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These excerpts taken from the AYR 10-K filed Mar 2, 2009. Subsequent
Events
Share
based payments
In January 2009, the Company granted restricted common shares to
employees with a total fair value of $2.8 million. The
597,350 restricted common shares granted had grant prices which
ranged between $4.42 and $5.36 per share. Of these restricted
common shares, 347,350 vest over three years. The remaining
250,000 restricted common shares vest over five years. In
February 2009, the Company granted 125,000 restricted common
shares to certain directors with a total fair value of
$0.4 million. The shares vest on January 1, 2010. The
fair value of the restricted common shares granted is determined
based upon the market price of the common shares at grant date.
Subsequent Events Share based payments In January 2009, the Company granted restricted common shares to employees with a total fair value of $2.8 million. The 597,350 restricted common shares granted had grant prices which ranged between $4.42 and $5.36 per share. Of these restricted common shares, 347,350 vest over three years. The remaining 250,000 restricted common shares vest over five years. In February 2009, the Company granted 125,000 restricted common shares to certain directors with a total fair value of $0.4 million. The shares vest on January 1, 2010. The fair value of the restricted common shares granted is determined based upon the market price of the common shares at grant date.
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