Virgin America's Employee-Owners

When Virgin America took its stock public on November 13, 13.3 million shares became available to the public markets. In an unusual features of the deal, an employee ownership plan sold shares worth just under $5 million. Virgin America offered its stock at $23 per share, and it closed today at $32.68. Its employee ownership is through a limited liability company, VX Employee Holdings, not a traditional equity compensation plan or ESOP.