This excerpt taken from the ISPH DEF 14A filed Apr 26, 2005.
OPTION GRANTS IN 2004
The following stock option grants were made to the named executive officers during the fiscal year ended December 31, 2004.
Name
Number of Securities Underlying Options Granted
% of Total Options Granted to Employees
In Fiscal Year
Exercise or Base Price
($/Share)
Expiration Date
Potential Realizable
Value of Assumed
Annual Rates of Stock
Price Appreciation for
Option Term(1)
5%
10%
Christy L. Shaffer
35,000
(2)
3.3
%
$
12.80
3/15/14
$
281,745
$
713,997
35,000
(3)
3.3
%
$
15.65
9/28/14
$
344,477
$
872,972
Donald J. Kellerman
9,500
(2)
0.9
%
$
12.80
3/15/14
$
76,474
$
193,799
9,800
(3)
0.9
%
$
15.65
9/28/14
$
96,454
$
244,432
Gregory J. Mossinghoff
Joseph K. Schachle
10,000
(2)
0.9
%
$
12.80
3/15/14
$
80,499
$
203,999
10,000
(3)
0.9
%
$
15.65
9/28/14
$
98,422
$
249,421
Benjamin R. Yerxa
9,500
(2)
0.9
%
$
12.80
3/15/14
$
76,474
$
193,799
9,700
(3)
0.9
%
$
15.65
9/28/14
$
95,469
$
241,938
(1)
The potential realizable value is calculated based on the fair market value of our common stock on the date of the grant. These amounts only represent certain assumed rates of
appreciation established by the Securities and Exchange Commission. There can be no assurance that the amounts reflected in this table or the associated rates of appreciation will be achieved.
(2)
These options were granted pursuant to our Amended and Restated 1995 Stock Plan, as amended. The shares underlying the options are exercisable at an exercise price equal to the fair
market value on the date of the grant. Each option is exercisable as to one-quarter (1/4) of the shares underlying the option at any time after March 15, 2005 and as to one-forty-eighth (1/48) of the shares each month for 36 months thereafter.
(3)
This option was granted pursuant to our Amended and Restated 1995 Stock Plan, as amended. The shares underlying the option are exercisable at an exercise price equal to the fair
market value on the date of the grant. Each option is exercisable as to one-quarter (1/4) of the shares underlying the option at any time after September 28, 2005 and as to one-forty-eighth (1/48) of the shares each month for 36 months thereafter.