8x8 2010 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2010 8x8 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 94

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94

Option and Stock Purchase Right Activity
Stock Purchase Right Activity since March 31, 2009 is summarized as follows:
Weighted Weighted
Average Average
Grant-Date Remaining
Number of Fair Market Contractual
Shares Value Term (in Years)
Balance at March 31, 2008 - $ -
Granted 100,000 0.57
Vested - -
Forfeited - -
Balance at March 31, 2009 100,000 0.57
Granted 331,464 0.74
Vested (77,744) 0.68
Forfeited - -
Balance at March 31, 2010 353,720 $ 0.71 3.26
Option activity under the Company's stock option plans since March 31, 2007, is summarized as follows:
Weighted
Shares Average
Shares Subject to Exercise
Available Options Price
for Grant Outstanding Per Share
Balance at March 31, 2007 5,926,459 8,929,978 $ 2.17
Granted - Options (2,299,000) 2,299,000 1.26
Exercised - (22,208) 0.90
Canceled/Forfeited 905,706 (905,706) 1.80
Termination of plans (598,040) -
Balance at March 31, 2008 3,935,125 10,301,064 2.00
Granted - Options (1,855,500) 1,855,500 0.84
Stock purchase rights (100,000) - 0.57
Exercised - (89,300) 0.37
Canceled/Forfeited 1,330,985 (1,330,985) 1.72
Termination of plans (894,735) -
Balance at March 31, 2009 2,415,875 10,736,279 1.85
Stock purchase rights (331,464) - 0.74
Exercised - (195,500) 0.73
Canceled/Forfeited 1,273,376 (1,273,376) 1.68
Termination of plans (488,376) -
Balance at March 31, 2010 2,869,411 9,267,403 $ 1.90
62