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28
INOTERA MEMORIES, INC.
NOTES TO FINANCIAL STATEMENTS
The details of these employee stock option plans for the years ended December 31, 2008, 2009 and 2010, were as follows:
As of December 31, 2009 and 2010, the details of the Company
s outstanding stock options, which were treated as a
compensatory plan, were as a follows:
Compensation costs for share-based -
employee stock option plan payments of $15,839, $83,097 and $134,785 were
recognized for the years ended December 31, 2008, 2009 and 2010, respectively. Also, compensation costs for share-based -
capital increase in cash allocated for employees payments of $0, $0 and $364,800 were recognized for the years ended
December 31, 2008, 2009 and 2010, respectively.
For years ended December 31,
2008
2009
2010
Number of
options (Units)
Weighted-
average exercise
price
Number of
options (Units)
Weighted-
average exercise
price
Number of
options (Units)
Weighted-
average exercise
price
Outstanding at January 1, 2008, 2009 and 2010
$95,174
30.95
156,102
20.56
150,989
19.31
Options granted
80,000
10.00
14,500
17.20
56,182
15.40
Option exercised -
-
-
-
(20,781
)
10.00
Options forfeited
(19,072
)
28.14
(19,613
)
17.79
(13,542
)
17.79
Outstanding at December 31, 2008, 2009 and 2010
156,102
20.56
150,989
19.31
172,848
18.95
Options exercisable, end of year -
34,254
79,450
Weighted-average fair value of options granted $
3.5
7.50
7.24
December 31, 2009
Options outstanding Options exercisable
Range of exercise
price Number of
options
Remaining
periods Exercise price Number of
options
Exercise price
$
28.60
69,034
5.66
28.60
34,343
28.60
$
24.80
1,747
5.95
24.80
911
24.80
$
10.00
66,989
6.75
10.00
-
-
$
17.20
13,219
7.33
17.20
-
-
December 31, 2010
Options outstanding Options exercisable
Range of exercise
price Number of
options
Remaining
periods
Exercise price Number of
options
Exercise price
$
27.80
64,336
4.66
27.80
48,035
27.80
$
24.50
1,517
4.95
24.50
866
24.50
$
10.00
40,444
5.75
10.00
30,549
10,00
$
17.20
11,465
6.33
17.20
-
-
$
15.40
55,086
7.79
15.40
-
-