Sprint - Nextel 2008 Annual Report Download - page 145
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CLEARWIRE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Share-based compensation expense recognized for all plans for the years ended December 31, 2009, 2008
and 2007 is as follows (in thousands):
Year Ended December 31,
2009 2008 2007
Options .................................................... $ 6,386 $2,371 $—
RSUs ...................................................... 20,091 1,292 —
Sprint Equity Compensation Plans ............................... 1,035 2,802 —
$27,512 $6,465 $—
15. Stockholders’ Equity
Class A Common Stock
The Class A Common Stock represents the common equity of Clearwire. The holders of the Class A
Common Stock are entitled to one vote per share and, as a class, are entitled to 100% of any dividends or
distributions made by Clearwire, with the exception of certain minimal liquidation rights provided to the Class B
Common Stockholders, which are described below. Each share of Class A Common Stock participates ratably in
proportion to the total number of shares of Class A Common Stock issued by Clearwire. Holders of Class A
Common Stock have 100% of the economic interest in Clearwire and are considered the controlling interest for
the purposes of financial reporting.
Upon liquidation, dissolution or winding up, the Class A Common Stock will be entitled to any assets
remaining after payment of all debts and liabilities of Clearwire, with the exception of certain minimal
liquidation rights provided to the Class B Common Stockholders, which are described below.
Class B Common Stock
The Class B Common Stock represents non-economic voting interests in Clearwire and holders of this stock
are considered the non-controlling interests for the purposes of financial reporting. Identical to the Class A
Common Stock, the holders of Class B Common Stock are entitled to one vote per share, however they do not
have any rights to receive distributions other than stock dividends paid proportionally to each outstanding
Class A and Class B Common Stockholder or upon liquidation of Clearwire, an amount equal to the par value per
share, which is $0.0001 per share.
Each holder of Class B Common Stock holds an equivalent number of Clearwire Communications Class B
Common Interests, which in substance reflects their economic stake in Clearwire. This is accomplished through
an exchange feature that provides the holder the right, at any time, to exchange one share of Class B Common
Stock plus one Clearwire Communications Class B Common Interest for one share of Class A Common Stock.
F-79