Registrable Common

Registrable Common. Any shares of Common Stock issued to the Holder pursuant to a Subscription Agreement, including any shares of Common Stock issued as a dividend, stock split, reclassification, recapitalization or other distribution with respect to or in exchange for replacement of the preceding; provided, however, that Registrable Common will not include any shares, the sale of which has been registered pursuant to the Securities Act or which have been or could be sold to the public pursuant to Rule 144... promulgated by the Commission under the Securities Act without restriction under the volume limitations of Rule 144 View More

Registrable Common. (a) any shares of Common Stock that have been issued or are issuable upon the conversion of the Preferred Stock, (b) any such shares of Common Stock held by an individual or entity that has been made a party to this Agreement under SECTION 9 to the extent provided when such rights are granted in compliance with this Agreement, and (c) any shares of Common Stock issued as a dividend, stock split, reclassification, recapitalization or other distribution with respect to or in exchange for or... replacement of any Registrable Common; provided, however, that shares of Common Stock shall no longer be Registrable Common (i) when they shall have been effectively registered under the Securities Act and sold by the Holder thereof in accordance with such registration or sold by the Holder pursuant to Section 4(1) of the Securities Act or Rule 144, or (ii) if at any time after the Entellus Medical, Inc. Fifth Amended and Restated Registration Rights Agreement Page 1 Company's initial public offering, (x) the Holder thereof holds one percent (1%) or less of the Company's outstanding Common Stock (on an as-if-converted-to-Common-Stock basis), and (y) all such shares of Common Stock held by such Holder (together with any affiliate of the Holder with whom such Holder must aggregate its sales under Rule 144) can be sold in any three (3)-month period without registration in compliance with Rule 144. View More