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Tuesday, July 09, 2013 2:09:18 AM
From the 8-k on the 5th:
"The Pursuant to the Restricted Stock agreements, forms of which are attached hereto as Exhibits 10.1 10.2, 10.3 and 10.4, seventeen percent (17%) of each individual grant shall vest on December 31, 2013, and the remaining 83% shall vest on December 31, 2015. The grants for all will vest immediately upon (i) a change of control, and are subject to, such executive and/or employees continued employment, and in the case of any director, such director’s continued service on the Board, and (ii) an employee, who has an entered into an employment agreement with the Company, serving the duration of the term of such employment agreement in accordance with its terms."
SO they will not be in full effect in the companies earnings because they will not currently reflect an economic impact of the companies financials until they are fully issued in 2015. Only 17% of those should be in effect.
(I made a typo in previous post.)
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