This excerpt taken from the GNLB DEF 14A filed May 1, 2006.
Aggregated Option Exercises In Last Fiscal Year and Fiscal Year-End Option Values
The following table describes for the named executive officers the exercisable and unexercisable options held by them as of December 31, 2005. No options were exercised by the named executive officers during the fiscal year ended December 31, 2005.
The Value of Unexercised In-the-Money Options at Fiscal Year-End is based on a value of $1.85 per share, the closing price of our common stock as of December 30, 2005, less the per share exercise price, multiplied by the number of shares issued upon exercise of the option. All options were granted under our 1995 and 2001 Stock Option Plans. Numbers of shares reflect the effect of the reverse stock split implemented in December 2005.