As filed with the Securities and Exchange Commission on May 21, 2013
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
priceline.com Incorporated
(Exact Name of Registrant as Specified in its Charter)
Delaware |
| 06-1528493 |
(State or other jurisdiction of |
| (I.R.S. employer |
Incorporation or organization) |
| identification no.) |
800 Connecticut Avenue
Norwalk, Connecticut 06854
(Address of principal executive offices, including zip code)
KAYAK Software Corporation 2012 Equity Incentive Plan
KAYAK Software Corporation Third Amended and Restated 2005 Equity Incentive Plan
KAYAK Software Corporation 2004 Stock Incentive Plan
(Full title of the plans)
PETER J. MILLONES
General Counsel
800 Connecticut Avenue
Norwalk, Connecticut 06854
(203) 299-8000
(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service)
With copies to:
KEITH A. PAGNANI
BRIAN E. HAMILTON
Sullivan & Cromwell LLP
125 Broad Street
New York, NY 10004
(212) 558-4000
Indicate by check mark whether the registrant is a large accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. Check one:
Large accelerated filer x |
| Accelerated filer o |
Non-accelerated filer o (Do not check if a smaller reporting company) |
| Smaller reporting company o |
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered |
| Amount to be |
| Proposed maximum |
| Proposed |
| Amount of |
|
Common Stock, par value $0.008 per share, under the KAYAK Software Corporation 2012 Equity Incentive Plan |
| 122,984 | (2) | $785.02 | (6) | $96,544,899.68 | (6) | $13,168.72 | (6) |
Common Stock, par value $0.008 per share, under the KAYAK Software Corporation 2012 Equity Incentive Plan |
| 33,668 | (3) | $589.50 | (7) | $19,847,286.00 | (7) | $2,707.17 | (7) |
Common Stock, par value $0.008 per share, under the KAYAK Software Corporation Third Amended and Restated 2005 Equity Incentive Plan |
| 507,491 | (4) | $251.04 | (7) | $127,400,540.64 | (7) | $17,377.43 | (7) |
Common Stock, par value $0.008 per share, under the KAYAK Software Corporation 2004 Equity Incentive Plan |
| 13,344 | (5) | $18.41 | (7) | $245,663.04 | (7) | $33.51 | (7) |
TOTAL |
| 677,487 |
| — |
| $244,038,389.36 |
| $33,286.84 |
|
(1) | Pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement also covers an indeterminate number of shares of Common Stock which may become issuable pursuant to the anti-dilution provisions of the KAYAK Software Corporation 2012 Equity Incentive Plan, the KAYAK Software Corporation Third Amended and Restated 2005 Equity Incentive Plan and the KAYAK Software Corporation 2004 Stock Incentive Plan (the “Stock Incentive Plans”). |
(2) | Represents 122,984 shares of common stock of priceline.com reserved for issuance under the KAYAK Software Corporation 2012 Equity Incentive Plan. For more details, please see the explanatory note following this page. |
(3) | Represents 33,668 shares of common stock of priceline.com issuable pursuant to outstanding stock options under the KAYAK Software Corporation 2012 Equity Incentive Plan being assumed pursuant to a merger by and among priceline.com, KAYAK Software Corporation and Produce Merger Sub, Inc. For more details, please see the explanatory note following this page. |
(4) | Represents 507,491 shares of common stock of priceline.com issuable pursuant to outstanding stock options under the KAYAK Software Corporation Third Amended and Restated 2005 Equity Incentive Plan being assumed pursuant to a merger by and among priceline.com, KAYAK Software Corporation and Produce Merger Sub, Inc. For more details, please see the explanatory note following this page. |
(5) | Represents 13,344 shares of common stock of priceline.com issuable pursuant to outstanding stock options under the KAYAK Software Corporation 2004 Stock Incentive Plan being assumed pursuant to a merger by and among priceline.com, KAYAK Software Corporation and Produce Merger Sub, Inc. For more details, please see the explanatory note following this page. |
(6) | Estimated solely for purposes of calculating the registration fee in accordance with Rules 457(c) and 457(h) under the Securities Act, based on the average of the high and low sales prices per share of the Common Stock as reported on the New York Stock Exchange on May 14, 2013. |
(7) | Estimated solely for purposes of calculating the registration fee in accordance with Rule 457(h) under the Securities Act, based on the weighted average exercise price of the outstanding stock options under the applicable Stock Incentive Plan being assumed pursuant to a merger by and among priceline.com, KAYAK Software Corporation and Produce Merger Sub, Inc. |
EXPLANATORY NOTE
Priceline.com Incorporated (“priceline.com” or the “Registrant”) is filing this Registration Statement on Form S-8 with respect to up to 677,487 of its shares of its common stock, par value $0.008 per share (“Common Stock”), issuable in connection with the Stock Incentive Plans.
Pursuant to the Agreement and Plan of Merger, dated as of November 8, 2012 (the “Merger Agreement”), by and among KAYAK Software Corporation (“KAYAK”), priceline.com and Produce Merger Sub, Inc., KAYAK merged with and into Produce Merger Sub, Inc., a wholly-owned subsidiary of priceline.com, on May 21, 2013 (the “Effective Time”). In accordance with the Merger Agreement, at the effective time of the transactions contemplated therein, priceline.com assumed each outstanding option to purchase shares of KAYAK common stock granted under the Stock Incentive Plans (the “Options”). As a result of this assumption, at the Effective Time, the Options were converted to options to purchase shares of priceline.com Common Stock. Priceline.com also intends to issue future equity or equity-based awards under the KAYAK Software Corporation 2012 Equity Incentive Plan to employees who (a) were employees of KAYAK prior to the effective time of the transactions contemplated in the Merger Agreement or (b) were hired by priceline.com or any of its subsidiaries (including KAYAK) after the Effective Time.
PART I
Information required by Part I of Form S-8 to be contained in the Section 10(a) prospectus is omitted from this Registration Statement in accordance with Rule 428 under the Securities Act of 1933, as amended (the “Securities Act”), and the Note to Part I of Form S-8. The documents containing the information specified in Part I will be delivered to the participants in the Stock Incentive Plans as required by Rule 428(b). Such documents are not being filed with the Securities and Exchange Commission as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.
PART II
Item 3. Incorporation of Documents by Reference
The following documents filed by the Registrant are incorporated herein by reference:
(a) The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012, filed on February 27, 2013;
(b) The Registrant’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2012, filed on February 27, 2013;
(c) The Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2013, filed on May 9, 2013;
(d) The Registrant’s Current Reports on Form 8-K dated May 21, 2013, May 9, 2013, February 26, 2013, February 26, 2013, February 22, 2013 and January 3, 2013;
(e) The Registrant’s Current Report on Form 8-K/A dated October 10, 2012, filed February 22, 2013; and
(f) The description of the Registrant’s Common Stock in the registration statement on Form 8-A filed on March 18, 1999 (and any amendment or report filed for the purpose of updating such description) under Section 12(g) of the Exchange Act.
All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be
incorporated by reference herein and to be a part hereof from the date of filing of such documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with the Securities and Exchange Commission rules shall not be deemed incorporated by reference into this Registration Statement.
Item 4. Description of Securities
Not applicable.
Item 5. Interests of Named Experts and Counsel
The legality of the Common Stock to which this Registration Statement relates has been passed upon for the Registrant by Peter J. Millones, Esq., General Counsel of the Registrant. As of the date of this Registration Statement, Mr. Millones beneficially owned 3,903 shares of the Registrant’s Common Stock. Mr. Millones will not be eligible to receive Common Stock pursuant to the Stock Incentive Plans.
Item 6. Indemnification of Directors and Officers
Section 145 of the Delaware General Corporation Law (the “DGCL”) empowers a Delaware corporation to indemnify any persons who are, or are threatened to be made, parties to any threatened, pending or completed legal action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of such corporation) by reason of the fact that such person is or was an officer, director, employee or agent of such corporation, or is or was serving at the request of such corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise. The indemnity may include expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by such person in connection with such action, suit or proceeding, provided that such officer, director, employee or agent acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the corporation’s best interests, and, for criminal proceedings, had no reasonable cause to believe his or her conduct was unlawful. A Delaware corporation may indemnify officers and directors in an action by or in the right of the corporation under the same conditions, except that no indemnification is permitted without judicial approval if the officer or director is adjudged to be liable to the corporation. Where an officer or director is successful on the merits or otherwise in the defense of any action referred to above, the corporation must indemnify him or her against the expenses that such officer or director actually and reasonably incurred.
Article Seventh of the Registrant’s Amended and Restated Certificate of Incorporation provides that:
(1) the Registrant shall indemnify its directors and officers to the fullest extent authorized or permitted by law, provided that the Registrant is not obligated to indemnify a director or officer in connection with any proceeding initiated by any director or officer (other than a proceeding to enforce rights to indemnification) unless authorized or consented to by its Board of Directors;
(2) the Registrant may, to the extent authorized from time to time by its Board of Directors, indemnify its other employees and agents in a similar manner that it indemnifies its officers and directors;
(3) the right to indemnification in Article Seventh includes the right to be paid by the Registrant the expenses incurred in defending or otherwise participating in any proceeding in advance of its final disposition; and
(4) the rights conferred in Article Seventh are not exclusive of any other right any person may have or acquire under the Amended and Restated Certificate of Incorporation, the By-Laws of the Registrant, any statute, agreement, vote of stockholders of the Registrant or disinterested directors of the Registrant or otherwise.
Section 145 of the DGCL permits a corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person in such capacity, or arising
out of his or her status as such, whether or not the corporation would have the power to indemnify such person against such liability. The Registrant has obtained officers’ and directors’ liability insurance for the members of its Board of Directors and executive officers for certain losses arising from claims or charges made against them while acting in their capacities as directors and officers of the Registrant.
In addition, the Registrant has entered into indemnification agreements with certain officers of priceline.com and its subsidiaries, indemnifying each such person against losses, liabilities and expenses arising out of any claims made against such person by reason of his or her being a director or officer of the Registrant. Among other exclusions, the Registrant shall not indemnify any person with respect to claims involving breach of duty of loyalty; willful or intentional misconduct, gross negligence or a knowing and willful violation of law; unlawful payment of a dividend or distribution or unlawful stock or equity purchase or redemption; or any receipt of an improper personal benefit.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
The exhibits filed herewith or incorporated by reference herein are set forth in the Index to the Exhibits filed as part of this Registration Statement hereof.
Item 9. Undertakings.
The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement; and
(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material changes to such information in this Registration Statement;
provided, however, paragraphs (a)(1)(i) and (ii) above do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in this Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in this Registration
Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Norwalk, State of Connecticut, on May 21, 2013.
| priceline.com Incorporated | ||
|
|
| |
| By: | /s/ Jeffery H. Boyd | |
|
| Name: | Jeffery H. Boyd |
|
| Title: | Chief Executive Officer |
The undersigned officers and directors do hereby constitute and appoint Jeffery H. Boyd, Daniel J. Finnegan and Peter J. Millones, and each of them severally, with full power of substitution and re-substitution, as our true and lawful attorneys-in-fact and agents, to do any and all acts and things in our name and behalf in our capacities as directors and officers, and to execute any and all instruments for us and in our names in the capacities indicated below, that such person may deem necessary or advisable to enable the Registrant to comply with the Securities Act and any rules, regulations and requirements of the Securities and Exchange Commission in connection with this Registration Statement, including specifically, but not limited to, power and authority to sign for us, any of us, in the capacities indicated below, any and all amendments hereto (including pre-effective and post-effective amendments or any other registration statement filed pursuant to the provisions of Rule 462(b) under the Securities Act); and we do hereby ratify and confirm all that said attorneys-in-fact and agents, each acting alone, or his or her substitute, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities indicated on May 21, 2013.
Signature |
| Title |
|
|
|
/s/ Jeffery H. Boyd |
|
|
Jeffery H. Boyd |
| President and Chief Executive Officer and Director |
/s/ Daniel J. Finnegan |
|
|
Daniel J. Finnegan |
| Chief Financial Officer and Chief Accounting Officer |
/s/ Timothy M. Armstrong |
|
|
Timothy M. Armstrong |
| Director |
/s/ Ralph M. Bahna |
|
|
Ralph M. Bahna |
| Director |
/s/ Howard W. Barker, Jr. |
|
|
Howard W. Barker, Jr. |
| Director |
/s/ Jan L. Docter |
|
|
Jan L. Docter |
| Director |
/s/ Jeffrey E. Epstein |
|
|
Jeffrey E. Epstein |
| Director |
/s/ James M. Guyette |
|
|
James M. Guyette |
| Director |
/s/ Nancy B. Peretsman |
|
|
Nancy B. Peretsman |
| Director |
/s/ Thomas E. Rothman |
|
|
Thomas E. Rothman |
| Director |
/s/ Craig W. Rydin |
|
|
Craig W. Rydin |
| Director |
INDEX TO EXHIBITS
Exhibit |
| Exhibit |
4.1 |
| Amended and Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Form S-1 (Registration No. 333-69657) filed in connection with the Registrant’s initial public offering) |
|
|
|
4.2 |
| Certificate of Amendment to Amended and Restated Certificate of Incorporation, dated June 13, 2003 (incorporated by reference to Exhibit 3.4 to the Form S-3 (Registration Statement No. 333-190029) filed in connection with the Registrant’s registration of 1.00% Convertible Senior Notes due 2010 and Shares of Common Stock Issuable Upon Conversion of the Notes) |
|
|
|
4.3 |
| Certificate of Amendment to Amended and Restated Certificate of Incorporation, dated June 3, 2009 (incorporated by reference to Exhibit 3.1 of the Registrant’s Form 8-K filed on June 5, 2009) |
|
|
|
4.4 |
| Amended and Restated By-Laws of the Registrant (incorporated by reference to Exhibit 3.4 of the Registrant’s Annual Report on Form 10-K/A for the fiscal year ended December 31, 2012, filed on February 27, 2013) |
|
|
|
5 |
| Opinion of Peter J. Millones, Esq., General Counsel of priceline.com |
|
|
|
23.1 |
| Consent of Deloitte & Touche LLP, Independent Registered Public Accounting Firm |
|
|
|
23.2 |
| Consent of Peter J. Millones, Esq. (included in Exhibit 5) |
|
|
|
24 |
| Power of Attorney (set forth on the signature page) |
|
|
|
99.1 |
| KAYAK Software Corporation 2012 Equity Incentive Plan |
|
|
|
99.2 |
| KAYAK Software Corporation Third Amended and Restated 2005 Equity Incentive Plan |
|
|
|
99.3 |
| KAYAK Software Corporation 2004 Stock Incentive Plan |