Make sure to vote "YES" for common shareholder dilution.
excerpt from the latest 14A Proxy Statement dated 8/24/01:
The Annual Meeting of Shareholders (the "Annual Meeting") of Network
Appliance, Inc., a California corporation (the "Company"), will be held on
October 18, 2001 at 3:00 p.m., local time, at the Company's headquarters, 495
East Java Drive, Sunnyvale, California 94089, for the following purposes:...
2. To approve a series of amendments to the Company's 1999 Stock Option Plan
(the "1999 Plan") which will increase the share reserve under the plan by
an additional 13,400,000 shares of Common Stock and effect certain
changes to the automatic option grant program in effect for the
non-employee members of the Board of Directors.
3. To approve an amendment to the Company's Employee Stock Purchase Plan
(the "the ESPP") which will increase the share reserve under the plan by
an additional 3,000,000 shares of Common Stock and extend the term of the
ESPP to the last business day of May 2011.
I realize that since there's no chart link, this post might fly above...or below...certain board radars<gg>
Hope all is well.
Regards,
John M |
