Quarterly report pursuant to sections 13 or 15(d)

Shareholders' Equity (Tables)

v2.4.0.6
Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2012
Options Granted

Options granted during the nine months ended September 30, 2012 were as follows:

 

Grant Date   Expire Date   Shares     Exercise Price     Fair Value(1)  
January 31, 2012(2)   January 31, 2022     3,630,000     $ 2.80     $ 4,346  
May 29, 2012(2)   May 29, 2022     25,000     $ 1.47     $ 26  
July 12, 2012(3)   July 12, 2022     20,000     $ 1.55     $ 19  
September 28, 2012(3)   September 28, 2022     450,000     $ 1.32     $ 329  

 

(1) Fair value is calculated using the Black-Scholes option pricing model.
(2) Options vest in four equal annual installments beginning on the first anniversary of the respective grant dates.
(3) Options fully vest on the first anniversary of the respective grant dates.