The following table sets forth the number of shares acquired on exercise of stock options in the Company’s last fiscal year and the aggregate dollar value realized on exercise of such stock options for the Named Executive Officers.
OPTION EXERCISES AND STOCK VESTED
Fiscal Year 2008
| Option Awards | |||||||
|---|---|---|---|---|---|---|---|
| Name | Number of Shares Acquired on Exercise (#) |
Value Realized on Exercise1 ($) |
|||||
| Garry O. Ridge | 22,919 | $ | 300,745 | ||||
| Jay Rembolt | 2,400 | $ | 38,249 | ||||
| Michael J. Irwin | 0 | $ | 0 | ||||
| Graham P. Milner | 6,000 | $ | 93,435 | ||||
| Michael L. Freeman | 0 | $ | 0 | ||||
| William B. Noble | 6,000 | $ | 44,040 | ||||
- The Value Realized on Exercise is calculated by subtracting the aggregate exercise price for the shares acquired upon exercise of the options from the fair market value price of such shares as of the date of exercise. The fair market value price of each share at exercise is the actual trade price for the share if sold in a cashless exercise transaction, otherwise by the closing price as of the date of exercise.