INTL FCStone 2005 Annual Report Download - page 73

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INTERNATIONAL ASSETS HOLDING CORPORATION AND SUBSIDIARIES
Notes to the Consolidated Financial Statements—(Continued)
September 30, 2005 and 2004
Incentive Stock Options
As of September 30, 2005, options outstanding under qualified incentive stock options, including their grant
date, exercise price and expiration date, were as follows:
Options
outstanding
Grant
date
Exercise
price
Expiration
date Exercisable
83,930 November 2, 1998 $ 1.38 November 2, 2008 C
5,450 December 9, 1999 $ 7.17 December 9, 2009 B
3,750 March 10, 2000 $11.63 March 10, 2010 A
25,000 March 9, 2001 $ 3.44 March 9, 2011 E
32,500 March 9, 2001 $ 3.13 March 9, 2011 E
6,000 January 3, 2002 $ 0.65 January 3, 2012 E
14,000 April 11, 2002 $ 1.40 April 11, 2012 E
285,000 December 6, 2002 $ 2.50 December 6, 2012 D
47,071 December 6, 2002 $ 1.30 December 6, 2012 E
108,253 March 7, 2003 $ 2.50 March 7, 2013 D
13,334 May 20, 2003 $ 2.25 May 20, 2013 C
33,500 November 14, 2003 $ 4.75 November 14, 2007 E
47,500 November 18, 2004 $ 7.45 November 18, 2008 F
50,000 November 18, 2004 $ 8.57 November 18, 2008 G
20,000 December 1, 2004 $ 7.35 December 1, 2008 F
775,288
(A) Exercisable at 20% per year beginning one year from the date of grant.
(B) Exercisable at 20% per year beginning three years from the date of grant.
(C) Exercisable at 30% after year one, 30% after year two and 40% after year three.
(D) Exercisable at 33.3% after year one, 33.3% after year two and 33.4% after year three. These options are
100% exercisable upon a change in control of the Company.
(E) Exercisable at 33.3% after year one, 33.3% after year two and 33.4% after year three.
(F) Exercisable at 33% after year one, 33% after year two and 34% after year three.
(G) Exercisable at 33% after January 2, 2006, 33% after November 18, 2006 and 34% on November 18, 2007.
As of September 30, 2005 and 2004, qualified incentive stock options covering 465,954 and 475,983 shares
respectively, were exercisable. During the year ended September 30, 2005 and 2004, incentive stock options
covering 280,952 and 101,769 shares were exercised with a weighted average exercise price of $1.85 and $2.66,
respectively.
F-33