It looks to me like they were awarded options for being directors, and for their work as officers, as the case may be. Directors are often awarded options in lieu of (sometimes in addition to) salary for their services. Officers are often awarded both.

It looks like they registered (but did not exercise, or buy at the .70 price) the options on the first possible day they could be exercised, which seems only proper. And it would also make sense to register them prior to the close of the current fiscal year (someone here said that`s today), so as to expense them -- or acknowledge their ``cost`` to the company as a liability on the balance sheet -- in this fiscal year as opposed to next. Which again makes sense, as they were granted in this fiscal year, not next fiscal year.

All looks pretty standard to me. Though, like many here, I hope it portends good things for the future.