8 on March 4 (SEC file no. 333-172619, Counsel: Goodwin Procter LLP, Boston)

LoopNet, Inc. Form S-8 on March 3 (333-172589, Counsel: Orrick, Herington and Sutcliffe, LLP, San Francisco)

Blackstone Group L.P. S-8 on February 25 (333-172451, Counsel: Simpson Thacher & Bartlett LLP, New York)

No comments:

Post a Comment