Estimated potential contract value, representing management's estimate of value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and
unexercised options, was $33.9 billion.
Additionally, the task order contains three
unexercised options and one planned modification, which if exercised would raise cumulative task order value to $41,868,747.
When a bonus is paid in the form of stock or stock options, the company can require executives to repay any undisposed shares and
unexercised options and take away unvested restricted stock and performance shares.
The value of the total deal consideration was approximately USD 629.2 million, which is based upon the closing price of the company's common stock on June 29, 2018, the last trading day prior to the closing, and includes approximately USD 28.0 million of aggregate cash consideration payable to holders of
unexercised options exercisable for shares of Grandpoint common stock.
In addition, Independent Bank Group paid approximately USD 900,000 in cash to certain option holders to cash out
unexercised options to purchase shares of Integrity Bancshares common stock.
In addition, Independent Bank Group paid approximately $900 thousand in cash to certain option holders to cash out
unexercised options to purchase shares of Integrity Bancshares common stock.
Typically, all
unexercised options (whether vested or unvested) lapse.
Earlier obligated funds won't be touched, making the 2013 landing a bit easier, but this approach will make the out years much tougher, especially for
unexercised options and new procurement runs of existing programs.
Figures are for 40-man rosters and include salaries and prorated shares of signing bonuses, earned incentive bonuses, non-cash compensation, buyouts of
unexercised options and cash transactions.
The contract also contains two
unexercised options which, if exercised, would increase the cumulative value to $14,872,292.
Additionally, executives who years ago received option grants often hold
unexercised options or shares of their company stock obtained from previous exercises.
In addition, Secure Computing expects to assume all outstanding and
unexercised options to purchase CyberGuard common stock.
