18 Del. Admin. Code § 401-20.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 401-20.0 - Item 10. Options, Warrants, or Rights

20.1 If action is to be taken with respect to the granting or extension of any options, warrants or rights (all referred to herein as "warrants") to purchase stock of the insurer or any subsidiary or affiliate, other than warrants issued to all stockholders on a pro rata basis, furnish the following information:

20.1.1 The title and amount of stock called for or to be called for, the prices, expiration dates and other material conditions upon which the warrants may be exercised, the consideration received or to be received by the insurer, subsidiary or affiliate for the granting or extension of the warrants and the market value of the stock called for or to be called for by the warrants, as of the latest practicable date.

20.1.2 If known, state separately the amount of stock called for or to be called for by warrants received or to be received by the following persons, naming each such person:

(1) Each person named in item seven of this schedule, and

(2) each other person who will be entitled to acquire five per cent or more of the stock called for or to be called for by such warrants.

20.1.3 If known, state also the total amount of stock called for or to be called for by such warrants, received or to be received by all directors and officers of the company as a group and all employees, without naming them.

18 Del. Admin. Code § 401-20.0