Exercise of employee share options in Opera Software ASA
1. Participants in the Company’s share option program have on December 6th 2013 exercised a total number of 835 700 options.
Following the share option exercise, the Board of Directors, pursuant to authorization granted by the company`s Annual General Meeting, has resolved to increase the Company`s share capital by NOK 16 714 by issuing 835 700 new shares, of par value NOK 0,02. Following the increase the Company`s share capital is NOK 2 645 764,64 divided into 132 288 232 shares.
2. Options exercised by primary insiders December 6th 2013:
Andreas Thome has exercised 112 500 options in the Company, corresponding to 112 500 shares at the strike price of NOK 21.20.
Erik Carson Harrell has exercised 117 500 options in the Company, corresponding to
5 000 shares at the strike price of NOK 11.24 and 112 500 shares at the strike price of NOK 21.20.
Espen Andre Øverdahl has exercised 2 500 options in the Company, corresponding to 2 500 shares at the strike price of NOK 21.20.
Halvor Helgø has exercised 7 100 options in the Company, corresponding to 5 000 shares at the strike price of NOK 21.20 and 2 100 shares at the strike price of NOK 27.14
Jason A Hoida has exercised 17 500 options in the Company, corresponding to
17 500 shares at the strike price of NOK 21.20
Kari Stautland has exercised 20 000 options in the Company, corresponding to 20 000 shares at the strike price of NOK 32.10
Lars Aarhus has exercised 5 000 options in the Company, corresponding to 5 000 shares at the strike price of NOK 21.20
Lars Boilesen has exercised 307 500 options in the Company, corresponding to
107 500 shares at the strike price of NOK 16.54 and 200 000 shares at the strike price of NOK 19.14
Nuno Sitima has exercised 4 900 options in the Company, corresponding to
4 900 shares at the strike price of NOK 17.04
Rikard Gillemyr has exercised 97 500 options in the Company, corresponding to 62 500 shares at the strike price of NOK 11.99 and 35 000 shares at the strike price of NOK 11.24
Tove Selnes has exercised 14 000 options in the Company, corresponding to
14 000 shares at the strike price of NOK 23.94
3. Transfer of rights
On December 6th 2013, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Børs when known.
Andreas Thome has transferred 112 500 rights
Erik Carson Harrell has transferred 117 500 rights
Espen Andre Øverdahl has transferred 2 500 rights
Halvor Helgø has transferred 7 100 rights
Jason A. Hoida has transferred 17 500 rights
Kari Stautland has transferred 20 000 rights
Lars Aarhus has transferred 5 000 rights
Lars Boilesen has transferred 307 500 rights
Nuno Sitima has transferred 4 900 rights
Rikard Gillemyr has transferred 97 500 rights
Tove Selnes has transferred 14 000 rights
4. New holding
After exercising options, Andreas Thome holds 112 500 unexercised options in the Company, corresponding to 112 500 shares at the strike price of NOK 21.20, 240 000 unexercised options in the Company, corresponding to 240 000 shares at the strike price of NOK 27.40 and 400 000 unexercised options in the Company, corresponding to 400 000 shares at the strike price of NOK 37.58. As of today the primary insider holds 10 000 shares in the Company.
After exercising options, Erik Carson Harrell holds 112 500 unexercised options in the Company, corresponding to 112 500 shares at the strike price of NOK 21.20, 100 000 unexercised options in the Company, corresponding to 100 000 shares at the strike price of NOK 27.08 and 400 000 unexercised options in the Company, corresponding to 400 000 shares at the strike price of NOK 37.58. As of today the primary insider holds 77 000 shares in the Company.
After exercising options, Espen Andre Øverdahl holds 2 500 unexercised options in the Company, corresponding to 2 500 shares at the strike price of NOK 21.20 and 20 000 unexercised options in the Company, corresponding to 20 000 shares at the strike price of NOK 27.08.
After exercising options, Halvor Helgø holds 5 000 unexercised options in the Company, corresponding to 5 000 shares at the strike price of NOK 21.20, 30 000 unexercised options in the Company, corresponding to 30 000 shares at the strike price of NOK 27.08 and 40 000 unexercised options in the Company, corresponding to 40 000 shares at the strike price of NOK 34.78. As of today the primary insider holds 2 286 shares in the Company.
After exercising options, Jason Hoida holds 17 500 unexercised options in the Company, corresponding to 17 500 shares at the strike price of NOK 21.20, 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 27.40, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.08 and 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 37.58. As of today the primary insider holds 7 409 shares in the Company.
After exercising options, Kari Stautland holds 30 000 unexercised options in the Company, corresponding to 30 000 shares at the strike price of NOK 32.10. As of today the primary insider holds 9 512 120 shares in the Company.
After exercising options, Lars Aarhus holds 5 000 unexercised options in the Company, corresponding to 5 000 shares at the strike price of NOK 21.20. As of today the primary insider holds 33 380 shares in the Company.
After exercising options, Lars Boilesen holds 700 000 unexercised options in the Company, corresponding to 700 000 shares at the strike price of NOK 19.14. As of today the primary insider holds 10 000 shares in the Company.
After exercising options, Nuno Sitima holds 15 000 unexercised options in the Company, corresponding to 15 000 shares at the strike price of NOK 21.20, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.08 and 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 34.78.
After exercising options, Rikard Gillemyr holds 87 500 unexercised options in the Company, corresponding to 87 500 shares at the strike price of NOK 11.99, 225 000 unexercised options in the Company, corresponding to 225 000 shares at the strike price of NOK 21.20, 100 000 unexercised options in the Company, corresponding to 100 000 shares at the strike price of NOK 27.08 and 250 000 unexercised options in the Company, corresponding to 250 000 shares at the strike price of NOK 37.58. As of today the primary insider holds 360 000 shares in the Company.
After exercising options, Tove Selnes holds 47 500 unexercised options in the Company, corresponding to 47 500 shares at the strike price of NOK 21.20, 60 000 unexercised options in the Company, corresponding to 60 000 shares at the strike price of NOK 27.08 and 50 000 unexercised options in the Company, corresponding to 50 000 shares at the strike price of NOK 34.78. As of today the primary insider holds 9 111 shares in the Company.
Petter Lade, Investor Relations
Tel: +47 2369 2400
Opera products enable more than 350 million internet consumers worldwide to discover and connect with the content and services that matter most to them, no matter what device, network or location. In turn, we help advertisers reach the audiences that build value for their businesses. Opera also delivers products and services to more than 130 mobile operators around the world, enabling them to provide a faster, more economical and better network experience to their subscribers. From family photos and funny videos to business ideas that change the world economy, the internet has always been about discovery. Whether you are a consumer getting online for the first time, or a multinational corporation trying to reach the right audience, Opera can help you discover more online. Opera Software ASA is listed on the Oslo Stock Exchange under the ticker symbol OPERA. 'Opera', 'Opera Software', 'Opera Mini' and the 'O' logo are trademarks of Opera Software ASA. All other trademarks are the property of their respective owners. Learn more about Opera at www.opera.com.