General form of registration statement for all companies including face-amount certificate companies

Stock Options (Tables)

v2.4.0.8
Stock Options (Tables)
 12 Months Ended
Dec. 31, 2012
Summary Of Stock Option Activity

The following is a summary of stock option activity:

 

     Options     Weighted
Average
Exercise Price		     Weighted
Average
Remaining
Contractual
Term(Years)		  

Outstanding at December 31, 2010:

      447,659      $ 0.27        8.62   

Granted

      1,141,952        2.61     

LecTec stock option from Merger

      464,000        3.48     

Forfeited

      (9,223 )      (0.06 )   

Exercised

      (98,700 )      (0.27 )   
  

 

 

    

 

 

    

 

 

  

Outstanding at December 31, 2011:

      1,945,688        2.41        7.35   

Granted

      267,576        2.99     

Forfeited

      (354,932 )      (2.48 )   

Exercised

      (58,341 )      (0.27 )   
  

 

 

    

 

 

    

 

 

  

Outstanding at December 31, 2012

      1,799,991        2.54        7.66   
  

 

 

    

 

 

    

 

 

  

Exercisable at December 31, 2012

      941,876        2.71        7.11   
  

 

 

      
Non-vested Share-based Payment Activity With Employees

The following table represents non-vested share-based payment activity with employees for the year ended December 31, 2012 and 2011:

 

     Number of
Options		     Weighted
Average Grant
Date Fair Value		  

Nonvested options — December 31, 2010:

      325,575        0.27   

Granted

      1,141,952        0.42   

Vested

      (195,099 )      (0.87 ) 

Forfeited

      (9,223 )      (0.004 ) 
  

 

 

    

Nonvested options — December 31, 2011:

      1,263,205        1.41   

Granted

      267,576        2.99   

Vested

      (317,734 )      (1.92 ) 

Forfeited

      (354,932 )      (2.48 ) 
  

 

 

    

Nonvested options — December 31, 2012

      858,115        2.36