Exercisable options count as shares, when they are in the money. As of 12/98, their were 4.98M shares exercisable, they must all be in the money, plus some more.............
sec.gov
WEIGHTED AVERAGE REMAINING WEIGHTED WEIGHTED RANGE OF NUMBER CONTRACTUAL AVERAGE NUMBER AVERAGE EXERCISE PRICES OUTSTANDING LIFE (YEARS) EXERCISE PRICE EXERCISABLE EXERCISE PRICE - --------------- ----------- ------------ -------------- ----------- -------------- <S> <C> <C> <C> <C> <C> $ 0.14 - $ 1.50 314,225 3.98 $ 0.54 314,225 $ 0.54 2.87 - 14.75 2,221,839 6.90 9.69 1,612,265 8.17 14.81 - 19.50 4,819,212 9.12 17.93 701,221 17.70 19.56 - 19.94 5,012,486 7.73 19.93 1,935,004 19.94 20.06 - 63.00 1,850,531 8.76 27.68 419,932 32.33 - --------------- ---------- ---- ------ --------- ------ $ 0.14 - $63.00 14,218,293 8.12 $18.23 4,982,647 $15.64 =============== ========== ==== ====== ========= ====== </TABLE> At December 31, 1998, 871,511 shares were available for future grants. |