Credit Suisse Investment Banking Pitch Book
Osprey book value and share count reconciliation
Per Osprey management as of September 2017
Adjusted tangible book value reconciliation (9/30/17)
($ in millions)
Adjusted tangible book value
Q2 '17A book value
(-) Goodwill & intangibles
Q2 '17A tangible book value
(+) Gross proceeds from options exercised through 9/30/17
(-) Cost of share repurchases through 9/30/17
Adjusted Q2 '17A tangible book value
Osprey share count reconciliation (9/30/17)
Basic shares outstanding
Basic shares outstanding (6/30/17)
(+) Options exercised through 9/30/17
(-) Repurchases through 9/30/17
(-) Retirement of restricted stock through 9/30/17
Basic shares outstanding (9/30/17)
Options / Warrants
Tranche
Tranche 1
Tranche 2
Tranche 3
Tranche 4
Tranche 5
Tranche 6
Type
Options
Options
Options
Options
Options
Warrants (¹)
Source: Osprey public filings and Osprey management.
# Outst. (mm)
0.015
Adjusted for Q1'17 and 02 17 dividends paid, per Osprey management.
0.025
0.050
0.035
12.038
$643.2
(18.3)
$625.0
0.3
(3.3)
$622.0
41,758,435
35,000
(301,777)
(10,904)
41,480,754
PRELIMINARY | SUBJECT TO FURTHER REVIEW & REVISION
Exercise price
$13.22
7.52
7.52
8.74
10.11
12.58
Confidential
44
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