Free
Message: Options the real story
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Stock Option Summary Information

During fiscal 2010, 2,330,000 options (2009 – 1,537,500 options) were granted at exercise prices ranging from $0.11 to $0.15 (2009 - $0.11 to $0.22) per share. The following table summarizes stock option transactions:

Weighted average
Aggregate
Shares
exercise price
Intrinsic Value
#
$
$
Outstanding March 31, 2008
10,897,167 0.17
Fiscal 2009
Granted
1,537,500 0.13
Exercised
(325,000 ) 0.09
Canceled/expired
(4,059,167 ) 0.14
Outstanding March 31, 2009
8,050,500 0.16 126,050
Exercisable at March 31, 2009
6,346,332 0.17 72,875
Fiscal 2010
Granted
2,330,000 0.15
Exercised
- 0.09
Canceled/expired
(5,415,000 ) 0.17
Outstanding March 31, 2010
4,965,500 0.15 30,500
Exercisable at March 31, 2010
3,357,165 0.15 8,708

The following table summarizes the number of options exercisable at March 31, 2010 and the weighted average exercise prices and remaining contractual lives of the options.

Range of exercise
prices
Number
outstanding at
March 31, 2010
Number exercisable
at March 31, 2010
Weighted Average
exercise price
Weighted average
remaining
contractual life
Weighted average
Exercise price of
options exercisable
at March 31, 2010
$
#
#
$
Years
$
$0.11-$0.115 1,600,000 491,665 0.11 3.3 0.11
$0.145-$0.16 2,730,000 2,230,000 0.16 2.6 0.15
$0.185-$0.23 635,500 635,500 0.19 1.1 0.19

The options generally vest over a period of two to three years. Options on 500,000 shares are subject to and vest based on future performance conditions.
4 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply