ABII » Topics » 2001 Non-Employee Director Stock Option Program

This excerpt taken from the ABII 10-K filed Mar 12, 2010.

2001 Non-Employee Director Stock Option Program

The 2001 Non-Employee Director Stock Option Program, or the 2001 Program, was adopted as part, and is subject to the terms and conditions, of the 2001 Plan. The 2001 Program established a program for the automatic grant of awards to non-employee directors at the time that they initially join the board and at each annual meeting of the stockholders at which they are elected.

 

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This excerpt taken from the ABII 10-K filed Mar 6, 2009.

2001 Non-Employee Director Stock Option Program

The 2001 Non-Employee Director Stock Option Program, or the 2001 Program, was adopted as part, and is subject to the terms and conditions, of the 2001 Plan. The 2001 Program established a program for the automatic grant of awards to non-employee directors at the time that they initially join the board and at each annual meeting of the stockholders at which they are elected.

These excerpts taken from the ABII 10-K filed Mar 31, 2008.

2001 Non-Employee Director Stock Option Program

The 2001 Non-Employee Director Stock Option Program, or the 2001 Program, was adopted as part, and is subject to the terms and conditions, of the 2001 Plan. The 2001 Program established a program for the automatic grant of awards to non-employee directors at the time that they initially join the board and at each annual meeting of the stockholders at which they are elected.

2001 Non-Employee Director Stock Option Program

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">The 2001 Non-Employee Director Stock Option Program, or the 2001 Program, was adopted as part, and is subject to the terms and conditions, of the 2001
Plan. The 2001 Program established a program for the automatic grant of awards to non-employee directors at the time that they initially join the board and at each annual meeting of the stockholders at which they are elected.

STYLE="margin-top:18px;margin-bottom:0px; margin-left:2%">Restricted Stock

At
December 31, 2007, 135,072 restricted units were outstanding under our 2001 Stock Incentive Plan with a weighted average per share market value of $50.41 and with vesting dates ranging from March 2008 to March 2011. Upon vesting, each
restricted unit entitles the holder to one share of our common stock. Compensation

 


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expense related to restricted stock grants is based on upon the market price on the date of grant and is charged to earnings on a straight-line basis over
the applicable vesting period. Restricted stock units currently granted generally vest ratably over a four year period.

This excerpt taken from the ABII 8-K filed Nov 8, 2007.

2001 Non-Employee Director Stock Option Program

The 2001 Non-Employee Director Stock Option Program, or the 2001 Program, was adopted as part, and is subject to the terms and conditions, of the 2001 Plan. The 2001 Program establishes a program for the automatic grant of awards to non-employee directors at the time that they initially join the board and at each annual meeting of the stockholders at which they are elected.

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