How will the reclassification affect stock options?
Stock options granted before the 2006 IPO (pre-October 2006) under the 1999 Stock Incentive Plan are options to purchase class A preferred stock. After the reclassification, these options will automatically become options to purchase common stock. The reclassification will not change the vesting period, exercise price, the number of shares underlying the options or any other terms or conditions of the plan or option agreements. There will be no change to options granted under the 2006 SAIC, Inc. Equity Incentive Plan after the IPO (post-October 2006) because those options are for the purchase of common stock.
