General Corporation Law of the State of Delaware
1. | The present name of the corporation is Wells Fargo & Company. | ||
2. | The corporation was originally incorporated under the name Northwest Bancorporation, and its original Certificate of Incorporation was filed with the Secretary of State of the State of Delaware on January 24, 1929. On April 26, 1983 the corporation filed an amendment to its Certificate of Incorporation to change its name from Northwest Bancorporation to Norwest Corporation effective April 29, 1983, and on November 2, 1998 the corporation filed an amendment to its Certificate of Incorporation to change its name from Norwest Corporation to Wells Fargo & Company. | ||
3. | The corporation’s Board of Directors has duly adopted this Restated Certificate of Incorporation in accordance with the provisions of Section 245 of the General Corporation Law of the State of Delaware. This Restated Certificate of Incorporation only restates and integrates and does not further amend the provisions of the corporation’s Certificate of Incorporation, as theretofore amended or supplemented or restated, and there is no discrepancy between those provisions and the provisions of this Restated Certificate of Incorporation. | ||
4. | The text of the corporation’s Certificate of Incorporation, as heretofore amended or supplemented or restated, is hereby restated to read in its entirety as follows: |
-2-
-3-
-4-
-5-
Exhibit F | 2002 ESOP Cumulative Convertible Preferred Stock | |
Exhibit G | 2003 ESOP Cumulative Convertible Preferred Stock | |
Exhibit H | 2004 ESOP Cumulative Convertible Preferred Stock | |
Exhibit I | 2005 ESOP Cumulative Convertible Preferred Stock | |
Exhibit J | 2006 ESOP Cumulative Convertible Preferred Stock |
Name | Residence | No. of Shares | ||
A. V. Lane | Wilmington, Delaware | 18 | ||
C. S. Peabbles | Wilmington, Delaware | 1 | ||
L. E. Gray | Wilmington, Delaware | 1 |
-6-
-7-
-8-
/s/ Richard M. Kovacevich | ||||||
Richard M. Kovacevich, Chairman | ||||||
Attest: | /s/ Laurel A. Holschuh | |||||
Laurel A. Holschuh, Secretary |
-9-
Pursuant to Section 151 of the
General Corporation Law of the State of Delaware
(Without Par Value)
F-1
F-2
F-3
F-4
F-5
Closing Price on 11/30 | First Target Price | Second Target Price | ||||||
2003 | $57.194 | $63.481 | ||||||
2004 | 61.999 | 73.258 | ||||||
2005 | 67.206 | 84.539 | ||||||
2006 | 72.852 | 97.558 | ||||||
2007 | 78.971 | 112.582 | ||||||
2008 | 85.605 | 129.920 | ||||||
2009 | 92.796 | 149.927 | ||||||
2010 | 100.591 | 173.016 | ||||||
2011 | 109.040 | 199.661 |
F-6
F-7
F-8
F-9
F-10
F-11
F-12
F-13
F-14
F-15
F-16
Pursuant to Section 151 of the
General Corporation Law of the State of Delaware
(Without Par Value)
G-1
G-2
G-3
G-4
G-5
Closing Price on 11/30 | First Target Price | Second Target Price | ||||||
2004 | 51.914 | 57.922 | ||||||
2005 | 56.275 | 66.842 | ||||||
2006 | 61.002 | 77.136 | ||||||
2007 | 66.126 | 89.015 | ||||||
2008 | 71.681 | 102.723 | ||||||
2009 | 77.702 | 118.542 | ||||||
2010 | 84.229 | 136.798 | ||||||
2011 | 91.304 | 157.865 | ||||||
2012 | 98.974 | 182.176 |
G-6
G-7
G-8
G-9
G-10
G-11
G-12
G-13
G-14
G-15
Pursuant to Section 151 of the
General Corporation Law of the State of Delaware
(Without Par Value)
H-1
H-2
H-3
H-4
H-5
Closing Price on 11/30 | First Target Price | Second Target Price | ||||||
2005 | 65.823 | 73.447 | ||||||
2006 | 71.286 | 84.685 | ||||||
2007 | 77.203 | 97.642 | ||||||
2008 | 83.610 | 112.581 | ||||||
2009 | 90.550 | 129.806 | ||||||
2010 | 98.066 | 149.666 | ||||||
2011 | 106.205 | 172.565 | ||||||
2012 | 115.020 | 198.967 | ||||||
2013 | 124.567 | 229.409 |
H-6
H-7
H-8
H-9
H-10
H-11
H-12
H-13
H-14
H-15
Pursuant to Section 151 of the
General Corporation Law of the State of Delaware
(Without Par Value)
I-1
I-2
I-3
I-4
I-5
Closing Price on 11/30 | First Target Price | Second Target Price | ||
2006 | $66.659 | $74.447 | ||
2007 | 71.591 | 85.167 | ||
2008 | 76.889 | 97.431 | ||
2009 | 82.579 | 111.461 | ||
2010 | 88.690 | 127.511 | ||
2011 | 95.253 | 145.873 | ||
2012 | 102.302 | 166.879 | ||
2013 | 109.872 | 190.909 | ||
2014 | 118.002 | 218.400 |
I-6
I-7
I-8
I-9
I-10
I-11
I-12
I-13
I-14
I-15
Pursuant to Section 151 of the
General Corporation Law of the State of Delaware
(Without Par Value)
J-1
J-2
J-3
J-4
J-5
Closing Price on 11/30 | First Target Price | Second Target Price | ||
2007 | $72.625 | $81.118 | ||
2008 | 77.926 | 92.718 | ||
2009 | 83.615 | 105.976 | ||
2010 | 89.719 | 121.131 | ||
2011 | 96.268 | 138.453 | ||
2012 | 103.296 | 158.251 | ||
2013 | 110.837 | 180.881 | ||
2014 | 118.928 | 206.747 | ||
2015 | 127.609 | 236.312 |
J-6
J-7
J-8
J-9
J-10
J-11
J-12
J-13
J-14
J-15
Pursuant to Section 151 of the
General Corporation Law of the State of Delaware
(Without Par Value)
-1-
-2-
-3-
-4-
-5-
Closing Price on 11/30 | First Target Price | Second Target Price | ||
2008 | $38.649 | $43.120 | ||
2009 | 41.316 | 49.071 | ||
2010 | 44.167 | 55.843 | ||
2011 | 47.215 | 63.549 | ||
2012 | 50.472 | 72.319 | ||
2013 | 53.955 | 82.299 | ||
2014 | 57.678 | 93.656 | ||
2015 | 61.658 | 106.580 | ||
2016 | 65.912 | 121.288 |
-6-
-7-
-8-
-9-
-10-
-11-
-12-
-13-
-14-
-15-
WELLS FARGO & COMPANY | ||||
By | /s/ Richard M. Kovacevich | |||
Richard M. Kovacevich | ||||
Chairman and | ||||
Chief Executive Officer | ||||
Attest: | ||||
/s/ Rachelle M. Graham | ||||
Rachelle M. Graham | ||||
Assistant Secretary |
-16-
Pursuant to Section 151 of the
General Corporation Law of the State of Delaware
(Without Par Value)
-1-
-2-
-3-
-4-
-5-
Closing Price on 11/30 | First Target Price | Second Target Price | ||
2009 | 33.444 | 37.899 | ||
2010 | 36.120 | 43.963 | ||
2011 | 39.009 | 50.997 | ||
2012 | 42.130 | 59.157 | ||
2013 | 45.500 | 68.622 | ||
2014 | 49.140 | 79.601 | ||
2015 | 53.072 | 92.338 | ||
2016 | 57.317 | 107.112 | ||
2017 | 61.903 | 124.249 |
-6-
-7-
-8-
-9-
-10-
-11-
-12-
-13-
-14-
-15-
WELLS FARGO & COMPANY | ||||
By | /s/ John G. Stumpf | |||
John G. Stumpf | ||||
President and | ||||
Chief Executive Officer | ||||
Attest: | ||||
/s/ Jeannine E. Zahn | ||||
Jeannine E. Zahn | ||||
Assistant Secretary |
-16-
General Corporation Law
of the State of Delaware
(Without Par Value)
- 1 -
- 2 -
- 3 -
- 4 -
- 5 -
- 6 -
• | the redemption date; | ||
• | the number of shares of Series A Preferred Stock to be redeemed and, if less than all the shares held by such holder are to be redeemed, the number of such shares to be redeemed from such holder; | ||
• | the redemption price; and | ||
• | the place or places where the shares are to be redeemed. |
- 7 -
- 8 -
- 9 -
Wells Fargo & Company | ||||
By: | /s/ Barbara S. Brett | |||
Barbara S. Brett, Senior Vice President and | ||||
Assistant Treasurer | ||||
/s/ Laurel A. Holschuh | ||||
Laurel A. Holschuh, Secretary |
- 10 -
Pursuant to Section 151(g) of the
General Corporation Law
of the State of Delaware
(Without Par Value)
-1-
-2-
-3-
-4-
-5-
-6-
• | the redemption date; | ||
• | the number of shares of Series B Preferred Stock to be redeemed and, if less than all the shares held by such holder are to be redeemed, the number of such shares to be redeemed from such holder; | ||
• | the redemption price; and | ||
• | the place or places where the shares are to be redeemed. |
-7-
-8-
-9-
Wells Fargo & Company | ||||
By: | /s/ Barbara S. Brett | |||
Barbara S. Brett, Senior Vice President and Assistant Treasurer | ||||
/s/ Laurel A. Holschuh |
-10-
General Corporation Law
of the State of Delaware
(Without Par Value)
-1-
-2-
WELLS FARGO & COMPANY | ||||
By: | /s/ Barbara S. Brett | |||
Barbara S. Brett, Senior Vice President | ||||
and Assistant Treasurer | ||||
/s/ Laurel A. Holschuh |
-3-
General Corporation Law
of the State of Delaware
(Without Par Value)
-1-
-2-
-3-
-4-
-5-
-6-
WELLS FARGO & COMPANY | ||||
By: | /s/ Barbara S. Brett | |||
Barbara S. Brett, Senior Vice President | ||||
and Assistant Treasurer | ||||
/s/ Laurel A. Holschuh |
-7-
General Corporation Law
of the State of Delaware
(Without Par Value)
-1-
-2-
-3-
-4-
-5-
-6-
-7-
WELLS FARGO & COMPANY | ||||
By: | /s/ Barbara S. Brett | |||
Barbara S. Brett, Senior Vice President | ||||
and Assistant Treasurer | ||||
/s/ Laurel A. Holschuh |
-8-
General Corporation Law
of the State of Delaware
(Without Par Value)
-1-
-2-
-3-
-4-
-5-
-6-
WELLS FARGO & COMPANY | ||||
By: | /s/ Barbara S. Brett | |||
Barbara S. Brett, Senior Vice President | ||||
and Assistant Treasurer | ||||
/s/ Laurel A. Holschuh |
-7-
General Corporation Law
of the State of Delaware
(Without Par Value)
-1-
-2-
-3-
-4-
-5-
-6-
-7-
WELLS FARGO & COMPANY | ||||
By: | /s/ Barbara S. Brett | |||
Barbara S. Brett, Senior Vice President | ||||
and Assistant Treasurer | ||||
/s/ Laurel A. Holschuh |
-8-
General Corporation Law
of the State of Delaware
PREFERRED STOCK, SERIES K
(Without Par Value)
-1-
-2-
-3-
-4-
-5-
-6-
-7-
-8-
WELLS FARGO & COMPANY | ||||
By: | /s/ Barbara S. Brett | |||
Barbara S. Brett, Senior Vice President | ||||
and Assistant Treasurer | ||||
/s/ Laurel A. Holschuh |
-9-
General Corporation Law
of the State of Delaware
CLASS A PREFERRED STOCK, SERIES L
(Without Par Value)
-1-
-2-
-3-
-4-
-5-
-6-
-7-
-8-
-9-
-10-
-11-
-12-
-13-
Effective Date | $120.54 | $125.57 | $138.12 | $150.68 | $156.71 | $175.79 | $203.72 | $226.02 | $251.13 | $301.36 | $401.81 | $502.26 | ||||||||||||||||||||||||||||||||||||
April 17, 2008 | 1.9153 | 1.8855 | 1.5191 | 1.1110 | 0.9497 | 0.6471 | 0.3962 | 0.2847 | 0.2091 | 0.1354 | 0.0757 | 0.0458 | ||||||||||||||||||||||||||||||||||||
March 15, 2009 | 1.9153 | 1.8775 | 1.5052 | 1.0951 | 0.9437 | 0.6331 | 0.3763 | 0.2588 | 0.1852 | 0.1175 | 0.0697 | 0.0438 | ||||||||||||||||||||||||||||||||||||
March 15, 2010 | 1.9153 | 1.8397 | 1.4913 | 1.0871 | 0.9378 | 0.6073 | 0.3365 | 0.2210 | 0.1533 | 0.0956 | 0.0577 | 0.0358 | ||||||||||||||||||||||||||||||||||||
March 15, 2011 | 1.9153 | 1.7899 | 1.4694 | 1.0731 | 0.9238 | 0.5794 | 0.2887 | 0.1712 | 0.1075 | 0.0657 | 0.0398 | 0.0259 | ||||||||||||||||||||||||||||||||||||
March 15, 2012 | 1.9153 | 1.7561 | 1.4355 | 1.0652 | 0.9139 | 0.5356 | 0.2051 | 0.0896 | 0.0458 | 0.0299 | 0.0199 | 0.0119 | ||||||||||||||||||||||||||||||||||||
March 15, 2013 | 1.9153 | 1.6704 | 1.4275 | 1.0592 | 0.9119 | 0.5097 | 0.0916 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | ||||||||||||||||||||||||||||||||||||
Thereafter | 1.9153 | 1.6704 | 1.4275 | 1.0592 | 0.9119 | 0.5097 | 0.0916 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
-14-
-15-
-16-
-17-
CR0 | = | the Conversion Rate in effect at the close of business on the Record Date | ||||
CR1 | = | the Conversion Rate in effect immediately after the Record Date | ||||
OS0 | = | the number of shares of Common Stock outstanding at the close of business on the Record Date prior to giving effect to such event | ||||
OS1 | = | the number of shares of Common Stock that would be outstanding immediately after, and solely as a result of, such event |
CR0 | = | the Conversion Rate in effect at the close of business on the Record Date | ||||
CR1 | = | the Conversion Rate in effect immediately after the Record Date | ||||
OS0 | = | the number of shares of Common Stock outstanding at the close of business on the Record Date | ||||
X | = | the total number of shares of Common Stock issuable pursuant to such rights or warrants (or upon conversion of such securities) |
-18-
Y | = | the number of shares equal to the quotient of the aggregate price payable to exercise such rights or warrants (or the conversion price for such securities paid upon conversion) divided by the average of the VWAP of the Common Stock over each of the ten consecutive VWAP Trading Days prior to the Business Day immediately preceding the announcement of the issuance of such rights or warrants |
CR0 | = | the Conversion Rate in effect at the close of business on the Record Date | ||||
CR1 | = | the Conversion Rate in effect immediately after the Record Date | ||||
SP0 | = | the Current Market Price as of the Record Date | ||||
FMV | = | the fair market value (as determined by the board of directors) on the Record Date of the shares of capital stock of the Corporation, evidences of indebtedness or assets so distributed, applicable to one share of Common Stock |
-19-
CR0 | = | the Conversion Rate in effect at the close of business on the Record Date | ||||
CR1 | = | the Conversion Rate in effect immediately after the Record Date | ||||
FMV0 | = | the average of the VWAP of the Capital Stock distributed to holders of Common Stock applicable to one share of Common Stock over each of the 10 consecutive VWAP Trading Days commencing on and including the third VWAP Trading Day after the date on which “ex-distribution trading” commences for such dividend or distribution on the NYSE or such other national or regional exchange or association or over-the-counter market, or, if not so traded or quoted, the fair market value of the capital stock or similar equity interests distributed to holders of Common Stock applicable to one share of Common Stock as determined by the board of directors | ||||
MP0 | = | the average of the VWAP of the Common Stock over each of the 10 consecutive VWAP Trading Days commencing on and including the third VWAP Trading Day after the date on which “ex-distribution trading” commences for such dividend or distribution on the NYSE or such other national or regional exchange or association or over-the-counter market on which Common Stock is then traded or quoted |
CR0 | = | the Conversion Rate in effect at the close of business on the Record Date | ||||
CR1 | = | the Conversion Rate in effect immediately after the Record Date | ||||
SP0 | = | the Current Market Price as of the Record Date | ||||
C | = | the amount in cash per share equal to (1) in the case of a regular quarterly dividend, the amount the Corporation distributes to holders or pays, less the Dividend Threshold Amount or (2) in any other case, the amount the Corporation distributes to holders or pays |
-20-
CR0 | = | the Conversion Rate in effect at the close of business on the Expiration Date | ||||
CR1 | = | the Conversion Rate in effect immediately after the Expiration Date | ||||
FMV | = | the fair market value (as determined by the board of directors), on the Expiration Date, of the aggregate value of all cash and any other consideration paid or payable for shares validly tendered or exchanged and not withdrawn as of the Expiration Date (the “Purchased Shares”) | ||||
OS1 | = | the number of shares of Common Stock outstanding as of the last time tenders or exchanges may be made pursuant to such tender or exchange offer (the “Expiration Time”) less any Purchased Shares | ||||
OS0 | = | the number of shares of Common Stock outstanding at the Expiration Time, including any Purchased Shares | ||||
SP1 | = | the average of the VWAP of the Common Stock over each of the ten consecutive VWAP Trading Days commencing with the VWAP Trading Day immediately after the Expiration Date. |
-21-
-22-
-23-
-24-
-25-
WELLS FARGO & COMPANY | ||||
By: | /s/ Barbara S. Brett | |||
Barbara S. Brett, Senior Vice President | ||||
and Assistant Treasurer | ||||
/s/ Laurel A. Holschuh | ||
-26-
Pursuant to Section 151 of the
General Corporation Law of the State of Delaware
(Without Par Value)
- 1 -
- 2 -
- 3 -
- 4 -
Closing Price on 11/30 | First Target Price | Second Target Price | ||||||||||
2011 | 35.445 | 41.275 | ||||||||||
2012 | 38.990 | 49.530 | ||||||||||
2013 | 42.889 | 59.436 | ||||||||||
2014 | 47.178 | 71.323 | ||||||||||
2015 | 51.895 | 85.588 | ||||||||||
2016 | 57.085 | 102.706 | ||||||||||
2017 | 62.793 | 123.247 | ||||||||||
2018 | 69.073 | 147.896 | ||||||||||
2019 | 75.980 | 177.475 |
- 5 -
- 6 -
- 7 -
- 8 -
- 9 -
- 10 -
- 11 -
- 12 -
- 13 -
WELLS FARGO & COMPANY | ||||
By | /s/ John G. Stumpf | |||
John G. Stumpf | ||||
Chairman, President and Chief Executive Officer | ||||
/s/ Jeannine E. Zahn | ||
Assistant Secretary |
- 14 -
OF
CERTIFICATE OF INCORPORATION
General Corporation Law of the State of Delaware
-1-
(Corporate Seal) | WELLS FARGO & COMPANY: | |||
By: | /s/ Laurel A. Holschuh | |||
Senior Vice President | ||||
By: | /s/ Rachelle M. Graham | |||
-2-
Pursuant to Section 151 of the
General Corporation Law of the State of Delaware
(Without Par Value)
1
2
3
4
Closing Price on 11/30 | First Target Price | Second Target Price | ||||||||||
2012 | 38.559 | 45.346 | ||||||||||
2013 | 42.705 | 55.095 | ||||||||||
2014 | 47.295 | 66.941 | ||||||||||
2015 | 52.380 | 81.333 | ||||||||||
2016 | 58.010 | 98.820 | ||||||||||
2017 | 64.247 | 120.066 | ||||||||||
2018 | 71.153 | 145.880 | ||||||||||
2019 | 78.802 | 177.244 | ||||||||||
2020 | 87.273 | 215.352 |
5
6
7
8
9
10
11
12
13
14
WELLS FARGO & COMPANY | ||||
By | /s/ John G. Stumpf | |||
John G. Stumpf | ||||
Chairman, President and Chief Executive Officer | ||||
/s/ Jeannine E. Zahn | ||
Assistant Secretary |
15