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Equity

Ancestry wants you to feel, think, and act like an owner of our company, so we can all work together as one "Team Ancestry."

Equity is a form of non-cash compensation that allows you to share in Ancestry's success—and gives you a piece of company ownership. These ownership pieces are called Investor Interests (similar to stock, shares, etc.). Equity helps everyone on the team commit to our customer focus, maintain the right balance between short- and long-term goals, and share in the benefits and responsibilities of being an Ancestry owner.

Equity eligibility includes all part-time and full-time employees globally excluding interns, co-ops, temporary employees, contract employees, and fixed-term employees. Positions below director level will be eligible for Restricted Stock Units and positions at director level and above will continue to be eligible for Stock Options.

Ancestry uses Charles Schwab to assist in administering the equity plan. You may view your grant, vesting schedule, and accept grants as necessary through your Charles Schwab account. Learn more about opening and managing your Charles Schwab account.

Ancestry

Fair Market Value as determined by the Compensation Committee is $36 as of September 30, 2019.

Ancestry offers the following forms of equity compensation:

Stock options

What are stock options?

An employee stock option grant is a right to purchase Ancestry stock or Investor Interests at a set price known as the exercise or strike price after the option vests. Potential gain comes from the difference between the fair market value of the company shares and the stock option strike price. As the fair market value increases, so does the value of your stock options!

Typically, Ancestry option grants vest over five years with 20% vesting around the one-year anniversary of the grant date, then 5% quarterly thereafter for the remaining four years.

Key items:

  • The strike price is the FMV of the company stock on the grant date.
  • Grant date is the date on which the company’s Operating Committee or its designee approves your grant.
  • Upon exercise of the stock option, taxes are due for the difference between the strike price and the then-current fair market value of the Ancestry stock or Investor Interest.
  • You become a shareholder after exercising the stock option.

If you leave the company, you will forfeit all unvested stock options upon your departure and you will have 90 days to exercise any exercisable, vested stock options.

Restricted Stock Units (RSUs)

What are RSUs?

A Restricted Stock Unit grant gives you the right to receive Investor Interest(s) when vesting conditions are met. RSUs are given to you at no cost. Ancestry Restricted Stock Unit grants vest over three years with one third vesting on or around the one-year anniversary of the grant date, then quarterly thereafter for the remaining two years. Upon each vesting date, you will receive the number of Investor Interests equal to the number of RSUs vesting (net of taxes).

Key items:

  • Grant date is the date on which the company’s Operating Committee or its designee approves your grant.
  • You are not required to pay anything for the RSUs to vest.
  • Upon vesting, taxes are due. Unless selected otherwise, shares will be withheld to cover the tax liability.
  • You become a shareholder after the RSU vests and the required tax liability is met.

If you leave the company, you will forfeit all unvested RSUs upon your departure.