WST » Topics » Equity Compensation Plan Information

These excerpts taken from the WST 10-K filed Feb 29, 2008.

Equity Compensation Plan Information

        The following table sets forth information about the grants of stock options, restricted stock or other rights under all of the Company's equity compensation plans as of the close of business on

75



December 31, 2007. The table does not include information about tax-qualified plans such as the West 401(k) Plan.

Plan Category

  Number of Securities to
be Issued Upon Exercise
of Outstanding Options,
Warrants and Rights
(a)

  Weighted-Average
Exercise Price of
Outstanding Options,
Warrants and Rights
(b)

  Number of Securities Remaining
Available for Future Issuance Under
Equity Compensation Plans
(Excluding Securities Reflected in
Column (a))
(c)

 
Equity compensation plans approved by security holders   2,733,954 (1) $ 21.89   6,446,662 (2)
Equity compensation plans not approved by security holders          
Total   2,733,954   $ 21.89   6,446,662  

(1)
Includes 1,415,697 outstanding stock options under the 2004 Stock-Based Compensation Plan, 1,239,257 outstanding stock options under the 1998 Key Employee Incentive Compensation Plan, which was terminated in 2004, 79,000 outstanding options under the 1999 Non-Qualified Stock Option Plan for Non-Employee Directors, which was terminated in 2004. No future grants or awards may be made under the terminated plans. Does not include stock-equivalent units granted or credited to directors under the Non-Qualified Deferred Compensation Plan for Non-Employee Directors because such units are settled only in cash and do not involve the issuance of any option, warrant or right to acquire the Company's common stock or other securities.

(2)
Represents 2,413,824 shares reserved under the Company's Employee Stock Purchase Plan and 4,032,838 shares remaining available for issuance under the 2007 Omnibus Incentive Compensation Plan. The estimated number of shares that could be issued for the current period from the Employee Stock Purchase Plan is 1,103,000. This number of shares is calculated by multiplying the 1,000 share per offering period per participant limit by 1,103, the number of current participants in the plan.

Equity Compensation Plan Information



        The following table sets forth information about the grants of stock options, restricted stock or other rights under all of the Company's equity compensation
plans as of the close of business on



75











December 31,
2007. The table does not include information about tax-qualified plans such as the West 401(k) Plan.
















































Plan Category

 Number of Securities to

be Issued Upon Exercise

of Outstanding Options,

Warrants and Rights

(a)

 Weighted-Average

Exercise Price of

Outstanding Options,

Warrants and Rights

(b)

 Number of Securities Remaining

Available for Future Issuance Under

Equity Compensation Plans

(Excluding Securities Reflected in

Column (a))

(c)

 
Equity compensation plans approved by security holders 2,733,954(1)$21.89 6,446,662(2)
Equity compensation plans not approved by security holders     
Total 2,733,954 $21.89 6,446,662 






(1)
Includes
1,415,697 outstanding stock options under the 2004 Stock-Based Compensation Plan, 1,239,257 outstanding stock options under the 1998 Key Employee Incentive Compensation Plan,
which was terminated in 2004, 79,000 outstanding options under the 1999 Non-Qualified Stock Option Plan for Non-Employee Directors, which was terminated in 2004. No future
grants or awards may be made under the terminated plans. Does not include stock-equivalent units granted or credited to directors under the Non-Qualified Deferred Compensation Plan for
Non-Employee Directors because such units are settled only in cash and do not involve the issuance of any option, warrant or right to acquire the Company's common stock or other
securities.


(2)
Represents
2,413,824 shares reserved under the Company's Employee Stock Purchase Plan and 4,032,838 shares remaining available for issuance under the 2007 Omnibus Incentive
Compensation Plan. The estimated number of shares that could be issued for the current period from the Employee Stock Purchase Plan is 1,103,000. This number of shares is calculated by multiplying the
1,000 share per offering period per participant limit by 1,103, the number of current participants in the plan.




This excerpt taken from the WST DEF 14A filed Mar 30, 2007.
Equity Compensation Plan Information

The following table sets forth information about the grants of stock options, restricted stock or other rights under all of the Company’s equity compensation plans as of the close of business on December 31, 2006.  The table does not include information about tax-qualified plans such as the West 401(k) Plan.

Plan Category

 

Number of Securities to
be Issued Upon Exercise
of Outstanding Options,
Warrants and Rights
(a)

 

Weighted-Average Exercise
Price of Outstanding Options,
Warrants and Rights
(b)

 

Number of Securities Remaining
Available for Future Issuance Under
Equity Compensation Plans (Excluding
Securities Reflected in Column (a))
(c)

 

Equity compensation plans approved by security holders(1)

 

2,737,891

(2)

$

18.32

 

3,548,908

(3)

 

 

 

 

 

 

 

 

Equity compensation plans not approved by security holders

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

2,737,891

 

$

18.32

 

3,548,908

 


(1)          These plans are: the 2004 Plan; the 1998 Key Employee Incentive Compensation Plan, as amended; and the 1999 Non-Qualified Stock Option Plan for Non-Employee Directors.  Upon adoption of the 2004 Plan, all other noted plans were terminated.

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(2)          Includes 1,138,268 outstanding stock options under the 2004 Plan, 1,338,807 outstanding stock options under the 1998 Key Employee Incentive Plan, which was terminated in 2004, 121,286 outstanding options under the 1999 Non-Qualified Stock Option Plan for Non-Employee Directors, which was terminated in 2004, as well as 139,530 outstanding stock options granted under the Long Term Incentive Plan, which was terminated in 1998.  No future grants or awards may be made under the terminated plans.  Does not include stock-equivalent units granted or credited to directors under the Non-Qualified Deferred Compensation Plan for Non-Employee Directors because such units are settled only in cash and do not involve the issuance of any option, warrant or right to acquire the Company’s common stock or other securities.

(3)          Represents 2,464,005 shares reserved under the Company’s Employee Stock Purchase Plan and 1,084,903 shares remaining available for issuance under the 2004 Plan.  The estimated number of shares that could be issued for the current period from the Employee Stock Purchase Plan is 914,000.  This number of shares is calculated by multiplying the 1,000 share per offering period per participant limit by 914, the number of current participants in the plan.

As of February 28, 2007, there were 3,026,207 stock options outstanding at a weighted average exercise price of $21.22 per share with a weighted average remaining term of 5.7 years.  The number of securities available for future issuance under our equity compensation plans at February 28, 2007 totaled 3,037,769 consisting of 2,453,362 shares reserved under our Employee Stock Purchase Plan and 584,407 shares available for issuance under the 2004 Plan.

We had 261,826 non-vested PVS units outstanding at February 28, 2007.

This excerpt taken from the WST DEF 14A filed Mar 30, 2006.

Equity Compensation Plan Information

 

Plan Category

 

(a)
Number of Securities
to be Issued Upon
Exercise of
Outstanding Options,
Warrants and Rights

 

(b)
Weighted-Average
Exercise Price of
Outstanding
Options, Warrants
and Rights

 

(c)
Number of Securities Remaining
Available for Future Issuance
Under Equity Compensation Plans
(Excluding Securities
Reflected in Column (a))

 

Equity compensation plans approved by security holders(1)

 

3,911,041

(2)

$

15.44

 

4,105,123

(3)

Equity compensation plans not approved by security holders

 

 

 

 

Total

 

3,911,041

 

$

15.44

 

4,105,123

 

 

20



 


(1)          These plans are: the 2004 Stock-Based Compensation Plan; the 1998 Key Incentive Compensation Plan, as amended: the 1999 Non-Qualified Stock Option Plan for Non-Employee Directors; and the Long Term Incentive Plan. Upon adoption of the 2004 Stock-Based Compensation Plan, all other noted plans were terminated.

 

(2)          Includes 936,483 outstanding stock options under the 2004 Stock-Based Compensation Plan, 2,159,472 outstanding stock options under the 1998 Employee Incentive Plan, which was terminated in 2004, 147,286 outstanding options under the 1999 Non-Qualified Stock Option Plan for Non-Employee Directors, which was terminated in 2004, as well as 667,800 outstanding stock options granted under the Long Term Incentive Plan, which was terminated in 1998. No future grants or awards may be made under the terminated plans. Does not include stock-equivalent units granted or credited to Directors under the Non-Qualified Deferred Compensation Plan for Non-Employee Directors because such units are settled only in cash and do not involve the issuance of any option, warrant or right to acquire the Company’s common stock or other securities.

 

(3)          Represents 2,495,728 shares reserved under the Company’s Employee Stock Purchase Plan and 1,609,395 shares remaining available for issuance under the 2004 Stock-Based Compensation Plan. The estimated number of shares that could be issued for the current period from the Employee Stock Purchase Plan is 564,000. This number of shares is calculated by multiplying the 1,000 share per offering period per participant limit by 564, the number of current participants in the plan.

 

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