Bob-
Sid and Bill, that 10q report shows that they were repriced at 10.06 but then it also
says the average exercise price is 4.26 with the rest of them that are outstanding
(almost 9 mil.) to be exercisable at 9.06 A little confusing. Can anyone explain?
I'm not sure but I believe what you are refering to is the
difference between the 8,920,099 shares at $ 9.06 and the
2,267,969 shares at $ 4.29. The $9.06 number refers to the avg price
of the total outstanding options (exercisable and not exercisable).
There are almost 9 million shares in this pool. Of the 9 million
shares, 2.3 million are currently vested and are now exercisable
at an avg price of $4.29. Is this any less confusing?
Sid
OPTIONS OUTSTANDING
--------------------------- OPTIONS EXERCISABLE
WEIGHTED ------------------------
AVERAGE WEIGHTED WEIGHTED
RANGE OF REMAINING AVERAGE AVERAGE
EXERCISE NUMBER CONTRACTUAL EXERCISE NUMBER EXERCISE
PRICES OUTSTANDING LIFE (YRS) PRICE EXERCISABLE PRICE
-------------- ----------- ----------- -------- ----------- --------
$0.12 - $ 3.44 1,326,821 6.04 $ 1.83 1,140,236 $ 1.60
3.56 - 8.72 1,843,521 7.67 5.64 870,111 5.56
8.97 - 10.06 3,576,941 9.00 10.05 54,095 9.77
10.13 - 23.38 2,172,816 9.33 14.74 203,527 12.49
---------- ---------
$0.12 - $23.38 8,920,099 8.37 $ 9.06 2,267,969 $ 4.29 |
