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?
all the info is below with the breakdown of the different priced options. you gotta READ.
A summary of stock option activity is as follows:
NUMBER OF WEIGHTED AVERAGE
SHARES PRICE PER SHARE
---------- -----------------
Balance, January 1, 1994....................... 5,256,132 $ 1.84
Options granted................................ 3,951,600 4.88
Options exercised.............................. (858,382) 0.45
Options canceled............................... (1,540,596) 6.38
----------
Balance, December 31, 1994..................... 6,808,754 2.75
Options granted................................ 2,970,550 15.47
Options exercised.............................. (2,330,911) 1.27
Options canceled............................... (463,454) 6.61
----------
Balance, December 31, 1995..................... 6,984,939 8.37
Options granted................................ 6,538,362 12.09
Options exercised.............................. (1,204,235) 3.83
Options canceled............................... (3,398,967) 15.28
----------
Balance, December 31, 1996..................... 8,920,099 $ 9.06
=========
The following table summarizes significant ranges of outstanding and
exercisable options at December 31, 1996:
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
2.7 million options were repriced to the 10.06 range.
this info is over 10 months old. don't rely on it.
BL |
