RWC » Topics » Stock Option Grants

This excerpt taken from the RWC DEF 14A filed Apr 5, 2006.

Stock Option Grants

The following table sets forth grants of stock options to acquire shares of our common stock made during the year ended December 31, 2005 to the named executive officers. We do not currently have (and have not previously had) any plan pursuant to which any stock appreciation rights may be granted.

  

Individual Grants

   

Potential Realizable
Value at Assumed
Annual Rates of Stock Price Appreciation for Option Term (2)

  

Number of Securities Underlying Options

Granted (1)

 

% of Total Options Granted to Employees in

Fiscal Year

 

Exercise or Base Price

($)/(Sh)

 

Expiration

Date

 

Name

     

     

     

     

     

5%($)

     

10%($)

 

     

 

     

 

     

 

     

 

     

 

     

 

David P. Storey

 

10,000

 

5.9

 

2.10

 

2/22/15

 

13,207

 

33,469

William P. Kelly

 

10,000

 

5.9

 

2.10

 

2/22/15

 

13,207

 

33,469

Harold B. Cook

 

10,000

 

5.9

 

2.10

 

2/22/15

 

13,207

 

33,469

———————

(1)

The options vested in full on February 23, 2005, the date of grant.

(2)

Potential realizable value is based on the assumption that the common stock price appreciates at the annual rate shown, compounded annually, from the date of grant until the end of the option term. The amounts have been calculated based on the assumed appreciation rates shown in the table, assuming a per share market price equal to the market price on the date of grant. The actual value, if any, the named executive officer may realize will depend on the excess of the stock price over the exercise price on the date the option is exercised, if the



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executive were to sell the shares on the date of exercise, so there is no assurance that the value realized will be equal to or near the potential realizable value as calculated in this table.

"Stock Option Grants" elsewhere:

Orchids Paper Products Company (TIS)
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