Todays S-8 filing,
Increase the authorized under 2005 Stock Plan by approx. 72MM shares
for the following reason.
(per Stock Plan)
"(b) The number of shares of Common Stock available for issuance under the Plan shall automatically increase on the first day of each of the Company's fiscal years beginning in 2008 equal to 5% of the Shares outstanding on the last day of the immediately preceding fiscal year".
This is exactly how the authorized shares in 2005 Stoick Plan is increasing. Number of shares at year end were 1,439,826,362 multiplied by 5% gives us the additional 71,991,318 registered in S-8 today.
