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Message: Think current market prices are a deal as compared to insider options?

Think current market prices are a deal as compared to insider options?

posted on Oct 23, 2008 07:06PM

The following table summarizes the number of options exercisable at March 31, 2008 and the weighted average exercise prices and remaining contractual lives of the options.


Range of
exercise prices
Number
outstanding at
March 31, 2008
Number
exercisable at
March 31, 2008
Weighted
Average
exercise price
Weighted
average
remaining
contractual life
Weighted
average Exercise
price of options
exercisable at
March 31, 2008
$
#
#
$
Years
$
$
0.09
1,500,000
1,500,000
0.09
2.6
0.09
$
0.145-$0.16
6,779,167
6,279,167
0.15
1.6
0.15
$
0.18-$0.28
2,568,000
1,940,749
0.21
1.5
0.22
$
0.42-$0.55
50,000
50,000
0.44
0.8
0.44

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.
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