(5)
Includes 221,011 shares held in a living trust of which Mr. Sands and his spouse are trustees, 6,785 shares held in a charitable remainder unitrust of which Mr. Sands is the trustee and 14,912 shares held in irrevocable trusts of which Mr. Sands and his spouse are trustees for the benefit of Mr. Sands’ minor children. Also includes stock options exercisable for 133,096 shares of our common stock within 60 days of August 31, 2018.
(6)
Includes stock options exercisable for 100,000 shares of our common stock within 60 days of August 31, 2018.
(7)
Includes 115,623 shares held by a limited partnership Tippet Venture Partners, L.P. of which Mr. Sheehan is the managing director of its general partner and 200 shares held by a trust of which Mr. Sheehan is a trustee. Mr. Sheehan disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. Also includes stock options exercisable for 20,833 shares of our common stock within 60 days of August 31, 2018.
(8)
Includes 47,457 shares held by SPVC V, LLC and 1,894 shares held by SPVC Affiliates Fund I, LLC, each of which is jointly managed by Split Rock Partners, LLC and Vesbridge Partners, LLC. Voting and investment power over the shares, however, has been delegated solely to Split Rock Partners, LLC. Split Rock Partners, LLC has delegated voting and investment decisions with respect to the shares to three individuals (one of whom is James Simons) who require a two-thirds vote to act. Mr. Simons disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein. Also includes 34,841 shares held by the James Rexroad Simons Trust. Also includes stock options exercisable for 145,000 shares of our common stock within 60 days of August 31, 2018 and 932 shares of common stock, which are held directly by Mr. Simons. Pursuant to a letter agreement, Mr. Simons holds these securities for the sole benefit of SPVC V, LLC.
(9)
Includes 3,979,218 shares held by The Valenti Living Trust of which Mr. Valenti and his spouse are co-trustees and 6,903 shares held by Mr. Valenti and his immediate family members. Each of Mr. Valenti and his spouse has voting and investment power with respect to the shares held by The Valenti Living Trust and share beneficial ownership in such shares. Also includes stock options exercisable for 176,055 shares of our common stock within 60 days of August 31, 2018. The amount of shares beneficially owned by Mr. Valenti decreased as of August 31, 2018 as compared to August 31, 2017 primarily due to distributions by Mr. Valenti to family members as part of ordinary course wealth management and estate planning purposes. This includes 1,432,224 shares transferred to trusts of which Mr. Valenti’s adult children are the beneficiaries as discussed in Mr. Valenti’s Form 5 filed on August 13, 2018.
(10)
Includes stock options exercisable for 158,750 shares of our common stock within 60 days of August 31, 2018.
(11)
Includes stock options exercisable for 46,587 shares of our common stock within 60 days of August 31, 2018.
(12)
Includes stock options exercisable for 33,875 shares of our common stock within 60 days of August 31, 2018.
(13)
Consists of stock options exercisable for 27,812 shares of our common stock within 60 days of August 31, 2018.
(14)
Includes stock options exercisable for 1,153,466 shares of our common stock within 60 days of August 31, 2018.
(15)
Based on the Schedule 13G/A filed with the SEC on January 23, 2018 by BlackRock, Inc.
(16)
Based on the Schedule 13G/A filed with the SEC on February 9, 2018 by Private Capital Management, LLC.