From the 14-DEF it appears Mr. Hilliou holds options for 300,000 shares at a weighted average option price of $3.75.
STOCK OPTIONS AND WARRANTS-----------
There are currently outstanding options to purchase 1,722,333 shares of Common Stock that have been granted to employees, directors, and consultants of the Company pursuant to its four employee stock option plans. These options have a weighted-average option price of $2.68, terminate between 2000 and 2005,
and vest pursuant to varying schedules. Messrs. Hilliou, Wilson, Orton, and Henry hold options to purchase 300,000, 300,000, 125,000, and 191,667 shares of Common Stock, respectively, at weighted-average option prices of $3.75, $0.96, $3.80, and $3.15, respectively. Options to purchase an additional 44,334 shares
of Common Stock are available for issuance pursuant to the Company's existing employee stock option plans. In addition, consultants to the Company and a former non-employee director hold options and warrants to purchase 468,000 shares of Common Stock at a weighted average option price of $4.63, terminating
between 2000 and 2005 and vesting pursuant to varying schedules. All of these options and warrants would represent 18.6% of the total Common Stock outstanding if they had vested and had been exercised at April 6, 1998. All options granted pursuant to the Company's employee stock option plans have been approved by the Company's shareholders. |
