Message: Re: Pat Nulley
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In case anyone would like to know how Pat is getting paid.
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Shares
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Weighted average
exercise price
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||||||
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#
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$
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||||||
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Outstanding March 31, 2006
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11,071,666
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0.19
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|||||
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Granted (2)
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900,000
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0.16
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Canceled/expired
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(245,000
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)
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0.81
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Exercised
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-
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-
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|||||
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Outstanding December 31, 2006 (1)
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11,726,666
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0.17
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Exercisable at December 31, 2006
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6,298,330
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0.20
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| (1) |
Options outstanding are exercisable at prices ranging from $0.09 to $0.55 and expire over the period from 2006 to 2011 with an average life of 3.4 years.
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| (2) |
Includes 750,000 shares exercisable at $0.16 per share to an intellectual property consultant assisting in monetizing the Company’s patent portfolio. A total of 100,000 options vested at grant and the balance of 650,000 are performance based vesting only on the achievement of milestones including significant patent license fees.
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