In January 2014, our board of directors approved the distribution of shares of Class C capital stock as a dividend to our holders of Class A and Class B common stock (the Stock Split). The Stock Split had a record date of March 27, 2014 and a payment date of April 2, 2014. The amount of the Adjustment Payment was based on the percentage difference that developed between the volume weighted average price of Class A and Class C shares during the Lookback Period, as supplied by NASDAQ Data on Demand, and is payable to holders of Class C capital stock as of the end of the Lookback Period in cash, Class A common stock, Class C capital stock, or a combination thereof, at the discretion of our board of directors.
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