FXEN » Topics » Restricted Stock

This excerpt taken from the FXEN 10-Q filed May 11, 2009.

Restricted Stock

 

During 2008, the Company issued 367,000 shares of restricted stock resulting in deferred compensation of $1,005,580, which will be amortized ratably over the three-year vesting period. Expense recognized during the first quarter of 2009 totaled $82,655. There were no shares of restricted stock issued during the first quarter of 2009.

 

During 2007, the Company issued 370,925 shares of restricted stock resulting in deferred compensation of $2,284,991, which will be amortized ratably over the three-year vesting period. Expense recognized during the first quarter of 2009 and 2008 totaled $187,793 and $189,410, respectively.

 

In December of 2006, the Company issued 318,400 shares of restricted stock resulting in deferred compensation of $2,053,680, which will be amortized ratably over the three-year vesting period. Expense recognized during the first quarter of 2009 and 2008 totaled $168,784 and $170,204, respectively.

 

In November of 2005, the Company issued 298,950 shares of restricted stock to employees resulting in deferred compensation of $3,109,080, which was amortized ratably over the three-year vesting period. Expense recognized during the first quarter of 2009 and 2008 totaled $0 and $255,073, respectively.

 

11

 


            The following table summarizes restricted stock activity during the first three months of 2009 and 2008:

 

 

2009

 

2008

 

Number of Shares

 

Number of Shares

Unvested restricted stock outstanding:

 

 

 

Beginning of year

714,421 

 

679,788 

Issued

- -

 

- -

Forfeited

(13,332)

 

(6,830)

Vested

(4,933)

 

(4,933)

End of period

696,156 

 

668,025 

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki