Document:

acor-ex41_65.htm

Exhibit 4.1

 

COMMON STOCK  $0.001 PAR VALUE PER SHARE Certificate Number ZQ00000000 THIS CERTIFIES THAT is the owner of  COMMON STOCK Shares 000000 000000 000000 000000 000000 000000 ACORDA THERAPEUTICS ACORDA THERAPEUTICS, INC. INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE MR SAMPLE & MRS SAMPLES & MR SAMPLE & MRS SAMPLE ***ZERO HUNDRED THOUSAND ZERO HUNDRED ZERO*** SEE REVERSE FOR CERTAIN DEFINITIONS  CUSIP 00484M 60 1 THIS CERTIFICATE IS TRANSFERABLE IN CITIES DESIGNATED BY THE TRANSFER AGENT. AVAILABLE ONLINE AT www.computershare.com FULLY PAID AND NON-ASSESSABLE SHARES OF COMMON STOCK, $0.001 PAR VALUE PER SHARE, OF  Acorda Therapeutics, Inc. (here in after the “Corporation”), transferable on the books of the Corporation by the holder here of in person or by duly authorized allorney upon surrender of this certificate properly endorsed. This certificate is not valid until countersigned and registered by the Transfer Agent and Registrar. WITHESS the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers. President and Chief Executive Officer Corporate Secretary DATED DD-MMM-YYYY COUNTERSIGNED AND REGISTERED COMPUTERSHARE TRUST COMPANY, N.A TRANSFER AGENT AND REGISTRAR AUTHORIZED SIGNATURE ACORDA THERAPEUTICS, INC, DELAWARE CORPORATE SEAL 1995

 

 

 

 

 

ACORDA THERAPEUTICS, INC. The Corporation will furnish with out charge to each stockholder who so requests a statement of the powers, designations, preferences, and relative, participating, optional or other special rights of each class of stock or series thereof of the Corporation, and the qualifications, limitations or restrictions of such preferences and/or rights. The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM – as tenants in common UNIF GIFT MIN ACT – Custodian (Cust) (Minor) under Uniform Gifts to Minors Act (State) TEN ENT – as tenants by the entireties JT TEN – as joint tenants with right of survivorship and not as tenants in common UNIF TRF MIN ACT – (Cust) Custodian (until age) under Uniform Transfers to Minors Act (Minor)(State) Additional abbreviations may also be used though not in the above list. For value received, hereby sell, assign and transfer unto PLEASE INSERT SOCIAL SECURITY OR THER DENTIFYING NUMBER OF ASSIGNEE (PLEASE PRINT OR TYPERWRITE NAME AND ADDRESS, INCLUDING POST AL ZIP CODE, OF ASSIGNEE) Of the Common Stock represented by the within Certificate, and do here by irrevocable constitute and appoint Shares To transfer the said stock on the books of the within-named Corporation with full power of substitution in premises. Attorney Dated: 20 Signature: Signature: Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate, in every particular, without alteration or enlargement, or any change whatever. Signature(s) Guaranteed: Medallion Guarantee Stamp THE SIGNATURES(S) SHOULD BE GUARANTED BY AN ELIGIBLE GUARNATOR INSITUTION (Banks stockbrokers, savings and loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO SEC.RULE 17Ad-15 SECURITY INSTRUCTIONS THIS IS WATERMAKED PAPER DO NOT ACCEPT WITHOUT NOTING WATERMARK HOLD TO LIGHT TO VERIFY WATERMARK. The IRS requires that the named transfer agent (“we”) reporting cost basic of certain shares or units acquired after January 1, 2011. If Your shares or units are covered by the legislation , and your requested to sell or transfer the shares or units using a specific cost basic calculation method, then we have processed as you requested. If you did not specify a cost basis calculation method, then we have defaulted to the first in, first out (RFO) method. Please consult your tax advisor if you need additional information about cost basis. If your do not keep in contact with the issuer or do not have any activity in your account for the time period specified by state law. Your property may become subject to state unclaimed property laws and transferred to the appropriate state.acor-ex42_64.htm

 

Exhibit 4.2

 

DESCRIPTION OF COMMON STOCK

 

We are a corporation formed under the General Corporation Law of the State of Delaware (the “Delaware General Corporation Law”) pursuant to our Amended and Restated Certificate of Incorporation, as further amended through December 31, 2020 (the “Certificate of Incorporation”). The following is a description of the material terms of our common stock. This description does not purport to be complete and is subject to and qualified in its entirety by reference to the Delaware General Corporation Law and our Certificate of Incorporation and Bylaws, as amended and restated on January 12, 2021 (the “Bylaws”), as they may be further amended from time to time. Our Certificate of Incorporation has been filed with the Securities and Exchange Commission as Exhibit 3.1 through Exhibit 3.3, and a copy of our Bylaws has been filed as Exhibit 3.4, to the Annual Report on Form 10-K of which this Exhibit 4.2 is a part.

Common Stock

We have the authority to issue 61,666,666 shares of common stock, $0.001 par value per share. 

Holders of common stock have one vote per share and have no preemption rights. Holders of common stock have the right to participate ratably in all distributions, whether of dividends or assets in liquidation, dissolution or winding up, subject to any superior rights of holders of preferred stock outstanding at the time. There are no redemption or sinking fund provisions applicable to the common stock. Holders of our common stock are not liable under our Certificate of Incorporation for further calls or to assessment by us.

Computershare Trust Company, N.A. is the transfer agent and registrar for our common stock. Their address is P.O. Box 505000, Louisville, KY 40233-5000 and their telephone number is (800) 368-5948.

Section 203 of the Delaware General Corporation Law

We are subject to Section 203 of the Delaware General Corporation Law, which, subject to certain exceptions, prohibits a Delaware corporation from engaging in any business combination with any interested stockholder for a period of three years following the time that such stockholder became an interested stockholder, unless:

	
 
	
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prior to such time, the board of directors approved either the business combination or the transaction that resulted in the stockholder becoming an interested stockholder;

	
 
	
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upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of determining the number of shares outstanding (but not the outstanding shares of voting stock owned by the interested stockholder) those shares owned (a) by persons who are directors and also officers and (b) by employee stock plans in which employee participants do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or

	
 
	
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at or subsequent to such time, the business combination is approved by the board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by 

 

 
 

 

	
 
		
the affirmative vote of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.

In general, Section 203 defines “business combination” to include the following:

	
 
	
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any merger or consolidation involving the corporation and the stockholder;

	
 
	
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any sale, transfer, pledge or other disposition of 10% or more of the assets of the corporation involving the interested stockholder;

	
 
	
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subject to certain exception, any transaction that results in the issuance or transfer by the corporation of any stock of the corporation to the interested stockholder;

	
 
	
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any transaction involving the corporation that has the effect of increasing the proportionate share of the stock or any class or series of the corporation beneficially owned by the interested stockholder; or

	
 
	
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the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits provided by or through the corporation.

In general, Section 203 defines “interested stockholder” as an entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation or any entity or person who is an affiliate or associate of the corporation and was the owner of 15% or more of the outstanding voting stock of the corporation at any time within the three-year period immediately prior to the date on which it is determined whether such person is an interested stockholder, and the affiliates or associates of such person.

Our Certificate of Incorporation and Bylaws

Our Certificate of Incorporation and Bylaws include a number of provisions that may have the effect of deterring hostile takeovers or delaying or preventing changes in control or our management. For example, our Certificate of Incorporation authorizes the issuance of up to 20,000,000 shares of preferred stock, $0.001 par value per share, of which 1,000,000 shares have been designated as Series A Junior Participating Preferred Stock. Our board of directors has the authority, without approval of the stockholders, to issue and determine the rights and preferences of series of preferred stock. The ability to authorize and issue preferred stock with voting or other rights or preferences makes it possible for our board of directors to issue preferred stock with super voting, special approval, dividend or other rights or preferences on a discriminatory basis that could impede the success of any attempt to acquire us.

Our Certificate of Incorporation and Bylaws also provide that our board of directors is divided into three classes, each serving staggered three-year terms ending at the annual meeting of our stockholders in the third year of their term. All directors elected to our classified board of directors will serve until the election and qualification of their respective successors or their earlier resignation or removal. Members of the board of directors may only be removed for cause and only by the affirmative vote of 75% of our outstanding voting stock. These provisions are likely to increase the time required for stockholders to change the composition of our board of directors.

Our Certificate of Incorporation and Bylaws provide that a meeting of stockholders may only be called by our board of directors, the chairman of our board of directors or our chief executive officer. Our Bylaws also specify requirements as to the form and content of a stockholder’s notice. The provisions may delay or preclude stockholders from calling a meeting of stockholders, bringing matters before a meeting of stockholders or from making nominations for directors at a stockholders’ meeting, which could delay or deter takeover attempts or changes in management. Our Certificate of Incorporation also 

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does not provide for cumulative voting. The absence of cumulative voting may make it more difficult for stockholders owning less than a majority of our stock to elect any directors to our board of directors.

Our Bylaws provide that any matter to be voted upon when a quorum is present, other than an adjournment and the election of directors to be voted upon by the stockholders at a meeting of stockholders, shall be decided based on the majority of votes cast, except where a different vote is otherwise required by the Bylaws, applicable law or our Certificate of Incorporation. The Bylaws further provide that directors shall be elected by a plurality of votes cast by the stockholders entitled to vote on the election; provided, however that in an uncontested election, a director who receives a majority “withhold” vote shall be required to tender his or her resignation for consideration by the board of directors. The Bylaws provide that a decision to adjourn a meeting may be made by a majority of votes cast, regardless of whether a quorum is present, or if no stockholder is present, by any officer entitled to preside at or act as secretary of the meeting.

Our Bylaws provide that, unless we consent in writing to the selection of an alternative forum, the Court of Chancery of the State of Delaware (or, if the Court of Chancery does not have jurisdiction, the Superior Court of the State of Delaware or, if the Superior Court of the State of Delaware does not have jurisdiction, the United States District Court for the District of Delaware) will be the sole and exclusive forum for any derivative action or proceeding brought on our behalf; any action asserting a breach of a fiduciary duty; any action asserting a claim arising pursuant to any provision of the Delaware General Corporation Law, our Certificate of Incorporation or Bylaws; any action or proceeding to interpret, apply, enforce or determine the validity of our Certificate of Incorporation or Bylaws, including any right, obligation or remedy thereunder; or any action asserting a claim governed by the internal affairs doctrine. Additionally, if the subject matter of any action within the scope of the preceding sentence is filed in a court other than a court located within the State of Delaware (a “foreign action”), in the name of any stockholder, such stockholder shall be deemed to have consented to (i) the personal jurisdiction of the state and federal courts located within the State of Delaware in connection with any action brought in any such court to enforce the preceding sentence and (ii) having service of process made upon such stockholder in any such action by service upon such stockholder’s counsel in the foreign action as agent for such stockholder. In addition, our Bylaws also provide that, unless we consent in writing to the selection of an alternative forum, the sole and exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act of 1933, as amended, shall be the federal district courts of the United States of America.

 

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