Transaction Details

Footnotes

Includes 30,000 shares of Series B Preferred Stock that have been converted into shares of Common Stock on a one-for-one basis upon the closing of the Company's initial public offering and which have no expiration date. | Includes 31,242 shares of Nonvoting Common Stock that have been converted into shares of Common Stock on a one-for-one basis upon the closing of the Company's initial public offering and which have no expiration date. | Includes 30,000 shares of Series B Preferred Stock that have been converted into shares of Common Stock on a one-for-one basis upon the closing of the Company's initial public offering and which have no expiration date, and which are held in the estate of Byrum W. Teekell for which J. Gray Teekell is executor and disclaims beneficial ownership as to 22,500 shares of Common Stock The inclusion of such 22,500 shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose. | Includes 38,131 shares of Nonvoting Common Stock that have been converted into shares of Common Stock on a one-for-one basis upon the closing of the Company's initial public offering and which have no expiration date, which are held in the estate of Byrum W. Teekell for which J. Gray Teekell is executor and disclaims beneficial ownership as to 28,599 shares of Common Stock. The inclusion of such 28,599 shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose. | The options were granted initially as the right to buy Nonvoting Common Stock. On the closing date of the initial public offering, these converted to the right to buy Common Stock instead of Nonvoting Common Stock, for the same price and under the same conditions. | The options are fully vested.