Tucows 2012 Annual Report Download - page 68

Download and view the complete annual report

Please find page 68 of the 2012 Tucows 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 108

  • 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
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108

63
Outstanding Equity Awards at Fiscal Year-End
The following table sets forth information concerning stock options held by the named executive officers as of
December 31, 2012:
Name and Principal Position
Number of
Securities
Underlying
Unexercised
Options
(#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options
(#)
Unexercisable
Option
Exercise
Price ($)
Option
Expiration
Date
E
lliot Noss 214,575
—
0.37 8/5/13
223,991
—
0.37 8/5/13
1,394,738
—
0.37 8/5/13
76,500
—
0.36 8/4/13
200,000
—
0.58 8/10/14
150,000
—
0.85 3/18/14
60,000
—
0.60 5/22/15
64,000 64,000 0.70 5/16/17
8,750 26,250 0.73 8/14/18
—
30,000 1.38 5/17/19
2,392,554 120,250
M
ichael Cooperman 621,475
—
0.37 8/5/13
150,000
—
0.58 8/10/14
120,000
—
0.85 3/18/14
75,000
—
0.60 5/22/15
64,000 64,000 0.70 5/16/17
8,750 26,250 0.73 8/14/18
—
30,000 1.38 5/17/19
1,039,225 120,250
D
avid Woroch 30,000
—
0.36 8/4/13
60,000
—
0.58 8/10/14
80,000
—
0.85 3/18/14
65,000
—
0.60 5/22/15
64,000 64,000 0.70 5/16/17
8,750 26,250 0.73 8/14/18
—
30,000 1.38 5/17/19
307,750 120,250
The stock options grants listed in the above table were issued under our 1996 Plan as well as under our 2006
Plan.
Under the 1996 Plan, these options vest over a period of four years and have a 10 year term. These options are
not exercisable for one year after the grant. Thereafter they become exercisable at the rate of 25% after the first year,
with the remaining 75% vesting evenly at each month end over the next 36 months, becoming fully exercisable after the
fourth year.
Under the 2006 Plan, these options vest over a period of four years and have a 7 year term. These options are
not exercisable for one year after the grant. Thereafter they become exercisable at the rate of 25% per annum, becoming
fully exercisable after the fourth year.