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The "Principal Shareholder" section of the S-1 lists his holdings at 983,333 shares, which includes options (though the S-1 does not specifically state this fact). 280,953 of these shares originated from the purchase of a Series D Preferred Stock for $3.1 million. Another 677,380 shares consist of options at $4.00 per share. I am not sure where the other 25,000 shares come from.
Assuming he exercises the options (and ignoring the cost of the 25,000 shares), his 983,333 shares have a current value of $124,268,708 and a cost basis of $5,809,520. Not bad for two months work. :)
Excerpts from the S-1:
"The shares of Series D Preferred Stock were issued and sold in a private transaction to an entity affiliated with Marc Andreessen at a per share purchase price of $11.00, resulting in aggregate proceeds to us of $3.1 million."
"On October 13, 1999, CacheFlow entered into a consulting agreement with Mr. Andreessen. Mr. Andreessen will serve as an independent contractor to the Company and will consult with the Company in areas to be agreed upon by Mr. Andreessen and Mr. NeSmith. All of the intellectual property developed by Mr. Andreessen during his consultancy will belong to CacheFlow. In connection with entering into the consulting agreement, Mr. Andreessen was granted an option to purchase 677,380 shares of common stock. The option has an exercise price of $4.00 per share." |
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