Quarterly report pursuant to sections 13 or 15(d)

Stock Plans and Non-Qualified Option Agreement

v2.4.0.6
Stock Plans and Non-Qualified Option Agreement
 3 Months Ended
Mar. 31, 2013
Stock Plans and Non-Qualified Option Agreement [Abstract]  
Stock Plans and Non-Qualified Option Agreement
7.   Stock Plans and Non-Qualified Option Agreement

The summary of the Company's total Stock Plans and a Non-Qualified Stock Option Agreement as of March 31, 2013 as compared to March 31, 2012, and changes during the periods then ended, are presented below.  The Company's Plans consist of the 1993 Non-Qualified Stock Option Plan, the 2004 and 2010 Stock Option Plans, and the 1992 and 2003 Outside Directors Stock Plans:
 
 
 
 
 
 
 
Weighted Average
 
Aggregate
 
 
 
 
 
Weighted Average
 
Remaining
 
 
Intrinsic
 
 
Shares
 
 
Exercise Price
 
 
Contractual Term
 
Value
 
Options outstanding Janury 1, 2013
 
 
2,644,000
 
 
$
1.96
 
 
 
 
 
 
 
Granted
 
 
─
 
 
 
─
 
 
 
 
 
 
 
Exercised
 
 
─
 
 
 
─
 
 
 
 
 
$
─
 
Forfeited
 
 
(410,000
 )
 
 
2.17
 
 
 
 
 
 
 
 
Options outstanding End of Period (1)
 
 
2,234,000
 
 
 
1.93
 
 
 
3.8
 
 
$
─
 
Options Exercisable at March 31, 2013(1)
 
 
1,846,500
 
 
$
2.02
 
 
 
3.3
 
 
$
─
 
Options Vested and expected to be vested at March 31, 2013
 
 
2,234,000
 
 
$
1.93
 
 
 
3.8
 
 
$
─
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average
 
Aggregate
 
 
 
 
 
 
Weighted Average
 
Remaining
 
 
Intrinsic
 
 
Shares
 
 
Exercise Price
 
 
Contractual Term
 
Value
 
Options outstanding Janury 1, 2012
 
 
3,039,833
 
 
$
1.98
 
 
 
 
 
 
 
 
 
Granted
 
 
─
 
 
 
─
 
 
 
 
 
 
 
 
 
Exercised
 
 
─
 
 
 
─
 
 
 
 
 
 
$
─
 
Forfeited
 
 
(422,833
 )
 
 
1.90
 
 
 
 
 
 
 
 
 
Options outstanding End of Period (2)
 
 
2,617,000
 
 
 
1.99
 
 
 
4.1
 
 
$
47,100
 
Options Exercisable at March 31, 2012(2)
 
 
2,067,000
 
 
$
2.13
 
 
 
3.2
 
 
$
41,100
 
Options Vested and expected to be vested at March 31, 2012
 
 
2,617,000
 
 
$
1.99
 
 
 
4.1
 
 
$
47,100
 

(1)
Options with exercise prices ranging from $1.10 to $2.95
(2)
Options with exercise prices ranging from $1.41 to $2.95