PCTI » Topics » Equity Compensation Plan Information

This excerpt taken from the PCTI DEF 14A filed Apr 28, 2009.
Equity Compensation Plan Information
 
The following table provides information as of December 31, 2008 about our common stock that may be issued upon the exercise of options and rights under all of our existing equity compensation plans, including our 1997 Stock Plan, 1998 Director Stock Option Plan, 1998 Employee Stock Purchase Plan and the 2001 Stock Plan.
 
                         
                Number of Securities
 
                Remaining Available for
 
                Future Issuance
 
    Number of Securities
          Under Equity
 
    to be Issued
    Weighted-Average
    Compensation Plans
 
    Upon Exercise of
    Exercise Price of
    (Excluding Securities
 
    Outstanding Options,
    Outstanding Options,
    Reflected in the
 
    Warrants and Rights
    Warrants and Rights
    First Column)
 
Plan Category
  (#)     ($)     (#)  
 
Equity compensation plans approved by security holders(1)
    2,012,577 (3)   $ 10.01 (3)     3,099,492 (4)
Equity compensation plans not approved by security holders(2)
    348,069     $ 7.57       263,308  
                         
Total
    2,360,646     $ 9.80       3,362,800  
                         
 
 
(1) Comprised of our 1997 Stock Plan, 1998 Director Stock Option Plan and 1998 Employee Stock Purchase Plan. Our stockholders approved the amendment and restatement of the 1997 Stock Plan at our 2006 annual meeting, which replaced the prior 1997 Stock Plan and the 1998 Director Stock Option Plan. No further awards will be made under the 1998 Director Stock Option Plan, but it will continue to govern awards previously granted thereunder.
 
(2) Comprised of our 2001 Stock Plan and options to purchase 150,000 shares of our common stock granted outside of a formalized plan to each of John W. Schoen and Jeffrey A. Miller on November 15, 2001 in connection with their initial employment with the company. Under the terms of the 2001 Stock Plan, no options may be granted under such plan to our officers or directors. A description of the material terms of the 2001 Stock Plan is provided below.
 
(3) We are unable to ascertain with specificity the number of securities to be issued upon exercise of outstanding rights under our 1998 Employee Stock Purchase Plan or the weighted average exercise price of outstanding rights under our 1998 Employee Stock Purchase Plan. The 1998 Employee Stock Purchase Plan provides that shares of our common stock may be purchased at a per share price equal to 85% of the fair market value of the common stock at the beginning of the offering period or a purchase date applicable to such offering period, whichever is lower.
 
(4) This number includes 2,466,802 shares available for future issuance under our 1997 Stock Plan, and 632,690 shares available for future issuance under our 1998 Employee Stock Purchase Plan as of December 31, 2008.
 
This excerpt taken from the PCTI DEF 14A filed Apr 28, 2008.
Equity Compensation Plan Information
 
The following table provides information as of December 31, 2007 about our common stock that may be issued upon the exercise of options and rights under all of our existing equity compensation plans, including our 1997 Stock Plan, 1998 Director Stock Option Plan, 1998 Employee Stock Purchase Plan and 2001 Nonstatutory Stock Option Plan.
 
                         
                Number of Securities
 
                Remaining Available for
 
                Future Issuance
 
                Under Equity
 
    Number of Securities
    Weighted-Average
    Compensation Plans
 
    to be Issued
    Exercise Price of
    (Excluding Securities
 
    Upon Exercise of
    Outstanding Options,
    Reflected in the
 
    Outstanding Options
    Warrants and Rights
    First Column)
 
Plan Category
  and Rights (#)     ($)     (#)  
 
Equity compensation plans approved by security holders(1)
    3,346,045 (3)   $ 9.74 (3)     5,919,171 (4)
Equity compensation plans not approved by security holders(2)
    478,867     $ 8.99       599,844 (5)
                         
Total
    3,824,912     $ 9.64       6,519,015  
                         
 
 
(1) Comprised of our 1997 Stock Plan, 1998 Director Stock Option Plan and 1998 Employee Stock Purchase Plan. Our stockholders approved the amendment and restatement of the 1997 Stock Plan at our 2006 annual meeting, which replaced the prior 1997 Stock Plan and the 1998 Director Stock Option Plan. No further awards will be made under the 1998 Director Stock Option Plan, but it will continue to govern awards previously granted thereunder.
 
(2) Comprised of our 2001 Nonstatutory Stock Option Plan and options to purchase 150,000 shares of our common stock granted outside of a formalized plan to each of John W. Schoen and Jeffrey A. Miller on November 15, 2001 in connection with their initial employment with us. Under the terms of our 2001 Nonstatutory Stock Option Plan, no options may be granted under such plan to our officers or directors. A description of the material terms of our 2001 Nonstatutory Stock Option Plan is provided below.
 
(3) We are unable to ascertain with specificity the number of securities to be issued upon exercise of outstanding rights under our 1998 Employee Stock Purchase Plan or the weighted average exercise price of outstanding rights under our 1998 Employee Stock Purchase Plan. The 1998 Employee Stock Purchase Plan provides that shares of our common stock may be purchased at a per share price equal to 85% of the fair market value of the common stock at the beginning of the offering period or a purchase date applicable to such offering period, whichever is lower.
 
(4) This number includes 5,217,079 shares available for future issuance under our 1997 Stock Plan, and 702,092 shares available for future issuance under our 1998 Employee Stock Purchase Plan as of December 31, 2007.
 
(5) All such shares are available for future issuance under our 2001 Nonstatutory Stock Option Plan.
 
This excerpt taken from the PCTI DEF 14A filed Apr 27, 2007.
Equity Compensation Plan Information
 
The following table provides information as of December 31, 2006 about our common stock that may be issued upon the exercise of options and rights under all of our existing equity compensation plans, including our 1997 Stock Plan, 1998 Director Stock Option Plan, 1998 Employee Stock Purchase Plan and 2001 Nonstatutory Stock Option Plan.
 
                         
                Number of Securities
 
                Remaining Available for
 
                Future Issuance
 
                Under Equity
 
    Number of Securities
    Weighted-Average
    Compensation Plans
 
    to be Issued
    Exercise Price of
    (Excluding Securities
 
    Upon Exercise of
    Outstanding Options,
    Reflected in the
 
    Outstanding Options
    Warrants and Rights
    First Column)
 
Plan Category
  and Rights (#)     ($)     (#)  
 
Equity compensation plans approved by security holders(1)
    3,470,070 (3)   $ 9.76 (3)     3,980,294 (4)
Equity compensation plans not approved by security holders(2)
    492,695     $ 8.28       161,382 (5)
                         
Total
    3,962,765     $ 9.63       4,141,676  
                         
 
 
(1) Comprised of our 1997 Stock Plan, 1998 Director Stock Option Plan and 1998 Employee Stock Purchase Plan. Our stockholders approved the amendment and restatement of the 1997 Stock Plan at our 2006 annual meeting, which replaced the prior 1997 Stock Plan and the 1998 Director Stock Option Plan. No further awards will be made under the 1998 Director Stock Option Plan, but it will continue to govern awards previously granted thereunder.
 
(2) Comprised of our 2001 Nonstatutory Stock Option Plan and options to purchase 150,000 shares of our common stock granted outside of a formalized plan to each of John W. Schoen and Jeffrey A. Miller on November 15, 2001 in connection with their initial employment with us. Under the terms of our 2001 Nonstatutory Stock Option Plan, no options may be granted under such plan to our officers or directors. A description of the material terms of our 2001 Nonstatutory Stock Option Plan is provided below.
 
(3) We are unable to ascertain with specificity the number of securities to be issued upon exercise of outstanding rights under our 1998 Employee Stock Purchase Plan or the weighted average exercise price of outstanding rights under our 1998 Employee Stock Purchase Plan. The 1998 Employee Stock Purchase Plan provides that shares of our common stock may be purchased at a per share price equal to 85% of the fair market value of the common stock at the beginning of the offering period or a purchase date applicable to such offering period, whichever is lower.
 
(4) This number includes 2,273,557 shares available for future issuance under our 1997 Stock Plan, and 1,706,737 shares available for future issuance under our 1998 Employee Stock Purchase Plan as of December 31, 2006. The 1998 Employee Stock Purchase Plan currently provides that the number of securities available for issuance under such plan shall automatically increase on the first day of each fiscal year by the lesser of (i) 350,000 shares, (ii) 2% of the outstanding shares on such date or (iii) a lesser amount determined by the board of directors. If the amendment and restatement of the 1998 Employee Stock Purchase Plan set forth in Proposal #2 is approved, this automatic increase provision will be removed.
 
(5) All such shares are available for future issuance under our 2001 Nonstatutory Stock Option Plan.
 
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