LGN » Topics » Equity Compensation Plan Information

These excerpts taken from the LGN 10-K filed Mar 13, 2009.
Equity Compensation Plan Information
 
The tables below summarize certain information with respect to our equity compensation plan as of December 31, 2008:
 
                         
                Number of
 
    Number of
          Securities Remaining
 
    Securities to be
    Weighted-Average
    Available for Future
 
    Issued Upon
    Exercise Price of
    Issuance Under
 
    Exercise
    Outstanding
    Equity Compensation
 
    of Outstanding
    Options,
    Plans (Excluding
 
    Options, Warrants
    Warrants and
    Securities Reflected
 
    and Rights (1)
    Rights
    in Column (a))
 
    (a)     (b)     (c)  
 
Equity compensation plans approved by security holders
    174,911(1 )(2)     10.66       2,499,921(3 )
Equity compensations plans not approved by security holders
                 
 
 
(1) Column (a) excludes Class B warrants which are not a component of the Stock Incentive Plan.

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(2) All of these awards have been granted under the Stock Incentive Plan.
 
(3) After taking into account the outstanding options, the exercised options and the shares of nonvested common stock, we have 2,499,921 shares of common stock available for grant under the Stock Incentive Plan.
 
On November 25, 2002, we adopted a stock incentive plan (“Stock Incentive Plan”) which replaced the stock option plan previously in place. The Stock Incentive Plan, prior to the completion of the secondary stock offering on June 25, 2004, authorized us to award our directors, officers, or other key employees or consultants as determined by a committee appointed by the Board of Directors, options to acquire and other equity incentives up to 353,333 shares of common stock. With the completion of the secondary stock offering on June 25, 2004, the total number of shares available for issuance under our stock incentive plan increased to 3,301,058 shares. As of December 31, 2008, we have issued options to acquire 981,332 shares (537,501 of which were forfeited), 12,413 shares of restricted stock (of which 4,719 shares were withheld to satisfy tax obligations), 66,666 shares of restricted stock units (of which 21,633 were withheld to satisfy tax obligations) and 350,566 shares of nonvested stock (of which 27,741 shares were forfeited and 18,246 of which were withheld to satisfy tax obligations).
 
Awards made during 2008 pursuant to the Stock Incentive Plan are summarized below:
 
         
    Issued Under
 
    the Stock
 
    Incentive Plan  
 
Available under the plan, less previously issued as of December 31, 2007
    2,536,666  
Nonvested stock issued January 22, 2008
    (76,500 )
Nonvested stock issued February 12, 2008
    (24,000 )
Shares of nonvested stock withheld from awards to satisfy tax withholding obligations
    11,257  
Nonvested shares forfeited in 2008
    17,335  
Stock options forfeited in 2008
    35,163  
         
Available for issuance, December 31, 2008
    2,499,921  
         
 
Equity Compensation Plan Information
 
The tables below summarize certain information with respect to our equity compensation plan as of December 31, 2008:
 
                         
                Number of
 
    Number of
          Securities Remaining
 
    Securities to be
    Weighted-Average
    Available for Future
 
    Issued Upon
    Exercise Price of
    Issuance Under
 
    Exercise
    Outstanding
    Equity Compensation
 
    of Outstanding
    Options,
    Plans (Excluding
 
    Options, Warrants
    Warrants and
    Securities Reflected
 
    and Rights (1)
    Rights
    in Column (a))
 
    (a)     (b)     (c)  
 
Equity compensation plans approved by security holders
    174,911(1 )(2)     10.66       2,499,921(3 )
Equity compensations plans not approved by security holders
                 
 
 
(1) Column (a) excludes Class B warrants which are not a component of the Stock Incentive Plan.

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(2) All of these awards have been granted under the Stock Incentive Plan.
 
(3) After taking into account the outstanding options, the exercised options and the shares of nonvested common stock, we have 2,499,921 shares of common stock available for grant under the Stock Incentive Plan.
 
On November 25, 2002, we adopted a stock incentive plan (“Stock Incentive Plan”) which replaced the stock option plan previously in place. The Stock Incentive Plan, prior to the completion of the secondary stock offering on June 25, 2004, authorized us to award our directors, officers, or other key employees or consultants as determined by a committee appointed by the Board of Directors, options to acquire and other equity incentives up to 353,333 shares of common stock. With the completion of the secondary stock offering on June 25, 2004, the total number of shares available for issuance under our stock incentive plan increased to 3,301,058 shares. As of December 31, 2008, we have issued options to acquire 981,332 shares (537,501 of which were forfeited), 12,413 shares of restricted stock (of which 4,719 shares were withheld to satisfy tax obligations), 66,666 shares of restricted stock units (of which 21,633 were withheld to satisfy tax obligations) and 350,566 shares of nonvested stock (of which 27,741 shares were forfeited and 18,246 of which were withheld to satisfy tax obligations).
 
Awards made during 2008 pursuant to the Stock Incentive Plan are summarized below:
 
         
    Issued Under
 
    the Stock
 
    Incentive Plan  
 
Available under the plan, less previously issued as of December 31, 2007
    2,536,666  
Nonvested stock issued January 22, 2008
    (76,500 )
Nonvested stock issued February 12, 2008
    (24,000 )
Shares of nonvested stock withheld from awards to satisfy tax withholding obligations
    11,257  
Nonvested shares forfeited in 2008
    17,335  
Stock options forfeited in 2008
    35,163  
         
Available for issuance, December 31, 2008
    2,499,921  
         
 
These excerpts taken from the LGN 10-K filed Mar 12, 2008.
Equity Compensation Plan Information
 
The tables below summarize certain information with respect to our equity compensation plan as of December 31, 2007:
 
                         
                Number of
 
    Number of
          Securities Remaining
 
    Securities to be
    Weighted-Average
    Available for Future
 
    Issued Upon
    Exercise Price of
    Issuance Under
 
    Exercise
    Outstanding
    Equity Compensation
 
    of Outstanding
    Options,
    Plans (Excluding
 
    Options, Warrants
    Warrants and
    Securities Reflected
 
    and Rights (1)
    Rights
    in Column (a))
 
    (a)     (b)     (c)  
 
Equity compensation plans approved by security holders
    212,408 (1)(2)     10.60       2,536,666(2 )
Equity compensations plans not approved by security holders
                 
 
 
(1) Column (a) excludes Class B warrants which are not a component of the Equity Compensation Plan.
 
(2) All of the awards have been granted under the Stock Incentive Plan.
 
(3) After taking into account the outstanding options, the exercised options and the shares of nonvested common stock, we have 2,536,666 shares of common stock available for grant under the Stock Incentive Plan.
 
On November 25, 2002, the Company adopted a stock incentive plan (“Stock Incentive Plan”) which replaced the stock option plan previously in place. The Stock Incentive Plan, prior to the completion of the secondary stock offering on June 25, 2004, authorized the Company to award its directors, officers, or other key employees or consultants as determined by a committee appointed by the Board of Directors, options to acquire and other equity incentives up to 353,333 shares of common stock. With the completion of the secondary stock offering on June 25,


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2004, the total number of shares available for issuance under our stock incentive plan increased to 3,301,058 shares. As of December 31, 2007, we have issued options to acquire 981,332 shares (502,338 of which were forfeited), 12,413 shares of restricted stock (of which 4,719 shares were withheld to satisfy tax obligations), 66,666 shares of restricted stock units (of which 21,633 were withheld to satisfy tax obligations) and 250,066 shares of nonvested stock (of which 10,406 shares were forfeited and 6,989 of which were withheld to satisfy tax obligations).
 
Awards made during 2007 pursuant to the Stock Incentive Plan are summarized below:
 
         
Available under the plan, less previously issued as of December 31, 2006
    2,568,029  
Nonvested stock issued January 26, 2007
    (63,000 )
Nonvested stock issued February 12, 2007
    (46,000 )
Nonvested stock issued March 30, 2007
    (18,800 )
Shares of nonvested stock withheld from awards to satisfy tax withholding obligations
    6,989  
Nonvested shares forfeited in 2007
    9,629  
Stock options forfeited in 2007
    79,819  
         
Available for issuance, December 31, 2007
    2,536,666  
         
 
Equity
Compensation Plan Information



 



The tables below summarize certain information with respect to
our equity compensation plan as of December 31, 2007:


 

































































































































































                         

 

 

 

 

 

 

 

 

Number of



 

 

 

Number of



 

 

 

 

 

Securities Remaining



 

 

 

Securities to be



 

 

Weighted-Average



 

 

Available for Future



 

 

 

Issued Upon



 

 

Exercise Price of



 

 

Issuance Under



 

 

 

Exercise



 

 

Outstanding



 

 

Equity Compensation



 

 

 

of Outstanding



 

 

Options,



 

 

Plans (Excluding



 

 

 

Options, Warrants



 

 

Warrants and



 

 

Securities Reflected



 

 

 

and Rights (1)



 

 

Rights



 

 

in Column (a))



 

 

 

(a)

 

 

(b)

 

 

(c)

 
 


Equity compensation plans approved by security holders


 

 

212,408

(1)(2)

 

 

10.60

 

 

 

2,536,666(2

)


Equity compensations plans not approved by security holders


 

 



 

 

 



 

 

 



 






 




 





































(1)

Column (a) excludes Class B warrants which are not a
component of the Equity Compensation Plan.
 

(2)

All of the awards have been granted under the Stock Incentive
Plan.
 

(3)

After taking into account the outstanding options, the exercised
options and the shares of nonvested common stock, we have
2,536,666 shares of common stock available for grant under
the Stock Incentive Plan.


 



On November 25, 2002, the Company adopted a stock incentive
plan (“Stock Incentive Plan”) which replaced the stock
option plan previously in place. The Stock Incentive Plan, prior
to the completion of the secondary stock offering on
June 25, 2004, authorized the Company to award its
directors, officers, or other key employees or consultants as
determined by a committee appointed by the Board of Directors,
options to acquire and other equity incentives up to
353,333 shares of common stock. With the completion of the
secondary stock offering on June 25,





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2004, the total number of shares available for issuance under
our stock incentive plan increased to 3,301,058 shares. As
of December 31, 2007, we have issued options to acquire
981,332 shares (502,338 of which were forfeited),
12,413 shares of restricted stock (of which
4,719 shares were withheld to satisfy tax obligations),
66,666 shares of restricted stock units (of which 21,633
were withheld to satisfy tax obligations) and
250,066 shares of nonvested stock (of which
10,406 shares were forfeited and 6,989 of which were
withheld to satisfy tax obligations).


 



Awards made during 2007 pursuant to the Stock Incentive Plan are
summarized below:


 


















































































         


Available under the plan, less previously issued as of
December 31, 2006


 

 

2,568,029

 


Nonvested stock issued January 26, 2007


 

 

(63,000

)


Nonvested stock issued February 12, 2007


 

 

(46,000

)


Nonvested stock issued March 30, 2007


 

 

(18,800

)


Shares of nonvested stock withheld from awards to satisfy tax
withholding obligations


 

 

6,989

 


Nonvested shares forfeited in 2007


 

 

9,629

 


Stock options forfeited in 2007


 

 

79,819

 

 

 

 

 

 


Available for issuance, December 31, 2007


 

 

2,536,666

 

 

 

 

 

 






 




This excerpt taken from the LGN 10-K filed Mar 15, 2007.
Equity Compensation Plan Information
 
The tables below summarize certain information with respect to our equity compensation plan as of December 31, 2006:
 
                         
                Number of
 
    Number of
          Securities Remaining
 
    Securities to be
    Weighted-Average
    Available for Future
 
    Issued Upon
    Exercise Price of
    Issuance Under
 
    Exercise
    Outstanding
    Equity Compensation
 
    of Outstanding
    Options,
    Plans (Excluding
 
    Options, Warrants
    Warrants and
    Securities Reflected
 
    and Rights (1)
    Rights
    in Column (a))
 
    (a)     (b)     (c)  
 
Equity compensation plans approved by security holders
    356,313       10.60       2,568,029  
Equity compensations plans not approved by security holders
                 
 
 
(1) Column (a) excludes Class A & Class B warrants which are not a component of the Equity Compensation Plan.
 
On November 25, 2002, the Company adopted a stock incentive plan (“Stock Incentive Plan”) which replaced the stock option plan previously in place. The Stock Incentive Plan, prior to the completion of the secondary stock offering on June 25, 2004, authorized the Company to award its directors, officers, or other key employees or consultants as determined by a committee appointed by the Board of Directors, options to acquire and other equity incentives up to 353,333 shares of common stock. With the completion of the secondary stock offering on June 25, 2004, the total number of shares available for issuance under our stock incentive plan increased to 3,301,058 shares. As of December 31, 2006, we have issued options to acquire 981,332 shares (422,472 of which were forfeited), 12,413 shares of restricted stock (of which 4,719 shares were withheld to satisfy tax obligations), 66,666 shares of restricted stock units (of which 21,633 were withheld to satisfy tax obligations) and 122,266 shares of nonvested stock (of which 777 shares were forfeited ).


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Awards made during 2006 pursuant to the Stock Incentive Plan are summarized below:
 
             
    Issued Under
     
    the Stock
     
    Incentive Plan     Type
 
Available under the plan, less previously issued as of December 31, 2005
    2,545,252      
Issued January 31, 2006
    (12,413 )   restricted stock
Issued January 31, 2006
    (3,884 )   nonvested stock
Issued March 1, 2006
    (35,000 )   nonvested stock
Issued June 8, 2006
    (7,000 )   nonvested stock
Shares of restricted stock withheld from awards to satisfy tax withholding obligations
    4,719      
Nonvested shares forfeited in 2006
    777      
Options forfeited in 2006
    75,578      
             
Available for issuance, December 31, 2006
    2,568,029      
             
 
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