This excerpt taken from the HGSI 10-K filed Feb 28, 2007.
Employee Stock Purchase Plan
In 2000, the Companys stockholders approved the establishment of an Employee Stock Purchase Plan registering 500,000 shares of $0.01 par value common stock for issuance under this plan. Under this plan, eligible employees may purchase shares of common stock on certain dates and at certain prices as set forth in the plan. The common stock is purchased under the plan at a discounted rate, currently at 15%, which results in this plan qualifying as
HUMAN GENOME SCIENCES, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(dollars in thousands, except share and per share data)
(NOTE K) Stockholders Equity (continued)
Employee Stock Purchase Plan (continued)
compensatory. The first purchase period for the plan began January 1, 2001. During the year ended December 31, 2006, the Company issued 119,226 shares of common stock pursuant to this plan and recorded compensation cost of approximately $236. Common stock reserved for future employee purchase under the plan aggregated 24,460 shares as of December 31, 2006. There are no other investment options for participants.