To: Sir Auric Goldfinger who wrote (61 ) 6/16/2000 3:37:00 PM From: StockDung Read Replies (3) | Respond to of 193
SELLING SECURITYHOLDERS The shares of Common Stock being offered by the Selling Securityholders are issuable to them upon the exercise of stock options granted or to be granted to them under CHST's 1997 Stock Option Plan. As of the date of this Prospectus, a total of 209,000 stock options have been granted under the Plan, 50,000 of which have been exercised, and 71,000 stock options remain authorized and not yet granted. The following table set forth certain information with respect to the outstanding stock options under the Plan as of June 9, 2000. Beneficial ownership of the Common Stock by such Selling Securityholders after this offering will depend on the number of stock options exercised by them and the number of shares of Common Stock sold by each Selling Securityholder. <TABLE><CAPTION> NAME OF STOCK POSITION NO. OF STOCK EXERCISE VESTING EXPIRATION OPTION HOLDER WITH COMPANY OPTIONS OWNED PRICE SCHEDULE DATE ------------- ------------ ------------- -------- -------- ---------- <S> <C> <C> <C> <C> <C> Sayed Ali Chairman of the 20,000 (4) $3.30 (2) Vested January 1, 2003 Board of Directors and President 20,000 $3.30 (2) Vested January 1, 2004 20,000 $3.30 (2) Vested January 1, 2005 15,000 $4.25 (2) Vested October 27, 2003 10,000 (5) $1.02 (2) Vested October 18, 2004 Booker T. Graves Director 10,000 $3.875(1) Vested October 27, 2003 15,000 (6) $0.93 (1) Vested October 18, 2004 John P. Donohue, Jr. Director 10,000 $3.875(1) Vested October 27, 2003 15,000 $0.93 (1) Vested October 18, 2004 Charles B. Radloff Director 15,000 (7) $0.93 (1) Vested October 18, 2004 Tasneem Vakharia Secretary 35,000 $3.875(1) Vested October 27, 2003 10,000 (8) $0.93 (1) Vested October 18, 2004 Shawn Smith Director of 1,500 $1.28 (1) 500: 7/1/1999 (9) Field Operations 500: 1/1/2000 (9) 500: 1/1/2001 (9) James Horsey Area Manager 1,000 $7.875(1) 500: 8/15/2000 (9) 500: 2/15/2001 (9) Willam Albee Controller 1,500 $6.00 (1) 500: 7/1/2000 (9) 500: 12/31/2000 (9) 500: 7/1/2001 (9) </TABLE> -7-<PAGE><TABLE> <S> <C> <C> <C> <C> <C> Paul Karas Prior Director 10,000 $3.875(3) Vested August 19, 2000 </TABLE> ------------------------------------- (1) Equals the fair market value of the Common Stock of CHST on the date of the grant of the stock option. (2) Equals 110% of the fair market value of the common stock of CHST on the date of the grant of the stock option. (3) Upon Mr. Karas's resignation from the Board of Directors on August 19, 1999, the Company agreed to extend the exercise period on those options until August 19, 2000. (4) Mr. Ali exercised 10,000 of these stock options in May 2000. (5) Mr. Ali exercised these stock options in March 2000. (6) Mr. Graves exercised 10,000 of these stock options in March 2000. (7) Mr. Radloff exercised these stock options in May 2000. (8) Ms. Vakharia exercised 5,000 of these stock options in March 2000. (9) All of these stock options have an exercise period of ten years from the date of vesting.