Someday, I, too, aspire to run my public company's stock
into the ground for 8 years, then re-price my stock options
dirt cheap, sell the whole thing, and make a fortune.
Well, I don't mind as long as they do that second to last
thing. <g>
-------------------------
-----------------------------------------------------------------------------------------------------------------------
Title of securities to be Amount to be Proposed maximum Proposed maximum Amount of
registered registered (1) offering price per unit aggregate offering price registration fee
-----------------------------------------------------------------------------------------------------------------------
Common Stock ($.001 par 290,020(2) $0.344(4) $ 99,767 $26.34
value per share)
-----------------------------------------------------------------------------------------------------------------------
Common Stock 6,000(3) $0.400 $ 2,400 $ 0.63
-----------------------------------------------------------------------------------------------------------------------
Common Stock 3,000(3) $0.500 $ 1,500 $ 0.40
-----------------------------------------------------------------------------------------------------------------------
Common Stock 200,980(3) $0.562 $112,951 $29.82
-----------------------------------------------------------------------------------------------------------------------
TOTAL 500,000 $216,618 $57.19
-----------------------------------------------------------------------------------------------------------------------
(1) Pursuant to Rule 416, this Registration Statement also covers such
indeterminable number of additional shares as may become issuable pursuant
to terms designed to prevent dilution resulting from stock splits, stock
dividends or similar events.
(2) Represents shares of common stock reserved for issuance pursuant to
options available for grant under the registrant's Amended and Restated
1992 Stock Option Plan ("Option Plan"), which shares have been made
available pursuant to an increase in the total authorized shares under the
Option Plan from 907,500 to 1,407,500.
(3) Represents shares of common stock issuable upon exercise of options
granted under the Option Plan, which shares have been made available
pursuant to the increase in authorized shares under the Option Plan.
(4) Calculated on the basis of the average of the closing bid and ask prices
as of January 13, 2000 in accordance with Rule 457(h). |
