普通股

Issuance of convertible securities (dilutive to current stockholders) or additional common stock

发行可转换证券或额外的普通股

If Citi wanted to pay down, say,$20 billion of these with proceeds from a new common-stock issue, it would be about 20% dilutive to existing shareholders, given that Citi's market value is $97 billion.

假设花旗的市值为970亿美元，如果该行希望用增发普通股的方式偿还其中的200亿美元，那么现有股东的权益将被稀释约20%。

So this paper constructs a double moral hazardmodel and derives endogenously the capital structure of venture backed by venturecapital.

构造了风险企业双边道德风险下的融资模型，运用一阶条件方法导出了风险投资的最优资本结构是，风险投资家持有可转换优先股，创业者依业绩获得普通股。

Each share of Series A Convertible Preferred Stock will carry a number of votes equal to the number of shares of common stock issuable as if converted at the record date.

每股优先转换股 A 如果在登记日期转换，都拥有与发行的普通股持有者同等数量的投票权。

Each share of Series A Convertible Preferred Stock will carry a number of votes equal to the number of shares of common stock issuable as if converted at the record date.

每股可转换优先股 A 将与普通股的投票数相等，好像在登记日期转移。

Thereafter, the remaining assets shall be distributed ratably to the holders of the Common Stock.

之 后，剩余的资产将由普通股股东按比例分配。

Participation: After the payment of the Liquidation Preference to the holders of the Series A Preferred, the remaining assets shall be distributed ratably to the holders of the Common Stock and the Series A Preferred on a common equivalent basis.

完全参与优先股票在清算程序中，在收到优先清算权之后，还会按比例和普通股一起分配公司剩下的钱。条款是这样描述的

Participation: After the payment of the Liquidation Preference to the holders of the Series A Preferred, the remaining assets shall be distributed ratably to the holders of the Common Stock and the Series A Preferred on a common equivalent basis; provided that the holders of Series A Preferred will stop participating once they have received a total liquidation amount per share equal to times the Original Purchase Price, plus any declared but unpaid dividends.

参与权：在支付给A系列优先股股东清算优先权回报之后，剩余资产由普通股股东与A系列优先股股东按相当于转换后股份比例进行分配；但A系列优先股股东一旦其获得的回报达到倍于原始购买价格以及宣布但尚未发放的股利，将停止参与分配。

We only recalculate our most efficient common stock portfolio once a quarter.

我们只要一季度重新计算我们最有效的普通股组合一次就行了。

The repurchase option shall provide that upon termination of the employment of the shareholder, with or without cause, the Company retains the option to repurchase at the lower of cost or the current fair market value any unvested shares held by such shareholder.

由创始人小学校 XXX 和 YYY 持有的已发行流通的普通股也要遵从类似的兑条款：创始人在交割时可以兑现其股份的25%，其余股份在其后3年内按月兑现。

This one mode pays close attention to network credence foundation of the businessman very much.

这一模式非常关注商人的网络信用基础。

Cell morphology of bacterial ghost of Pasteurella multocida was observed by scanning electron microscopy and inactivation ratio was estimated by CFU analysi.

扫描电镜观察多杀性巴氏杆菌细菌幽灵和菌落形成单位评价遗传灭活率。