“__ percent (including associates) equity security owner,” when used with respect to a corporation or other organization, means any person who owns, directly or indirectly, of record or beneficially, equity securities of such corporation or other organization which, when combined with the equity securities of the corporation or other organization owned, directly or indirectly, of record or beneficially by all associates of such person, constitute the specified percentage or more of any class of the equity securities of the corporation or other organization.