This excerpt taken from the BBG 8-K filed May 15, 2007.
Arrangements of Certain Officers.
On May 9, 2007, the Compensation Committee of the Board of Directors of the Company approved a performance share program for the Companys officers and other senior employees pursuant to the Companys 2004 Stock Incentive Plan. The performance share program provides that upon achieving the goals for certain metrics, the ownership restrictions to a certain number of shares are removed for the officers and senior employees. Participants in this program include the Companys named executive officers. A total of 250,000 shares under the 2004 Stock Incentive Plan were set aside for this program, 226,300 of which were granted on May 9, 2007 and the balance of which will be available to be granted under this program to employees as approved by the Compensation Committee.
The following is a summary of the terms of the performance share program:
The following table summarizes the grants of performance shares made to the named executive officers on May 9, 2007: