First Period Cap

First Period Cap. Means, with respect to a particular Key Management Investor or his Permitted Transferee at the date of the proposed transfer, a number of Transferrable Shares equal to (A)(1) the total number of Transferrable Shares owned by such Key Management Investor and his Permitted Transferees as of the beginning of the First Period plus (2) the total number of Transferrable Shares issued or issuable to such Key Management Investor upon the exercise of Options and underlying Restricted Stock Units, in... each case which were held as of the beginning of the First Period and are vested or have been exercised as of the beginning of the First Period or will vest or become exercisable during the First Period multiplied by (B)(1) the aggregate number of Transferable Shares transferred by the Silver Lake Investors after May 30, 2017 and before or during the First Period (excluding transfers to Permitted Transferees) divided by (2) the total number of Transferable Shares held by the Silver Lake Investors as of the beginning of the First Period. View More