This excerpt taken from the AKS DEF 14A filed Apr 17, 2006.
Stock Option Grants in 2005
Name
Number of Securities Underlying Options Granted
(#)(1)
Percent of Total Options Granted to Employees in 2005
Exercise Price Per Share ($)(1)
Expiration Date
Potential Realizable Value at Assumed Annual Rates of Stock Price Appreciation for Option
Term(2)
5% ($)
10% ($)
J. L. Wainscott
40,000
27.42
%
$
13.70
1/20/2015
$
344,634
$
873,371
D. C. Horn
10,000
6.85
%
$
13.70
1/20/2015
$
86,159
$
218,343
J. F. Kaloski
10,000
6.85
%
$
13.70
1/20/2015
$
86,159
$
218,343
A. E. Ferrara, Jr.
7,500
5.14
%
$
13.70
1/20/2015
$
64,619
$
163,757
D. W. Gant
7,500
5.14
%
$
13.70
1/20/2015
$
64,619
$
163,757
(1)
All options have an exercise price equal to the fair market value (as defined in the plan) of the underlying shares as of the date of grant.
(2)
The amounts shown in these columns represent the potential appreciation in the value of the options over their stated term of ten years, based upon assumed compounded rates of
appreciation of 5% per year (equivalent to 62.89%) and 10% per year (equivalent to 159.37%), respectively. These amounts are not intended as forecasts of future appreciation, which is dependent upon the actual increase, if any, in the
market price of the shares underlying the options, and there is no assurance that the amounts of appreciation shown in these columns will be realized.
The following table provides information as to options exercised by each of the Named Executives in 2005 and the value of
options held by them at year end: