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STOCK OPTION EXERCISES
12 Months Ended
Dec. 31, 2016
STOCK OPTION EXERCISES  
STOCK OPTION EXERCISES

 

12.STOCK OPTION EXERCISES

 

Stock options were exercised at various dates in 2016, 2015, and 2014 and, consequently, a total of 1,046,580 shares of Common Stock were issued in 2016, 272,477 shares of Common Stock were issued in 2015, and 418,195 shares of Common Stock in 2014 for an aggregate payment of $855,021 in 2016, $283,933 in 2015, and $398,328 in 2014 to exercise such options.  These options were granted in 2008 and 2009 at exercise prices of $0.81 and $1.30.