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ASGR » Topics » Aggregated Option/SAR Exercises in 2005 and Fiscal Year-End Option/SAR Values

This excerpt taken from the ASGR DEF 14A filed Apr 28, 2006.
Aggregated Option/SAR Exercises in 2005 and Fiscal Year-End Option/SAR Values
 
The following table sets forth certain information with respect to the exercise of stock options during the year ended December 31, 2005 and the shares of common stock represented by outstanding options held by each of our named executive officers as of December 31, 2005. Each option included in the following table has an exercise price per share equal to the fair market value per share of our common stock on the date of grant.
 
                                                 
                Number of Securities
 		             
                Underlying Unexercised
 		             
    Shares
 		          Options/SARs at
 		    Value of Unexercised In-the-Money Options/SARs at
 		 
    Acquired on
 		    Value
 		    Fiscal Year-End     Fiscal Year-End(1)  
Name
  Exercise     Realized     Exercisable     Unexercisable     Exercisable     Unexercisable  
 
Michael Catalano
    —     $ —       53,923       145,000     $ 1,863     $ —  
Richard D. Wright(2)
    —       —       99,000       —       1,050,246       —  
Michael W. Taylor
    —       —       40,302       50,000       347,798       —  
Trey Hartman(3)
    —       —       6,667       3,333       31,336       15,668  
Lawrence H. Pomeroy
    —       —       96,006       50,000       567,856       —  
 
 
(1) Option values are calculated as the difference between the fair market value of the common stock ($15.86 per share as reported on the Nasdaq National Market on December 30, 2005), and the respective exercise prices of the stock options.
 
(2) On January 28, 2005, we announced that Mr. Wright resigned from his management position as Vice Chairman of Operations, effective March 31, 2005, and returned to his role as a non-management member of our Board of Directors.
 
(3) On December 13, 2005, we announced in a Current Report on Form 8-K that we had terminated for cause the employment agreement of Mr. Hartman, Executive Vice President of ASG and President of PHS, effective December 9, 2005. All of Mr. Hartman’s option grants made under the Amended and Restated 1999 Incentive Stock Plan in 2005 and 2004 were cancelled immediately upon his termination on December 9, 2005. Mr. Hartman had not exercised any of these options prior to his termination. Mr. Hartman’s 2003 option grants were made under the 1999 Plan and were subject to vesting over a period of three years. Such options did not cancel immediately upon Mr. Hartman’s termination for cause, but on March 9, 2006. Mr. Hartman failed to exercise, prior to cancellation, any of those 2003 options that had vested. The number of securities underlying unexercised options and the value of the unexercised in-the-money options noted above represents Mr. Hartman’s options granted in 2003 that were fully vested at the end of 2005.
 
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