42 / 111
41
EQUITY COMPENSATION PLAN INFORMATION
As of December 31, 2015, we had two equity compensation plans under which our common shares have
been authorized for issuance to our officers, directors, employees and non-employee consultants: (1) our Fixed
Stock Option Plan that was originally adopted on December 11, 2002 and subsequently approved by shareholders on
December 7, 2009, following certain amendments to the Fixed Stock Option Plan; and (2) our 10% Rolling Stock
Option Plan that was adopted by our shareholders on December 2, 2011. Upon adoption of the 10% Rolling Stock
Option Plan, the Fixed Stock Option Plan expired, and we may no longer grant any options under the Fixed Stock
Option Plan. However, the terms of the Fixed Stock Option Plan continue to govern all awards granted under such
plan until such awards have been cancelled or forfeited or exercised in accordance with the terms thereof.
The following table sets out those securities of the Company which have been authorized for issuance
under equity compensation plans, as at December 31, 2015:
Plan category
Number of securities to
be issued upon exercise
of outstanding options,
warrants and rights
(a)
Weighted-average
exercise price of
outstanding options,
warrants and rights
(b)
Number of securities remaining
available for future issuance
under equity compensation plans
(excluding securities reflected in
column (a))
(c)
Equity compensation plans
approved by security
holders
4,578,700
$4.00
715,488
Equity compensation plans
not approved by security
holders
-
$ -
-
Total
4,578,700
$4.00
715,488
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
The following table sets forth the outstanding option awards held by the NEOs of the Company as of
December 31, 2015. All grants were made under the 10% Rolling Stock Option Plan.
Option awards
Name
Number of securities
underlying unexercised
options
(#)
exercisable
Number of securities
underlying unexercised
options
(#)
unexercisable
Option exercise
price
($)
Option
expiration date
40,000
60,000
0.32
1/22/2020
75,000
-
1.24
12/17/2018
85,000
-
3.61
12/20/2017
Randall J. Scott
200,000
-
4.14
12/15/2016
20,000
30,000
0.32
1/22/2020
50,000
-
1.24
12/17/2018
50,000
-
3.61
12/20/2017
100,000
-
5.14
12/2/2016
Jaye T. Pickarts
250,000
-
10.53
3/16/2016
20,000
30,000
0.32
1/22/2020
50,000
-
1.23
6/12/2019
Paul H. Zink
50,000
-
1.24
12/17/2018