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These excerpts taken from the SURW 10-K filed Mar 16, 2009. Stock Options In 2003 we ceased granting stock options and have since granted RSAs and RSUs as part of our equity compensation plans. We issue new shares of common stock upon exercise of stock options. The exercise price per share of the Company's common stock to be purchased under any incentive stock option shall not be less than 100% of the fair market value of a share of the Company's common stock on the date of the grant, and the exercise price under a non-qualified stock option shall not be less than 85% of the fair market value of the Company's common stock at the date of the grant. The term of any stock option shall not exceed ten years. There were no stock options granted, exercised or expired during the year ended December 31, 2008. The aggregate intrinsic value is calculated as the difference between the exercise price of the stock options and the quoted price of our common stock. There were no options that were in-the-money at December 31, 2008. The following table summarizes stock option activity for the year ended December 31, 2008, along with options exercisable at the end of the year:
Stock Options In 2003 we ceased granting stock options and have since granted RSAs and RSUs as part of our equity compensation plans. We issue new shares of common The
This excerpt taken from the SURW DEF 14A filed Mar 25, 2008. Stock Options Each grant of an option under the 2000 Plan is subject to agreement between the recipient and the Company. The agreement specifies the number of shares subject to option and also specifies the exercise price. The exercise price under an incentive stock option must be at least equal to the fair market value of Company common stock on the date of grant. The exercise price under a non-qualified stock option must not be less than 85% of the fair market value of a share on the date of grant. Each agreement specifies the date or event when all or any installment of the option is exercisable. The 17 agreement also specifies the term of the option; however, the term of an incentive stock option may not exceed ten years from the date of grant. The agreement may also provide for accelerated exercisability in the event of the recipient's death, disability or retirement or other events and may provide for expiration prior to its term if the recipient's service is terminated. These excerpts taken from the SURW 10-K filed Mar 17, 2008. Stock Options The Company issues new shares of common stock upon exercise of stock options. The following table summarizes stock option activity for the year ended December 31, 2007, along with options exercisable at the end of the year:
There were no stock options granted, exercised or expired during the year ended December 31, 2007. In addition, the exercise price of stock options in the aggregate was above the current market price of the Company's stock. 80 SUREWEST COMMUNICATIONS Stock Options The Company issues new shares of common stock upon exercise of stock options. The following table summarizes stock option activity for the year ended December 31, 2007,
There 80 SUREWEST COMMUNICATIONS This excerpt taken from the SURW DEF 14A filed Mar 30, 2007. Stock
Options
Each grant of an option under the 2000 Plan is subject to
agreement between the recipient and the Company. The agreement
specifies the number of shares subject to option and also
specifies the exercise price. The exercise price under an
incentive stock option must be at least be equal to the fair
market value of Company common stock on the date of grant. The
exercise price under a non-qualified stock option must not be
less than 85% of the fair market value of a share on the date of
grant. Each agreement specifies the date or event when all or
any installment of the option is exercisable. The agreement also
specifies the term of the option; however the term of an
incentive stock option may be not exceed ten years from the date
of grant. The agreement may also provide for accelerated
exercisability in the event of the recipient’s death,
disability or retirement or other events and may provide for
expiration prior to its term if the recipient’s service is
terminated.
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