Subject to adjustment from time to time as provided in this Article 4.1 and in Article 12.1, the maximum aggregate number of shares of Common Stock available for issuance under the Plan shall be 1,700,000 shares. At any time after August 1, 2009, and from time to time thereafter, the Board may increase the maximum aggregate number of shares of Common Stock available for issuance under the Plan, provided that the maximum aggregate number of shares of Common Stock that may be issued under the Plan shall at no time be greater than 10% of the total number of shares of Common Stock outstanding.
So 5 times 1.7 million is 8.5 Million shares. (adjustment for forward split) How did we go from 8.5 MM to 14.5 MM? How did we go from 10% to 15%? When did the shareholders approve that change?