EYE » Topics » Restricted Stock

These excerpts taken from the EYE 10-K filed Feb 24, 2009.

Restricted Stock

Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant, subject to forfeiture if employment terminates prior to the release of restrictions, which is generally three years from the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over the period the restrictions lapse.

Restricted
Stock

Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant,
subject to forfeiture if employment terminates prior to the release of restrictions, which is generally three years from the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has
the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over
the period the restrictions lapse.

Restricted
Stock

Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant,
subject to forfeiture if employment terminates prior to the release of restrictions, which is generally three years from the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has
the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over
the period the restrictions lapse.

Restricted Stock

Restricted stock awards are granted at a price equal to the fair market value of our common stock on the date of the grant, subject to forfeiture if employment terminates prior to the release of restriction, which is generally three years from the date of grant. During this restriction period, ownership of the Shares underlying the awards cannot be transferred. Restricted stock has the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the Shares at the date of grant, is expensed ratably over the period the restrictions lapse.

These excerpts taken from the EYE 10-K filed Mar 3, 2008.

Restricted Stock

Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant, subject to forfeiture if employment terminates prior to the release of restrictions, which is generally three years from the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over the period the restrictions lapse.

Restricted Stock

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant, subject to forfeiture if
employment terminates prior to the release of restrictions, which is generally three years from the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has the same cash dividend
and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over the period the
restrictions lapse.

This excerpt taken from the EYE 8-K filed May 2, 2007.

Restricted Stock

Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant, subject to forfeiture if employment terminates prior to the release of restrictions, which is generally three years from the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over the period the restrictions lapse.

 

31


The following table summarizes the restricted stock award activity for the year ended December 31, 2006 (in thousands, except per share amounts):

 

     Number of
Shares
    Weighted
Average
Grant Date
Fair Value

Nonvested stock at December 31, 2005

   101     $ 38.79

Granted

   286       45.30

Vested

   (36 )     38.23

Forfeited

   (13 )     42.57
        

Nonvested stock at December 31, 2006

   338     $ 44.19
        
This excerpt taken from the EYE 10-K filed Mar 1, 2007.

Restricted Stock

Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant, subject to forfeiture if employment terminates prior to the release of restrictions, which is generally three years from the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over the period the restrictions lapse.

The following table summarizes the restricted stock award activity for the year ended December 31, 2006 (in thousands, except per share amounts):

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested stock at December 31, 2005

 

101

 

$

38.79

 

Granted

 

286

 

45.30

 

Vested

 

(36

)

38.23

 

Forfeited

 

(13

)

42.57

 

Nonvested stock at December 31, 2006

 

338

 

$

44.19

 

 

This excerpt taken from the EYE 10-Q filed Nov 8, 2006.

Restricted Stock

Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant, subject to forfeiture if employment terminates prior to the release of restrictions, which is generally three years from

8




the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over the period the restrictions lapse.

The following table summarizes the restricted stock award activity for the nine months ended September 29, 2006 (in thousands, except per share amounts):

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested stock at December 31, 2005

 

101

 

$

38.79

 

Granted

 

283

 

49.63

 

Vested

 

(32

)

38.24

 

Forfeited

 

(6

)

43.75

 

Nonvested stock at September 29, 2006

 

346

 

$

47.62

 

 

This excerpt taken from the EYE 10-Q filed Aug 9, 2006.

Restricted Stock

Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant, subject to forfeiture if employment terminates prior to the release of restrictions, which is generally three years from the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over the period the restrictions lapse.

8




 

The following table summarizes the restricted stock award activity for the six months ended June 30, 2006 (in thousands, except per share amounts):

 

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested stock at December 31, 2005

 

101

 

$

38.79

 

Granted

 

275

 

49.67

 

Vested

 

(37

)

38.23

 

Forfeited

 

(2

)

38.43

 

Nonvested stock at June 30, 2006

 

337

 

$

47.73

 

 

This excerpt taken from the EYE 10-Q filed May 10, 2006.

Restricted Stock

 

Restricted stock awards are granted at a price equal to the fair market value of the common stock on the date of the grant, subject to forfeiture if employment terminates prior to the release of restrictions, which is generally three years from the date of grant. During this restriction period, ownership of the shares cannot be transferred. Restricted stock has the same cash dividend and voting rights as other common stock and is considered to be currently issued and outstanding. The cost of the awards, determined to be the fair market value of the shares at the date of grant, is expensed ratably over the period the restrictions lapse.

 

The following table summarizes the restricted stock award activity for the three months ended March 31, 2006 (in thousands, except per share amounts):

 

 

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested stock at December 31, 2005

 

101

 

$

38.79

 

Granted

 

4

 

$

43.22

 

Vested

 

 

 

Forfeited

 

(1

)

$

38.38

 

Nonvested stock at March 31, 2006

 

104

 

$

38.97

 

 

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