This component of the Cashless Net Share Settlement reflects the shares that the reporting person was obligated to surrender to the Issuer to pay for the aggregate exercise price for the shares acquired on November 8, 2013.
This component of the Cashless Net Share Settlement represents surrendered shares to fund payroll taxes due by the reporting person in connection with the option exercised on November 8, 2013.
Common Stock of 416,819 shown in Table I above excludes options of 391,250. Total amount of common stock and options is 808,069.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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Other recent filings from the company include the following:
EPIQ: Use Of Non-Gaap Financial Measures - July 31, 2014