BSQR » Topics » Stock Option Activity

This excerpt taken from the BSQR 10-Q filed May 7, 2009.

Stock Option Activity

The following table summarizes stock option activity under the Amended Plan for the three months ended March 31, 2009:

 

Stock Options

   Number
of Shares
    Weighted Average
Exercise Price
   Weighted Average
Remaining
Contractual Life
(in years)
   Aggregate Intrinsic
Value

Outstanding at January 1, 2009

   2,029,796     $ 4.27      

Granted at fair value

   24,550       2.07      

Exercised

   (3,242 )     2.16      

Forfeited

   (33,055 )     3.64      

Expired

   (20,929 )     6.28      
              

Outstanding at March 31, 2009

   1,997,120     $ 4.23    6.47    $ 3,000
                        

Vested and expected to vest at March 31, 2009

   1,767,652     $ 4.30    6.25    $ 3,000
                        

Exercisable at March 31, 2009

   1,481,021     $ 4.40    5.86    $ 2,000
                        

The aggregate intrinsic value represents the difference between the exercise price of the underlying options and the quoted price of the Company’s common stock for the number of options that were in-the-money at March 31, 2009. The Company issues new shares of common stock upon exercise of stock options.

 

     2009    2008

Weighted-average grant-date fair value for the three months ended March 31

   $ 1.20    $ 2.81
             

Options in-the-money at March 31

     19,042      744,638
             

Aggregate intrinsic value of options exercised for the three months ended March 31

   $ 1,000    $ 23,000
             
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