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This excerpt taken from the WMGI DEF 14A filed Apr 21, 2006. Equity
Compensation Plan Information
The table below sets forth information regarding the shares of
common stock to be issued upon the exercise of the outstanding
stock options granted under the Company’s equity
compensation plans and the shares of common stock remaining
available for future issuance under the Company’s equity
compensation plans as of December 31, 2005. The Company
does not have any outstanding warrants or other rights to
purchase shares of common stock.
The Company’s stockholders have approved the Equity
Incentive Plan and the Company’s 2002 Employee Stock
Purchase Plan (the “Stock Purchase Plan”).
The Company is authorized under the Equity Incentive Plan to
grant equity-based awards in the form of stock options, stock
appreciation rights, restricted stock, phantom stock units,
performance share units, and stock bonuses to the employees
(including executive officers), directors, and consultants of
the Company and its subsidiaries. The Company is authorized to
grant awards under the Equity Incentive Plan for up to
9,767,051 shares of common stock. The Company thus far has
granted only stock options and stock bonuses under the Equity
Incentive Plan. At December 31, 2005, the Company had
issued 1,616,285 shares of common stock pursuant to stock
option exercises and 69,688 shares of common stock as stock
bonuses, the Company had paid cash in an amount equivalent to
52,356 shares of common stock to offset the tax
consequences of the stock bonuses, and there were outstanding
stock options to purchase 6,187,958 shares of common stock.
As a result, at December 31, 2005, there were 1,840,764
remaining shares of common stock available for future awards
under the Equity Incentive Plan.
The Stock Purchase Plan authorizes the Company to issue shares
of common stock to its eligible employees. The Stock Purchase
Plan divides the calendar year into two six-month plan periods,
one beginning on January 1 and ending on June 30 and the
other beginning on July 1 and ending on December 31.
Under the Stock Purchase Plan, a participant can choose each
plan period to have up to 5% of his or her annual base earnings
up to $5,000 withheld to purchase shares of common stock. The
purchase price of the common stock is equal to 85% of the lower
of its
beginning-of-period
or
end-of-period
market price. The Company is authorized to issue up to
200,000 shares of common stock under the Stock Purchase
Plan. At December 31, 2005, the Company had issued
38,781 shares of common stock to employees, leaving
161,219 shares of common stock available for future
issuance under the Stock Purchase Plan.
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