Which variables can be used in Word templates?

You can upload your own Word template for option grant letters and other transactions. This article shows the available variables and how to define them in your documents.

General variables

Name Example
{today} 18 Mar 2020
{currency} EUR

Option, warrant and phantom grant variables

Name Example
{stakeholder}  Stakeholder variables
{amount} 10,000
{strikePrice} 3.1415926535
{date} 12 July 1969
{expiryDate} 13 Mar 2100
{notes}  
{vesting} Vesting variables

Share issuance variables

Name Example
{stakeholder}  Stakeholder object
{amount} 10,000
{sharePrice}  3.1415926535
{class} Common
{date} 12 July 1969
{notes}  
{vesting} Vesting variables

Share certificates

The template for share issuances can be used to generate share certificates for all share issuance transactions.

Option exercise variables

The same variables as for share issuance template are available for option exercise transactions.

Stakeholder variables

Name Example
{name}  Elon Must
{email} elon@must.com
{nationality} US
{birthdate} 28 Jun 1971
{notes}  
{address.line1} Rocket Road 1
{address.line2} c/o SpaceX Corp.
{address.postcode} 9808
{address.city} Hawthorne
{address.country} US

Usage

Stakeholder variables can be used wherever a stakeholder is involved. Just reference the sub-fields of the stakeholder like {stakeholder.name}, as shown in the example below.

  • Option grant
  • Share issuance and share certificate
  • Option exercise transaction

Vesting variables

{vesting.startDate} 12 July 1969
{vesting.duration} 48
{vesting.interval} 1
{vesting.cliff} 12

Usage

Stakeholder variables can be used wherever vesting or reverse vesting can be added. Just reference the sub-fields of the vesting like {vesting.duration}, as shown in the example below. Currently templating only supports simple vesting schedules.

  • Option grant
  • Share issuance and share certificate
  • Option exercise transaction

Example

Let’s put the following text in a Word document for an option grant template:

Berlin, {today}

Dear {stakeholder.name},

We hereby grant you the following number of Virtual Options according to the terms and conditions contained in the Agreement and in this Grant:

Number of Options:     {amount}
Grant Date:                    {date}
Exercise Price:               {currency} {strikePrice}
Vesting:                           {vesting.duration} years, {vesting.cliff} months cliff, vests every {vesting.interval} months

Sincerely yours,

Gwynne Sheetwell, Tom Baker

The resulting PDF will contain:

Berlin, 18 Mar 2020

Dear Elon Must,

We hereby grant you the following number of Virtual Options according to the terms and conditions contained in the Agreement and in this Grant:

Number of Options:     10,000
Grant Date:                    14 Mar 2020
Exercise Price:               EUR 3.1415926535
Vesting:                           4 years, 6 months cliff, vests every 6 months

Sincerely yours,

Gwynne Sheetwell, Tom Baker