Explanation of Responses: |
(1) | Received pursuant to a stock dividend paid on July 17, 2020. |
(2) | Does not include 13,932 shares of Class A Common Stock owned indirectly by the reporting person in the 401(k) Retirement Savings Plan. |
(3) | This option was granted on December 5, 2014 as an option for 2,000 shares of Class A Common Stock at an exercise price of $5.02 per share, but adjusted pursuant to the anti-dilution provisions of the Amended and Restated 2013 Stock Option and Other Equity Incentive Awards Plan (the "2013 Stock Option Plan") to reflect 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, February 1 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020. |
(4) | This option was granted on December 4, 2015 as an option for 10,000 shares of Class A Common Stock at an exercise price of $6.72 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 5, 2016, February 3, 2017, February 2, 2018, February 1 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020. |
(5) | This option was granted on December 2, 2016 as an option for 10,000 shares of Class A Common Stock at an exercise price of $7.03 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 3, 2017, February 2, 2018, February 1 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020. |
(6) | This option was granted on December 1, 2017 as an option to purchase either 15,000 shares of Class A Common Stock at an exercise price of $5.05 per share or 15,000 shares of Class C Common Stock at an exercise price of $5.05 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 15,000 shares of Class C Common Stock at an exercise price of $5.05 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 2, 2018, February 1 2019, and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020. |
(7) | This option was granted on November 30, 2018 as an option to purchase either 20,000 shares of Class A Common Stock at an exercise price of $5.52 per share or 20,000 shares of Class C Common Stock at an exercise price of $5.52 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 20,000 shares of Class C Common Stock at an exercise price of $5.52 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect 5% stock dividends paid on February 1, 2019 and February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020. |
(8) | This option was granted on December 6, 2019 as an option to purchase either 35,000 shares of Class A Common Stock at an exercise price of $5.46 per share or 35,000 shares of Class C Common Stock at an exercise price of $5.46 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock at an exercise price of $5.46 per share, but adjusted pursuant to the anti-dilution provisions of the 2013 Stock Option Plan to reflect a 5% stock dividend paid on February 7, 2020; and a 2 1/2% stock dividend paid on July 17, 2020. This option vests in four equal quarterly installments of Class C Common Stock, beginning on March 6, 2020, until such shares are fully vested. |
(9) | This option was granted on March 27, 2020 as an option to purchase either 35,000 shares of Class A Common Stock at an exercise price of $3.76 per share or 35,000 shares of Class C Common Stock at an exercise price of $3.76 per share, or any combination thereof. This option reflects the reporting person's election to have an option for 35,000 shares of Class C Common Stock at an exercise price of $3.76 per share; and a 2 1/2% stock dividend paid on July 17, 2020. This option vests in four equal quarterly installments of Class C Common Stock, beginning on June 27, 2020, until such shares are fully vested. |