Re: Pat Nulley
posted on
Feb 15, 2007 10:29AM
In case anyone would like to know how Pat is getting paid.
Shares
|
Weighted average
exercise price
|
||||||
#
|
$
|
||||||
Outstanding March 31, 2006
|
11,071,666
|
0.19
|
|||||
Granted (2)
|
900,000
|
0.16
|
|||||
Canceled/expired
|
(245,000
|
)
|
0.81
|
||||
Exercised
|
-
|
-
|
|||||
Outstanding December 31, 2006 (1)
|
11,726,666
|
0.17
|
|||||
Exercisable at December 31, 2006
|
6,298,330
|
0.20
|
(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.
|
(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.
|