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Sample Liquidation Preference Spreadsheet

The document analyzes the capitalization and liquidation preferences of Sample Company, Inc. It shows that the company has 10 million shares of common stock outstanding, along with various series of preferred stock and warrants totaling $6.6 million in liquidation preference. It also outlines the stock options held by management personnel. The analysis calculates liquidation amounts and prices for the different securities if the company is acquired for $25 million.

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38K views

Sample Liquidation Preference Spreadsheet

The document analyzes the capitalization and liquidation preferences of Sample Company, Inc. It shows that the company has 10 million shares of common stock outstanding, along with various series of preferred stock and warrants totaling $6.6 million in liquidation preference. It also outlines the stock options held by management personnel. The analysis calculates liquidation amounts and prices for the different securities if the company is acquired for $25 million.

Uploaded by

Yokum
Copyright
© Attribution Non-Commercial ShareAlike (BY-NC-SA)
Available Formats
Download as XLS, TXT or read online on Scribd
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Sample Company, Inc.

Liquidation Preference Analysis


Aggregate
Convert to Amount for Exercise
Current Capitalization Liquidation Pref Common? Liquidation Pref Price
Common Stock Outstanding 10,000,000
Series A Preferred Stock Outstanding 2,500,000 $1.00000 #VALUE! #VALUE!
Series A Warrants Outstanding 100,000 $1.00000 #VALUE! #VALUE! $100,000.00
Series B Preferred Stock Outstanding 2,000,000 $1.25000 #VALUE! #VALUE!
Series B Warrants Outstanding 25,000 $1.25000 #VALUE! #VALUE! $31,250.00
Series C Preferred Stock Outstanding 1,000,000 $1.50000 #VALUE! #VALUE!
#VALUE!

Series A Original Issue Price $1.0000 $0.00


Series A New Conversion Price $1.0000
Series B Original Issue Price $1.2500
Series B New Conversion Price $1.2500
Series C Original Issue Price $1.5000
Series C New Conversion Price $1.5000

Current Capitalization (on an as converted to Common Stock basis) Exercise Common Stock
Common Stock Outstanding 10,000,000 10,000,000
$0.10 Options 200,000 $0.1000 #VALUE! #VALUE!
$0.15 Options 425,000 $0.1500 #VALUE! #VALUE!
$0.175 Options 330,000 $0.1750 #VALUE! #VALUE!
$0.21 Options 60,000 $0.2100 #VALUE! #VALUE!
$0.25 Options 15,000 $0.2500 #VALUE! #VALUE!
$0.30 Options 200,000 $0.3000 #VALUE! #VALUE!
$0.38 Options 2,500,000 $0.3800 #VALUE! #VALUE!
Series A Preferred Stock Outstanding 2,500,000 #VALUE!
Series A Warrants Outstanding 100,000 $1.0000 #VALUE! #VALUE!
Series B Preferred Stock Outstanding 2,000,000 #VALUE!
Series B Warrants Outstanding 25,000 $1.2500 #VALUE! #VALUE!
Series C Preferred Stock Outstanding 1,000,000 #VALUE! #VALUE!
Total Shares Outstanding 19,355,000 #VALUE! Total Common

Liquidation Amounts (Preferred Stock ONLY)


Aggregate Outstanding Preferred Stock Liquidation Preference $6,500,000.00
Aggregate Preferred Stock Warrant Liquidation Preference $131,250.00
Aggregate Preferred (including warrants) Liquidation Preference $6,631,250.00

Amount Remaining For Common #VALUE!


Price per Share for Common #VALUE! #VALUE!
Liquidation Amounts/Prices Convert?
Series C Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
Series B Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
Series B Warrants Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
Series A Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
Series A Warrants Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
Common Liquidation Amount/Price #VALUE! #VALUE!
$0.10 Option Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
$0.15 Option Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
$0.175 Option Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
$0.21 Option Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
$0.25 Option Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
$0.30 Option Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
$0.38 Option Liquidation Amount/Price #VALUE! #VALUE! #VALUE!
#VALUE!
Net Acquisition Price $25,000,000.00
Acquisition Price $25,000,000 <--- INPUT VALUE

Management (See "Management" Tab for Details) Net Return


Alpha #VALUE!
Beta #VALUE!
Gamma #VALUE!
CFO #VALUE!
COO #VALUE!
VP Admin #VALUE!
CIO #VALUE!
VP Sales #VALUE!
VP Services #VALUE!
VP Biz Dev #VALUE!
$2,500,000.00 0.38 0.38
$100,000.00 0.02
$2,500,000.00 0.38 0.38
$31,250.00 0
$1,500,000.00 0.23 0.23
$6,631,250.00 $6,500,000.00

Options 3,730,000

#VALUE!
#VALUE!
#VALUE!
#VALUE!
#VALUE!
Total Common
Name Common Stock Options Price/Share Agg Exercise Price Net Return
Alpha 2,500,000 275,000 $0.380 $104,500.00 #VALUE!
Beta 2,000,000 275,000 $0.380 $104,500.00 #VALUE!
Gamma 1,000,000 50,000 $0.380 $19,000.00 #VALUE!
CFO 75,000 60,000 $0.150 $9,000.00 #VALUE!
10,000 $0.175 $1,750.00
10,000 $0.300 $3,000.00
25,000 $0.380 $9,500.00
COO 335,000 $0.380 $127,300.00 #VALUE!
VP Admin 450,000 $0.380 $171,000.00 #VALUE!
CIO 750,000 20,000 $0.380 $7,600.00 #VALUE!
VP Sales 100,000 $0.100 $10,000.00 #VALUE!
50,000 $0.175 $8,750.00
40,000 $0.380 $15,200.00
VP Services 600,000 30,000 $0.380 $11,400.00 #VALUE!
VP Biz Dev 400,000 40,000 $0.380 $15,200.00 #VALUE!

This analysis assumes that all of management's options will be vested and exercised as of the transaction date

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