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Bitmap Image  |  1996-10-31  |  206KB  |  615x332  |  8-bit (17 colors)
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OCR: Incentive options are granted at a price equal to the lowest fair market value during the month of grant as determined by the Board of Directors Nonqualified options must be granted at a price not less than 85% of fair market value on the date of grant as determined by the Board of Directors The following summarizes activity in the stock option plans for the years ended March 31 1996, 1995 and 1994: Number Exercise price TY shares per share Options outstanding as of March 31, 1993 4,301 ,092 $o 20- 1.44 Granted 935 219 0. 75 9.63 Exercised (806 492 20 50 Canceled 549 884 20 9.50 Options as of March 31 1994 879 928 0.20 9.6 Granted 3,330, 794 1 75 16.50 Exercised 1,398 302 0 20 10.94 Canceled (1,067 256 0.22 10.94