Actually those are options given to the Directors. And I doubt they will be exercising 3.50 options anytime soon. GL Explanation of Responses: ( 1) A stock option was issued under the issuer's 2002 Non-Employee Directors Stock Option Plan on December 19, 2012 in connection with the continued service of the reporting person on the issuer?s Board of Directors and was fully vested upon issuance. http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9215276-1060-9665&type=sect&TabIndex=2&companyid=6643&ppu=%252fdefault.aspx%253fcik%253d1047919