EX-99.B(A)(14) 2 a09-1032_1ex99dba14.htm EX-99.B(A)(14)

Exhibit 99.B(a)(14)

 

ING VARIABLE PORTFOLIOS, INC.

 

ARTICLES SUPPLEMENTARY

 

ING VARIABLE PORTFOLIOS, INC., a Maryland corporation registered as an open-end investment company under the Investment Company Act of 1940, as amended, and having its principal office in the State of Maryland in Baltimore City, Maryland (hereinafter called the “Corporation”), hereby certifies to the State Department of Assessments and Taxation of Maryland (the “Department”) that:

 

FIRST: The total number of shares of stock that the Corporation has authority to issue is ten billion, nine hundred million (10,900,000,000) shares of Capital Stock with a par value of one-tenth of one cent ($.001) per share, having an aggregate par value of ten million, nine hundred thousand dollars ($10,900,000).

 

SECOND: At its December 11, 2008 meeting and pursuant to the authority expressly vested in it by Section Second (8) and (9) (vii) of the Corporation’s Articles of Amendment and Restatement (the “Charter”), the Board of Directors (the “Board”) of the Corporation adopted resolutions classifying and designating one billion (1,000,000,000) authorized and unissued shares of undesignated Capital Stock of the Corporation as shares of “Adviser Class” and one billion, three hundred million (1,300,000,000) authorized and unissued shares of undesignated Capital Stock of the Corporation as shares of “Class S2.”

 

THIRD: The shares designated and classified in Article SECOND of these Articles Supplementary, shall have the preferences, rights, powers, restrictions, limitations, qualifications and terms and conditions of redemption as set forth in Section Second (6) of, and elsewhere in, and shall be subject to all provisions of, the Charter.

 

FOURTH: Immediately prior to the effectiveness of the amendment to the Charter set forth in Article SECOND, the total number of shares of each authorized class of Capital Stock that the Corporation had authority to issue was as follows:

 

Name of Series

 

Name of Class of Series

 

Number of Shares 
Allocated

 

ING BlackRock Global Science and Technology Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

 



 

Name of Series

 

Name of Class of Series

 

Number of Shares 
Allocated

 

ING Global Equity Option Portfolio

 

Class S

 

100,000,000

 

ING International Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING Lehman Brothers U.S. Aggregate Bond Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING Morningstar U.S. Growth Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING Opportunistic LargeCap Growth Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING Opportunistic LargeCap Value Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING Russell Global Large Cap Index 85% Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING Russell Large Cap Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

200,000,000

 

 

 

Class S

 

100,000,000

 

 

2



 

Name of Series

 

Name of Class of Series

 

Number of Shares 
Allocated

 

ING Russell Mid Cap Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING Russell Small Cap Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING U.S. Government Money Market Portfolio

 

Class I

 

1,000,000,000

 

 

 

Class S

 

1,000,000,000

 

 

 

Class S2

 

1,000,000,000

 

ING VP Index Plus LargeCap Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

200,000,000

 

 

 

Class S

 

100,000,000

 

ING VP Index Plus MidCap Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING VP Index Plus SmallCap Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

ING VP Small Company Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

 

3



 

Name of Series

 

Name of Class of Series

 

Number of Shares 
Allocated

 

ING WisdomTree Global High-Yielding Equity Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

 

Class S

 

100,000,000

 

 

for a total of seven billion, eight hundred million (7,800,000,000) shares designated and classified into separate classes of Capital Stock, with three billion, one hundred million (3,100,000,000) shares remaining undesignated and unclassified.

 

FIFTH: Immediately following the effectiveness of the classification and designation of shares set forth in Article SECOND, the total number of shares of each authorized class of Capital Stock that the Corporation has authority to issue is as follows:

 

Name of Series

 

Name of Class of Series

 

Number of Shares 
Allocated

 

ING BlackRock Global Science and Technology Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING Global Equity Option Portfolio

 

Class S

 

100,000,000

 

ING International Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING Lehman Brothers U.S. Aggregate Bond Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

 

4



 

Name of Series

 

Name of Class of Series

 

Number of Shares 
Allocated

 

ING Morningstar U.S. Growth Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

ING Opportunistic LargeCap Growth Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

ING Opportunistic LargeCap Value Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING Russell Global Large Cap Index 85% Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING Russell Large Cap Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

200,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING Russell Mid Cap Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

 

5



 

Name of Series

 

Name of Class of Series

 

Number of Shares 
Allocated

 

ING Russell Small Cap Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING U.S. Government Money Market Portfolio

 

Adviser Class

 

1,000,000,000

 

 

 

Class I

 

1,000,000,000

 

 

Class S

 

1,000,000,000

 

 

 

Class S2

 

1,000,000,000

 

ING VP Index Plus LargeCap Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

200,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING VP Index Plus MidCap Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING VP Index Plus SmallCap Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING VP Small Company Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

6



 

Name of Series

 

Name of Class of Series

 

Number of Shares 
Allocated

 

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

ING WisdomTree Global High-Yielding Equity Index Portfolio

 

Adviser Class

 

100,000,000

 

 

 

Class I

 

100,000,000

 

 

Class S

 

100,000,000

 

 

 

Class S2

 

100,000,000

 

 

for a total of ten billion, one hundred million (10,100,000,000) shares designated and classified into separate classes of Capital Stock, with eight hundred million (800,000,000) shares remaining undesignated and unclassified.

 

SIXTH: The amendment to the Charter herein set forth was duly approved by a majority of the entire Board of Directors and is limited to changes expressly permitted by Section 2-605 of the Maryland General Corporation Law to be made without action by the stockholders of the Corporation.

 

SEVENTH:  The effective date of this amendment to the Charter is                 January 23, 2009.

 

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IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed in its name on its behalf by its authorized officers who acknowledge that these Articles Supplementary are the act of the Corporation, that to the best of their knowledge, information and belief, all matters and facts set forth herein relating to the authorization and approval of these Articles Supplementary are true in all material respects and that this statement is made under the penalties of perjury.

 

WITNESS:

 

ING Variable Portfolios, Inc.

 

 

 

/s/ Theresa K. Kelety

 

/s/ Todd Modic

Name:

Theresa K. Kelety, Esq.

 

Name: 

Todd Modic

Title:

Secretary

 

Title:

Senior Vice President

 

 

 

 

 

 

Dated:

January 16, 2009

 

 

 

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