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Note 12: Stock Compensation Plans: Schedule of Activity of the 2003 Plan (Tables)
12 Months Ended
Dec. 31, 2013
Tables/Schedules  
Schedule of Activity of the 2003 Plan

 

 

 

Activity of the stock option plans is summarized as follows:

 

 

 

 

 

 

 

 

 Number of Class A Shares

 

Weighted Average Exercise Price

 

 Number of Class C Shares(1)

 

Weighted Average Exercise Price(1)

 Outstanding at December 31, 2010

 

   1,596,095

 

  $    2.61

 

   3,438,355

 

  $   2.38

 Adjustment for the effect of stock dividends

 

       95,073

 

 

 

      171,920

 

 

 Granted

 

      346,500

 

 

 

                -

 

 

 Exercised

 

                -

 

 

 

                -

 

 

 Cancelled

 

      (41,125)

 

 

 

                -

 

 

 

 

 

 

 

 

 

 

 

 Outstanding at December 31, 2011

 

   1,996,543

 

  $    2.40

 

   3,610,275

 

  $   2.20

 Adjustment for the effect of stock dividends

 

       43,928

 

 

 

      245,145

 

 

 Granted

 

      347,000

 

 

 

                -

 

 

 Exercised

 

  (1,041,276)

 

 

 

    (525,000)

 

 

 Cancelled

 

    (123,134)

 

 

 

                -

 

 

 Reclass from A to C

 

    (250,808)

 

 

 

   2,508,085

 

 

 

 

 

 

 

 

 

 

 

 Outstanding at December 31, 2012

 

      972,253

 

  $    2.07

 

   5,838,505

 

  $   2.18

 Adjustment for the effect of stock dividends

 

       17,962

 

 

 

      242,217

 

 

 Granted

 

       81,960

 

 

 

      500,000

 

 

 Exercised

 

    (485,366)

 

 

 

  (1,906,022)

 

 

 Cancelled

 

      (76,676)

 

 

 

    (638,138)

 

 

 Reclass from A to C

 

    (105,000)

 

 

 

   1,050,000

 

 

 

 

 

 

 

 

 

 

 

 Outstanding at December 31, 2013

 

      405,133

 

  $    2.41

 

   5,086,562

 

  $   2.00

 

 

 

 

 

 

 

 

 

 Exercisable at end of year

 

      319,009

 

$    1.82

 

   4,561,562

 

$   1.65

 

 

 

 

 

 

 

 

 

 Available options for future grant

 

      312,642

 

 

 

   1,050,000

 

 

 

 

 

 

 

 

 

 

 

Weighted average contractual term of options

 

 

 

 

 

 

 

 

 outstanding at December 31, 2013

 

7.23 years

 

 

 

2.61 years

 

 

 

 

 

 

 

 

 

 

 

Weighted average contractual term of options

 

 

 

 

 

 

 

 

 exercisable at December 31, 2013

 

6.51 years

 

 

 

2.34 years

 

 

 

 

 

 

 

 

 

 

 

Aggregated intrinsic value of options outstanding

 

 

 

 

 

 

 

 at December 31, 2013

 

$893,398

 

 

 

$1,340,147

 

 

 

 

 

 

 

 

 

 

 

Aggregated intrinsic value of options exercisable

 

 

 

 

 

 

 

 at December 31, 2013

 

$893,172

 

 

 

$1,340,147

 

 

 

 

 

 

 

 

 

 

 

(1) Class “C” shares are converted to Class “A” shares on a 10 to 1 ratio. The Weighted Average Exercise Price is based on Class A Common shares.