Replies to post #242282 on Wave Systems Corp. (fka WAVXQ)

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The figures in the most recent (424B5) filing --- 51,475,368 shares of class A common stock and 8,885 shares of class B common stock outstanding as of May 19, 2015 --- exclude:

3,072,495 shares of Class A common stock reserved for issuance upon the exercise of employee and director options outstanding.

2,462,479 shares of Class A common stock reserved for issuance under existing option plans.

1,075,674 shares of Class A common stock reserved for issuance under employee stock purchase plan.

6,974,945 shares of Class A common stock reserved for the exercise of warrants outstanding prior to this offering.