BrightPoint Executive Stock Ownership Policy
With the goal of further aligning the interests of our key executives with those of our shareholders, BrightPoint has adopted a common stock ownership policy (the "Executive Stock Ownership Policy" or the "Policy") for the Company's Chief Executive Officer, Named Executive Officers and the Regional Presidents ("Covered Executives").
Covered Executives
The Company's Executive Stock Ownership Policy applies to the Covered Executives and requires them to own or hold the amount of Qualifying Shares (as defined below) with a market value equal to the amount set forth below:
| POSITION | | STOCK OWNERSHIP REQUIREMENT |
| Chief Executive Officer | | A multiple of one and one-half (1 1/2) times Base Salary |
| Regional Presidents | | A multiple of one (1) times Base Salary |
| Named Executive Officers ("NEOs") | | A multiple of one (1) times Base Salary |
Stock Ownership Requirements
The Covered Executives Stock Ownership Requirement will be re-evaluated and re-calculated annually as a result of any change of Base Salary or when the Covered Executive changes roles. Additionally, the Covered Executive's Stock Ownership Requirement will not change as a result of fluctuations in the market price of the Company's stock or, in the case of a stock split, reverse stock split, stock dividend or similar change in the Company's capital structure.
Qualifying Shares
The Stock Ownership Requirement shall include all of the following ("Qualifying Shares"):
• Stock purchased on the open market
• Stock obtained through stock option exercises
• Stock obtained through any Company sponsored Employee Stock Purchase Plan
• Vested and unvested (unforfeited) Restricted Stock
• Vested and unvested (unforfeited) Restricted Stock Units
• Stock beneficially owned in a trust, by a spouse or minor children
• Stock indirectly owned through a partnership agreement (i.e. Dangaard Holding)
Timeline
The Covered Executive must achieve the Stock Ownership Requirement within five years of the adoption of this Policy or upon five years of becoming a "Covered Employee". The Stock Ownership Requirements set forth in this Policy may be waived, in the discretion of the Company's Compensation and Human Resources Committee, including, but not limited to if the compliance with the Stock Ownership Requirement would create a severe hardship or prevent a Covered Executive from complying with a court order, satisfying a tax liability or another similar obligation.
