This excerpt taken from the SBIB DEF 14A filed Mar 16, 2007.
Number of Shares Subject to the 2003 Plan
The maximum number of shares of the Companys common stock that could be issued under the 2003 Plan with respect to awards was initially 2,150,000 shares. As a result of a 3 for 2 stock dividend, the maximum number of shares was increased to 3,225,000. Approximately 1,946,712 shares remain available for future grants under the 2003 Plan as of the Record Date. The Amendment authorizes an additional 2,000,000 shares for delivery with respect to awards, increasing the maximum total from 3,225,000 to 5,225,000 shares. Upon certain corporate events, such as a stock split, recapitalization, reorganization, spinoff and other similar events, the maximum number of shares available under the 2003 Plan will be adjusted to appropriately reflect that event. Thus, it is possible that a greater or lesser number than 5,225,000 shares could actually be delivered with respect to awards under the 2003 Plan.
No participant may receive stock-denominated awards with respect to more than 3,000,000 shares in any calendar year. The maximum amount of cash-denominated performance awards that may be granted to any participant during any calendar year may not exceed $2,000,000.
The shares of common stock to be delivered under the 2003 Plan may be treasury shares or authorized but unissued shares. To the extent that an award terminates, expires, lapses, is settled in cash, the shares subject to the award may be used again with respect to new grants under the 2003 Plan. However, shares tendered or withheld to satisfy the grant or exercise price or tax withholding obligations may not be used again for grants under the 2003 Plan.
The 5,225,000 shares of Common Stock that would be authorized to be issued under the Plan pursuant to the Amendment represent approximately 7.36% of the shares of Common Stock outstanding on March 1, 2007. As of March 1, 2007, awards to acquire 1,573,459 shares of Common Stock had been granted under the 2003 Plan to officers, directors and employees. On March 1, 2007, the closing sale price of a share of Common Stock, as reported on the NASDAQ Global Select Market, was $11.57.