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Stock-Based Incentive Plan (Tables)
9 Months Ended
Mar. 31, 2013
Stock-Based Incentive Plan  
Summary of information regarding outstanding Stock Options and Incentive Warrants and the changes during the fiscal year

 

 

 

Number of Stock
Options
and Incentive
Warrants

 

Weighted Average
Exercise Price

 

Aggregate
Intrinsic Value
(1)

 

Weighted
Average
Remaining
Contractual
Term (in
years)

 

 

 

 

 

 

 

 

 

 

 

Stock Options and Incentive Warrants outstanding at July 1, 2012

 

5,372,820

 

$

1.83

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

Exercised

 

(330,000

)

$

0.78

 

 

 

 

 

Cancelled or forfeited

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options and Incentive Warrants outstanding at March 31, 2013

 

5,042,820

 

$

1.90

 

$

41,588,327

 

2.8

 

 

 

 

 

 

 

 

 

 

 

Vested or expected to vest at March 31, 2013

 

5,042,820

 

$

1.90

 

$

41,588,327

 

2.8

 

 

 

 

 

 

 

 

 

 

 

Exercisable at March 31, 2013

 

5,042,820

 

$

1.90

 

$

41,588,327

 

2.8

 

 

(1) Based upon the difference between the market price of our common stock on the last trading date of the period ($10.15 as of March 31, 2013) and the Stock Option or Incentive Warrant exercise price of in-the-money Stock Options and Incentive Warrants.

Summary of the status of unvested Stock Options and Incentive Warrants and the changes during the year

 

 

 

Number of
Stock
Options

and Incentive
Warrants

 

Weighted
Average Grant-
Date Fair Value

 

 

 

 

 

 

 

Unvested at July 1, 2012

 

18,922

 

$

2.45

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

Vested

 

(18,922

)

$

2.45

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

Unvested at March 31, 2013

 

 

$

 

Schedule of Restricted Stock transactions

 

 

 

Number of
Restricted
Shares

 

Weighted
Average
Grant-Date
Fair Value

 

 

 

 

 

 

 

Unvested at July 1, 2012

 

452,600

 

$

5.16

 

 

 

 

 

 

 

Granted

 

211,197

 

$

7.88

 

 

 

 

 

 

 

Vested

 

(215,856

)

$

5.19

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

Unvested at March 31, 2013

 

447,941

 

$

6.42