Shares of Class A Common Stock reserved for issuance were as follows: (1)  The number of shares actually earned at the end of the multi-year performance period will vary, based on actual performance,  from 0% to 200% of the target number of performance awards granted. The maximum number of shares that would be issued  is included in the table above. (2)  We have not had an offering under the Employee Stock Purchase Plan since 2010. (3)  Effective 2014, we no longer offer a Company stock match under the CompanyGLYPH<146>s 401(k) plan. Shares of our Company’s Class A and Class B Common Stock are entitled to equal participation in the event of  liquidation and in dividend declarations. The Class B Common Stock is convertible at the holders’ option on a share- for-share basis into Class A Common Stock. Upon conversion, the previously outstanding shares of Class B Common  Stock are automatically and immediately retired, resulting in a reduction of authorized Class B Common Stock. As  provided for in our Company’s Certificate of Incorporation, the Class A Common Stock has limited voting rights,  including the right to elect 30% of the Board of Directors, and the Class A and Class B Common Stock have the right  to vote together on the reservation of our Company shares for stock options and other stock-based plans, on the  ratification of the selection of a registered public accounting firm and, in certain circumstances, on acquisitions of the  stock or assets of other companies. Otherwise, except as provided by the laws of the State of New York, all voting  power is vested solely and exclusively in the holders of the Class B Common Stock. There were 816,635 shares as of December 28, 2014 and 818,061 shares as of December 29, 2013 of Class B  Common Stock available for conversion into shares of Class A Common Stock. The Adolph Ochs family trust holds approximately 90% of the Class B Common Stock and, as a result, has the  ability to elect 70% of the Board of Directors and to direct the outcome of any matter that does not require a vote of  the Class A Common Stock. In January 2009, pursuant to a securities purchase agreement, we issued warrants to affiliates of Carlos Slim  Helú, the beneficial owner of approximately 8% of our Class A Common Stock (excluding the warrants), to purchase  15.9 million shares of our Class A Common Stock at a price of $6.3572 per share. On January 14, 2015, the warrant  holders exercised these warrants in full and the Company received cash proceeds of approximately $101.1 million  from this exercise. See Note 19 for additional information. On April 13, 2004, our Board of Directors authorized repurchases in an amount up to $400 million of our Class  A Common Stock. As of December 28, 2014, approximately $91.4 million remained under this authorization. On  January 13, 2015, the Board of Directors terminated this authorization and approved a new repurchase authorization  of $101.1 million, equal to the cash proceeds received by the Company from an exercise of warrants. As of  February 19, 2015, approximately $101.1 million remained under this authorization. Our Board of Directors has  authorized us to purchase shares from time to time as market conditions permit. There is no expiration date with  respect to this authorization. P. 100 – THE NEW YORK TIMES COMPANY 16. StockholdersGLYPH<146> Equity (In thousands) December 28, 2014 December 29, 2013 Stock options, stockGLYPH<150>settled restricted stock units and stock-settled performance awards Stock options and stock-settled restricted stock units 9,228 10,965 Stock-settled performance awards (1) 2,827 1,908 Outstanding 12,055 12,873 Available 8,408 3,161 Employee Stock Purchase Plan (2) Available 6,410 6,410 401(k) Company stock match (3) Available 3,045 3,045 Total Outstanding 12,055 12,873 Total Available 17,863 12,616