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VRSN » Topics » FISCAL YEAR-END OPTION/SAR VALUES

This excerpt taken from the VRSN DEF 14A filed Apr 10, 2006.

FISCAL YEAR-END OPTION/SAR VALUES

 

The following table sets forth for each of the Named Executive Officers the shares acquired and the value realized on each exercise of stock options during the year ended December 31, 2005 and the year-end number and value of exercisable and unexercisable options.

 

Name

    Shares
Acquired
on Exercise
    Value
Realized
    Number of Securities
Underlying Unexercised
Options at 12/31/05(1)
   

Value of Unexercised
In-the-Money Options

at 12/31/05(2)

         Exercisable
    Unexercisable
    Exercisable
    Unexercisable

Stratton D. Sclavos

    1,281,697    $ 14,094,407    3,907,858    843,159    $ 8,288,009    $ 2,969,015

Vernon Irvin

    25,000      326,240    341,750    56,250      435,913      456,187

Dana L. Evan

    45,506      1,035,836    926,021    50,625      1,181,588      426,513

Robert J. Korzeniewski

    25,000      448,250    606,875    50,625      886,088      426,513

Judy Lin

    25,000      504,375    641,938    36,562      1,822,404      327,646

Quentin P. Gallivan(3)

    244,539      3,527,693    503,125    —        —        —  
(1)   All options exercised and shown in this table were granted under our 1995 Stock Option Plan, 1997 Stock Option Plan, 1998 Equity Incentive Plan or 2001 Stock Incentive Plan. On December 29, 2005, the Board of Directors approved the acceleration of vesting of all unvested stock options with an exercise price per share in excess of $24.99 that were previously granted under our stock option plans and outstanding on December 29, 2005. The options accelerated included options previously granted to executive officers and directors. The acceleration was accompanied by restrictions imposed on any shares purchased through the exercise of accelerated options. Those restrictions will prevent the sale of any such shares prior to the date such shares would have originally vested had the optionee been employed on such date (whether or not the optionee is actually an employee at that time).

 

(2)   Based on a value of $21.90, the closing price per share of our common stock on the Nasdaq National Market on December 31, 2005, net of the option exercise price.

 

(3)   Mr. Gallivan resigned from the Company on November 25, 2005.

 

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