This excerpt taken from the GRIL DEF 14A filed Apr 28, 2006.
Stock Option Exercises and Year-End Option Values
The following table sets forth information concerning the exercise of stock options during 2005 by each of the Named Officers and the number and value of unexercised options held by the Named Officers at the end of 2005:
Based on the fair market value per share of the Common Stock at year-end, minus the exercise price of in-the-money options. The closing price for the Companys Common Stock on December 30, 2005 on the Nasdaq Small-Cap Market was $3.20.