This excerpt taken from the SSTR DEF 14A filed Feb 29, 2008.
Stock Awards”) ;
The 2007 Plan will be administered by our board of directors or a committee of the Company’s board of directors consisting of at least two members of the Company’s board, each of whom is a “non-employee director” within the meaning of Rule 16b-3 promulgated under the Securities Exchange Act of 1934. It is also intended that each member of any such committee will be an “outside director” within the meaning of Section 162(m) of the Code.
Options granted under the 2007 Plan will be subject to, among other things, the following terms and conditions:
Through February 20, 2008, we have granted options to purchase 180,000 shares of our common stock under our 2007 Plan, none of which have been exercised.