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Post by robbmo on Aug 7, 2018 16:03:27 GMT -5
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Post by caesar on Aug 7, 2018 16:06:29 GMT -5
21,442,045 shares @ $1.05 for the 2018 Equity Incentive Plan
3,000,000 shares @ $1.05 for the 2004 Employee Stock
Just filed
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Post by caesar on Aug 7, 2018 16:09:16 GMT -5
No reverse split or further question about managements commitment. What's NEXT?
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Post by Omega on Aug 7, 2018 16:09:50 GMT -5
| | | Title of securities
to be registered | | Amount
to be registered
(1) | | Proposed
maximum offering
price per share (4) | | Proposed
maximum aggregate
offering price (4) | | Amount of
registration fee | | Common Stock issuable under the 2018 Equity Incentive Plan
($0.01 par value per share) | | 21,442,045 shares (2) | | $1.05 | | $22,514,148 | | $2,803.02 | | Common Stock issuable under the 2004 Employee Stock Purchase
Plan ($0.01 par value per share) | | 3,000,000 shares (3) | | $1.05 | | $3,150,000 | | $392.18 | | | | |
(1) Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of the Registrant’s Common Stock (“Common Stock”) that become issuable under the MannKind Corporation 2018 Equity Incentive Plan (the “2018 Plan”) and the MannKind Corporation 2004 Employee Stock Purchase Plan (the “2004 ESPP”) by reason of any stock dividend, stock split, recapitalization or other similar transaction. (2) Such maximum number of shares reserved for issuance under the 2018 Plan consists of (1) 12,000,000 newly reserved shares and (2) up to 9,442,045 shares consisting of (a) the number of unallocated shares remaining available for the grant of new awards under the MannKind Corporation 2013 Equity Incentive Plan (the “2013 Plan”) as of the effective date of the 2018 Plan and (b) the shares subject to outstanding stock awards granted under the MannKind Corporation 2004 Equity Incentive Plan (the “2004 Plan”) and the 2013 Plan (together the with 2004 Plan, the “Prior Plans”) that on or after the effective date of the 2018 Plan (i) expire or terminate for any reason prior to exercise or settlement; (ii) are forfeited, cancelled or otherwise returned to the Registrant because of the failure to meet a contingency or condition required to vest such shares; or (iii) other than with respect to outstanding stock options and stock appreciation rights granted under the Prior Plans with an exercise or strike price of at least 100% of the fair market value of the underlying Common Stock on the date of grant, are reacquired or withheld (or not issued) by the Registrant to satisfy a tax withholding obligation in connection with a stock award. No further grants will be made under the Prior Plans. (3) Represents shares of Common Stock added to the shares authorized for issuance under the 2004 ESPP pursuant to an amendment to such plan approved by the Registrant’s stockholders at the Registrant’s 2018 Annual Meeting of Stockholders. (4) This estimate is made pursuant to Rule 457(c) and Rule 457(h)(1) of the Securities Act solely for purposes of calculating the registration fee. The price per share and aggregate offering price are based upon the average of the high and low prices of the Common Stock on August 6, 2018, as reported by The Nasdaq Global Market. |
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Post by goyocafe on Aug 7, 2018 16:18:09 GMT -5
21,442,045 shares @ $1.05 for the 2018 Equity Incentive Plan 3,000,000 shares @ $1.05 for the 2004 Employee Stock Just filed Impeccable timing 🤨 |
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Post by ilovekauai on Aug 7, 2018 16:20:49 GMT -5
Good! Glad to see this! You go Michael C!
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Post by babaoriley on Aug 7, 2018 16:30:22 GMT -5
We need someone knowledgeable to explain this to us (me, at least). Not exactly sure what this means in terms of our current financial needs.
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Post by brotherm1 on Aug 7, 2018 16:31:51 GMT -5
I read that it adds shares that can be purchased by employees though I’m not knowledgable  |
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Post by celo on Aug 7, 2018 16:33:03 GMT -5
Did somebody sell shares in a separate account down to 1.05, knowing they would receive shares at 1.05 in the future? Seems interesting how the stock dropped down to 1.00 rapidly and then hovered there before the shares were announced.
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Post by boca1girl on Aug 7, 2018 16:36:11 GMT -5
We need someone knowledgeable to explain this to us (me, at least). Not exactly sure what this means in terms of our current financial needs. I hope it means that the executives collectively are ready to buy 22M+ shares in the next few weeks at a price of $1.05/share. Maybe they are sitting on $25M and are ready to support the company in a big way. Too bad they couldn’t offer those shares directly to the longs here as well. If you looked at the last fillings for the insiders, they were capped at 5,000 shares. |
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Post by babaoriley on Aug 7, 2018 16:37:08 GMT -5
Did somebody sell shares in a separate account down to 1.05, knowing they would receive shares at 1.05 in the future? Seems interesting how the stock dropped down to 1.00 rapidly and then hovered there before the shares were announced. I don't think there was anything so sinister going on. What this means to (an unsure) me is they felt this would be a favorable time to set the price, which is good, as the corollary to that thinking is that the price may have bottomed, or, in any event, $1.05 or so is a good price. |
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Post by uvula on Aug 7, 2018 16:37:26 GMT -5
Is this for bonuses? Where does the money come from? Or are employees given shares of stock with no money changing hands?
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Post by porkini on Aug 7, 2018 16:38:07 GMT -5
I read that it adds shares that can be purchased by employees though I’m not knowledgable "shares that can be purchased by employees" [who are more likely to hold or sell rather than short their own company]. I'm not knowledgeable either. |
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Post by tingtongtung on Aug 7, 2018 16:38:10 GMT -5
We need someone knowledgeable to explain this to us (me, at least). Not exactly sure what this means in terms of our current financial needs. I hope it means that the executives collectively are ready to buy 22M+ shares in the next few weeks at a price of $1.05/share. Maybe they are sitting on $25M and are ready to support the company in a big way. Too bad they could offer those shares directly to the longs here as well. That's what I thought too.. Kresa and others are investing their own money? But, isn't there a limit to the number of shares an individual can purchase in stock purchase program? |
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Post by caesar on Aug 7, 2018 16:38:22 GMT -5
Another piece of the puzzle - management will be able to buy 24+ million shares @ $1.05 regardless of PPS.
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