EGC Corporate Governance Practices (May 2018)

EGC Corporate Governance Practices: A Survey and Related Resources PAGE 23 Figure 34 : N=848. We also reviewed the number of shares reserved for issuance under the new equity compensation plan adopted as a percentage of the fully diluted number of common shares post-IPO. Of the 585 EGCs that reserved shares for issuance under the new equity compensation plan adopted, approximately 26.8% had shares reserved for issuance of less than 5%, approximately 42.6% had shares reserved for issuance between 5% and 10%, approximately 21.2% had shares reserved for issuance between 10% and 15%, approximately 6.2% had shares reserved for issuance between 15% and 20%, approximately 3.1% had shares reserved for issuance between 20% and 50%, and approximately 0.2% had shares reserved for issuance over 50%. Figure 35 : N=585. In addition, we reviewed the number of outstanding awards at the time of the IPO, combined with the number of shares reserved for issuance under the new equity compensation plan adopted, as a percentage of the fully diluted number of common shares post-IPO. Of the 848 EGCs, approximately 265 160 173 129 56 58 7 0 50 100 150 200 250 300 None Less than 5% 5% - 10% 10% - 15% 15% - 20% 20% - 50% Over 50% Outstanding Equity Compensation Awards (By Frequency) Number of Companies 157 249 124 36 18 1 0 50 100 150 200 250 300 Less than 5% 5% - 10% 10% - 15% 15% - 20% 20% - 50% Over 50% Shares Reserved for Issuance Under New Equity Compensation Plan (By Frequency) Number of Companies