Re: This investment was about 174+ patent infringement suits
in response to
by
Message: This investment was about 174+ patent infringement suits
Actually, their exercise price is .155
Today's market price is better than that.
Outstanding Equity Awards at Fiscal Year-End
|
Name
|
Number of
Securities
Underlying
Unexercised
Options
Exercisable
|
Number of
Securities
Underlying
Unexercised
Options
Unexercisable
|
Equity
Incentive
Plan
Awards:
Number of
Securities
Underlying
Unexercised
Unearned
Options
|
Option
Exercise
Price
|
Option Expiration
Date
|
|||||||||||||
|
Alfred H. Falk
|
500,000 | - | - | $ | 0.155 |
12/8/13
|
||||||||||||
|
Robert Putnam
|
250,000 | - | - | $ | 0.155 |
12/8/13
|
Employment Agreements, Termination of Employment and Change in Control Arrangements
Mr. Putnam and Mr. Falk have no employment letter or agreement.
Director Compensation
Our directors are reimbursed for reasonable out-of-pocket expenses incurred in attending meetings of the board of directors and committee meetings. Employee directors do not receive any cash compensation for services as directors and have not received any equity compensation grants designated for such services. In addition, members of the board of directors who are not employees receive equity compensation grants as consideration for board and committee service from time to time. There is no established policy as to frequency or amount of equity compensation grants for non-employee directors.
The following table sets forth the compensation paid to our non-employee directors in 2010.
|
Name
|
Fee Earned or
Paid in Cash
|
Option
Awards (1)
|
All Other
Compensation
|
Total
|
||||||||||||
|
Allen Cocumelli(2)
|
— | $ | 16,637 | — | $ | 16,637 | ||||||||||
|
Renee Warden (3)
|
— | $ | 16,637 | — | $ | 16,637 | ||||||||||
|
Eric M. Polis (4)
|
— | $ | 16,637 | — | $ | 16,637 |
|
(1)
|
The value listed in the above table represents the fair value of options on 250,000 shares granted to each person during the year and valued under ASC 718. Fair value is calculated as of the grant date using a Black-Scholes option-pricing model. The determination of the fair value of share-based payment awards made on the date of grant is affected by our stock price as well as assumptions regarding a number of complex and subjective variables. Our assumptions in determining fair value are described in our audited consolidated financial statements for the year ended March 31, 2010, included in our Annual Report on Form 10-K.
|
|
(2)
|
At March 31, 2010 Mr. Cocumelli had option awards outstanding exercisable into 500,000 shares of common stock that were vested and exercisable.
|
|
(3)
|
During fiscal 2010 Ms. Warden provided accounting services unrelated to her role as a director or audit committee member and earned compensation of $2,625 not included above. At March 31, 2010 Ms. Warden had option awards outstanding exercisable into 500,000 shares of common stockof that were vested and exercisable.
|
|
(4)
|
At March 31, 2010 Mr. Polis had option awards outstanding exercisable into 550,000 shares of common stockof which 475,000 were vested and exercisable.
|
6 Recommendations
Loading...
Loading...
New Message
Please
login
to post a reply