Item 3.02 Unregistered Sales of Equity Securities.
As previously announced, on August 11, 2009 the Company completed its
acquisition of Concateno plc, a company registered under the laws of England and
Wales ("Concateno"), pursuant to a scheme of arrangement under Part 26 of the
United Kingdom Companies Act 2006 (the "Scheme"). Pursuant to the Scheme, the
Company paid an aggregate of approximately £81.4 million and issued
approximately 2.09 million shares of its common stock, par value $0.001 per
share ("Common Stock") to the former holders Concateno Shares. The Company also
issued options to purchase approximately 315,227 shares of Common Stock in
exchange for outstanding options to purchase Concateno Shares. The new options
have a weighted-average exercise price of $29.78 per share. As part of
compensation packages intended to induce certain key executives of Concateno to
accept employment with the Company, the Company will award 56,000 shares of
restricted Common Stock and options to purchase up to 75,000 shares of Common
Stock to those executives. The shares of restricted Common Stock will vest over
a period of three years conditioned upon the recipient's continued employment
with the Company, such vesting to accelerate if the recipient's employment is
terminated by the Company other than for cause. The options will have a term of
10 years, vest over a period of four years conditioned upon the recipient's
continued employment with the Company and have an exercise price equal to the
fair market value of the Common Stock on the date they are granted.
In connection with the issuance of shares of Common Stock pursuant to the
Scheme, the Company relied on the exemption from registration afforded by
Section 3(a)(10) of the Securities Act of 1933, as amended (the "Securities
Act"), for exchanges of securities after a hearing by a court upon the fairness
of the terms and conditions of the exchange. In connection with the issuance of
options and restricted stock described above, the Company relied and will rely
on the exemptions from registration afforded by Regulation S under the
Securities Act and Section 4(2) of the Securities Act.