UNI 0.71% $7.05 universal store holdings limited

stock incentive plan and reserve, page-2

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    Ummm no, the way I read it is the max allocated over those 8 years in 12.5% of company.

    ie hypotheticals,

    say there will initially be 60M odd shares on Nasdaq,
    and max pool for share plan is 6M.

    if say there were 90M odd shares in 2019 then the max pool size (over the whole period) would be raised to 9M

    they key is part ii)(A) in that paragraph:

    " number of shares .... reduced by ii) the sum of (A) any shares of Common Stock issued or delivered persuant to Awards under the plan"
 
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