Is that 20 million new shares added to the 15.15 or 4.85million added to the 15.15 for a grand total of 20 million?
Number of shares and value ($) of shares are two different things ...
The new plan includes 20 million shares that may be awarded as "stock options (both incentive and non-qualified stock options), restricted stock units and certain limited unrestricted share awards." Including shares remaining in the 2011 plan, the company valued the entire pool of equity awards to be worth $95.15 million, of which $15.15 million are shares remaining in the old plan.
- $80.00 (95.15 - 15.15) million are shares in the new plan (20 million shares; $4 / share) - $15.15 million are shares remaining in the old plan (3.79 million shares ... 15.15/4) - entire pool of equity awards to be worth $95.15 million (23.79 million shares)