Document:

First Amendment to Amended and Restated 2006 Stock Incentive Plan

 Exhibit 10.1 
 FIRST AMENDMENT TO 
 SERENA SOFTWARE, INC. 

AMENDED AND RESTATED 2006 STOCK INCENTIVE PLAN 
 THIS AMENDMENT (this “Amendment”) to the Serena Software, Inc. Amended and Restated 2006 Stock Incentive Plan (the “Plan”), dated as of October 10, 2012, is made and
entered into by Serena Software, Inc., a Delaware corporation (the “Company”). Any capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Plan. 

WHEREAS, Section 15(a) of the Plan provides that the Board may amend the Plan at any time, subject to the approval of the
Company’s stockholders; 
 WHEREAS, the Board desires to amend the Plan, subject to stockholder approval, to increase the
aggregate number of shares of Common Stock that may be issued or transferred under the Plan, as set forth in Section 4 of the Plan; and 
 WHEREAS, the Board has recommended that the stockholders of the Company approve and adopt this Amendment. 
 NOW THEREFORE, in accordance with Section 15(a) of the Plan, and subject to receipt of the requisite stockholder approval, the Company hereby amends the Plan as follows: 

 

	1.	Section 4(a) of the Plan is hereby deleted and replaced with the following new Section 4(a): 

(a) Shares Reserved for Issuance Under the Plan. Subject to the provisions of Section 11 relating to
adjustments upon changes in Common Stock, the Common Stock that may be issued pursuant to Stock Awards shall not exceed in the aggregate seventeen million fifteen thousand five hundred thirty-six (17,015,536) shares of Common Stock, reduced by
the number of shares of Common Stock either (i) issued or (ii) subject to the terms of a Stock Award granted under an international stock incentive plan adopted by the Company, if any. To the extent that a distribution pursuant to a Stock
Award is made in cash, the share reserve shall be reduced by the number of shares of Common Stock bearing a value equal to the amount of the cash distribution as of the time that such amount was determined. The maximum number of shares of Common
Stock that may be issued pursuant to Incentive Stock Options shall be seventeen million fifteen thousand five hundred thirty-six (17,015,536) shares of Common Stock. 

 

	2.	Except as provided herein, all other terms of the Plan remain in full force and effect. 

*            *          
  * 

 IN WITNESS WHEREOF, the Company has executed this Amendment as of the date first above
written. 
  

			
	SERENA SOFTWARE, INC.
		
		 	/s/ Edward Malysz
	  

	By:	 	Edward Malysz
	Title:	 	Senior Vice President, General CounselForm of First Amendment to Time and Performance Option Grant Notice

 Exhibit 10.2 
 FIRST AMENDMENT TO 
 SERENA SOFTWARE, INC. 

AMENDED AND RESTATED 2006 STOCK INCENTIVE PLAN 
 STOCK OPTION GRANT NOTICE 
 (Time and Performance Option) 

THIS AMENDMENT (this “Amendment”) is made as of
                    , 20     between Serena Software, Inc. (the “Company”) and
[                    ] (“Optionholder,” and together with the Company, the “Parties”), to the Stock Option Grant
Notice dated as of [                    ], between the Company and Optionholder (the “Grant Notice”). Any capitalized terms used but
not otherwise defined herein shall have the meaning set forth in the Grant Notice. 
 WHEREAS, the Parties entered into the
Grant Notice on [                    ]; and 
 WHEREAS, pursuant to Section 15(e) of the Plan, the Parties desire to amend the Grant Notice as set forth below. 
 NOW THEREFORE, for good and valid consideration, the sufficiency of which is hereby acknowledged, the Grant Notice is hereby amended as follows: 

 

	1.	The first and second bullets of Section IV of the Grant Notice are hereby deleted and replaced with the following bullets: 

 

	 	•	 	 1/7th of the Shares subject to the Performance Option shall vest upon the achievement of the EBITA Target for the second half of fiscal year 2010. 

 

	 	•	 	 2/7th of the Shares subject to the Performance Option shall be eligible to vest (the “Eligible Shares”) upon the achievement of the applicable EBITA Target for each of the fiscal years 2013,
2014 and 2015, as follows: 

  

	 	•	 	 The percentage of the Eligible Shares that shall vest in each of fiscal years 2013, 2014 and 2015 shall be determined in accordance with the table
below, subject to linear interpolation for EBITA achievement which falls in between the percentages below; provided, that there shall be no linear interpolation for EBITA achievement that is less than 90%: 

 

			
	 EBITA

Achievement
	  	 Percentage of Eligible Shares

that Vest Upon Attainment of
 Applicable EBITA Target

	     90%
	  	50%
	     95%
	  	75%
	    100%
	  	100%
	 3 105%
	  	150%

	2.	In Section IV of the Grant Notice, the EBITA Targets set forth below the sentence which reads “The EBITA Targets shall be as follows, subject to adjustment by the
Board as described below:” are hereby deleted and replaced with the following EBITA Targets: 

  

							
	 2H FY 2010
	  	FY 2013	  	FY 2014	  	FY 2015
	 $47,400,000
	  	$82,000,000	  	$83,000,000	  	$88,000,000

  

	3.	In Section IV of the Grant Notice, the paragraph beginning with the phrase “Notwithstanding the foregoing . . . ” (which is immediately following the
definition of “Net Profit (Loss)”) is hereby deleted in its entirety and replaced with the following: 

Notwithstanding the foregoing, in the event of a Change in Control or an Initial Public Offering where the price per Share (as determined
by the Board in good faith, as adjusted for stock dividends, stock splits, reverse stock splits, reorganizations, reclassifications or similar transactions, in accordance with the Plan) is valued at greater than $3.00 per Share (a “Liquidity
Event”) at the time of such Liquidity Event, a percentage of the portion of the Performance Option that is unvested as of immediately prior to the Liquidity Event will automatically vest and become exercisable immediately prior to the
occurrence of such Liquidity Event. The percentage that vests shall be determined in accordance with the following schedule, subject to linear interpolation for per Share values which fall between the values set forth below. Any Shares subject to
the Performance Option that have not become vested upon the occurrence of the Liquidity Event shall remain subject to the performance-based vesting schedule described above. 

 

			
	 Per Share Value
	  	 Percentage of the Unvested

Portion of the Performance
 Option that Vests

	 $3.00
	  	0%
	 $3.25
	  	33.3%
	 $3.50
	  	66.7%
	 $3.75
	  	100%

  

	4.	Except as provided herein, all other terms of the Grant Notice remain in full force and effect. 

 

	5.	This Amendment may be executed in two or more counterparts, and by different Parties on separate counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. 

 [Signatures Follow] 

 IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of the date first
above written. 
  

	
	SERENA SOFTWARE, INC.
	
	  

	By:
	Title:
	
	OPTIONHOLDER
	
	  

	Name:

 Spousal Consent (if applicable): 
 The undersigned spouse of Optionholder has read and hereby approves the terms and conditions of this Amendment and the Option Agreements, as amended. In consideration of the Company granting his or her
spouse the Option, the undersigned hereby agrees to be irrevocably bound by the terms and conditions of this Amendment and the Option Agreements, as amended, and, if the undersigned resides in a community property state, further agrees that any
community property interest shall be similarly bound. 
  

			
	  

	 Signature of Spouse

	
	  

	 Date:

 [Signature Page to Amendment to Option Grant Notice]Form of First Amendment to Time and Performance Option Grant Notice

 Exhibit 10.3 
 FIRST AMENDMENT TO 
 SERENA SOFTWARE, INC. 

AMENDED AND RESTATED 2006 STOCK INCENTIVE PLAN 
 STOCK OPTION GRANT NOTICE 
 (Time and Performance Option) 

THIS AMENDMENT (this “Amendment”) is made as of
                    , 20     between Serena Software, Inc. (the “Company”) and
[                    ] (“Optionholder,” and together with the Company, the “Parties”), to the Stock Option Grant
Notice dated as of [                    ], between the Company and Optionholder (the “Grant Notice”). Any capitalized terms used but
not otherwise defined herein shall have the meaning set forth in the Grant Notice. 
 WHEREAS, the Parties entered into the
Grant Notice on [                    ]; and 
 WHEREAS, pursuant to Section 15(e) of the Plan, the Parties desire to amend the Grant Notice as set forth below. 
 NOW THEREFORE, for good and valid consideration, the sufficiency of which is hereby acknowledged, the Grant Notice is hereby amended as follows: 

 

	1.	The first and second sentences of Section IV of the Grant Notice are hereby deleted in their entirety and replaced with the following: 

Subject to the Optionholder’s Continuous Service through each applicable vesting date, 1/3rd of the Shares subject to the Option shall be eligible to vest (the
“Eligible Shares”) upon the achievement of the applicable EBITA Target for each of fiscal years 2013, 2014 and 2015. 
 The percentage of the Eligible Shares that shall vest in each of fiscal years 2013, 2014 and 2015 shall be determined in accordance with the table below, subject to linear interpolation for EBITA
achievement which falls in between the percentages below; provided, that there shall be no linear interpolation for EBITA achievement that is less than 90%: 
  

			
	 EBITA

Achievement
	  	 Percentage of Eligible Shares

that Vest Upon Attainment of

Applicable EBITA Target

	     90%
	  	50%
	     95%
	  	75%
	    100%
	  	100%
	 3 105%
	  	150%

	2.	In Section IV of the Grant Notice, the EBITA Targets for FY 2011, FY 2012 and FY 2013 are hereby deleted and replaced with the following EBITA Targets for the following
fiscal years: 

  

					
	 FY 2013
	  	 FY 2014
	  	 FY 2015

	 $82,000,000
	  	$83,000,000	  	$88,000,000

  

	3.	In Section IV of the Grant Notice, the paragraph beginning with the phrase “Notwithstanding the foregoing . . . ” (which is immediately following the
definition of “Net Profit (Loss)”) is hereby deleted in its entirety and replaced with the following: 

Notwithstanding the foregoing, in the event of a Change in Control or an Initial Public Offering where the price per Share (as determined
by the Board in good faith, as adjusted for stock dividends, stock splits, reverse stock splits, reorganizations, reclassifications or similar transactions, in accordance with the Plan) is valued at greater than $3.00 per Share (a “Liquidity
Event”) at the time of such Liquidity Event, a percentage of the portion of the Performance Option that is unvested as of immediately prior to the Liquidity Event will automatically vest and become exercisable immediately prior to the
occurrence of such Liquidity Event. The percentage that vests shall be determined in accordance with the following schedule, subject to linear interpolation for per Share values which fall between the values set forth below. Any Shares subject to
the Performance Option that have not become vested upon the occurrence of the Liquidity Event shall remain subject to the performance-based vesting schedule described above. 

 

			
	 Per Share Value
	  	
Percentage of the Unvested
Portion of the Performance
Option that
Vests

	 $3.00
	  	0%
	 $3.25
	  	33.3%
	 $3.50
	  	66.7%
	 $3.75
	  	100%

  

	4.	Except as provided herein, all other terms of the Grant Notice remain in full force and effect. 

 

	5.	This Amendment may be executed in two or more counterparts, and by different Parties on separate counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. 

 [Signatures Follow] 

 IN WITNESS WHEREOF, the Parties hereto have executed this Amendment as of the date first
above written. 
  

			
	SERENA SOFTWARE, INC.
	
	  

	By:	 	
	Title:	 	
	
	OPTIONHOLDER
	
	  

	Name:	 	

 Spousal Consent (if applicable): 
 The undersigned spouse of Optionholder has read and hereby approves the terms and conditions of this Amendment and the Option Agreements, as amended. In consideration of the Company granting his or her
spouse the Option, the undersigned hereby agrees to be irrevocably bound by the terms and conditions of this Amendment and the Option Agreements, as amended, and, if the undersigned resides in a community property state, further agrees that any
community property interest shall be similarly bound. 
  

			
	  

	Signature of Spouse
		
		 	
	Date:	 	  

 [Signature Page to Amendment to Option Grant Notice]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]