§ 23.80. Options, warrants, or rights—Item 10.
(a) When used in this section, the term ‘‘warrants’’ means any options, warrants or rights.
(b) If action is to be taken with respect to the granting or extension of any warrants to purchase securities of the insurer or any subsidiary or affiliate, other than warrants issued to all security holders on a pro rata basis, all of the following information shall be furnished:
(1) The title and amount of securities called for or to be called for, as well as the prices, expiration dates, and other material conditions upon which the warrants may be exercised, the consideration received or to be received by the insurer, subsidiary, or affiliate for the granting or extension of the warrants, and the market value of the securities called for or to be called for by the warrants as of the latest practicable date.
(2) If known, the total amount of securities called for or to be called for by warrants received or to be received by the following persons, naming each person:
(i) Each person named in Item 7 of Schedule A, as described in § 23.77 (relating to remuneration and other transactions—Item 7).
(ii) Each other person who will be entitled to acquire 5.0% or more of the securities called for or to be called for by the warrants.
(3) If known, the total amount of securities called for or to be called for by such warrants, received or to be received by all directors and officers of the company as a group and all employes, without naming them.
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