They can't issue more than the authorized number of options or shares, Jim. I suggest you call IR so they can walk you through the thicket of arcane laws and rules covering this subject.
Have a good weekend!
From the 2000 Proxy.....
The 2000 Plan would replace a number of Company plans, including the Non-Qualified Stock Option Plan, 1992 Non-Qualified Stock Option Plan, 1992 Employee Stock Option Plan, 1995 Employee Stock Option Plan, and 1997 Stock Option Plan for Non-Employee Directors but excluding the 1999 Restricted Stock Plan and the Company's bonus plan (the "Preexisting Plans").
The 2000 Plan would allow the Company to continue to grant options, as under the Preexisting Plans, but would also authorize a broad range of other awards, including restricted and deferred stock, performance awards, stock appreciation rights ("SARs"), other types of awards based on the Company's Common Stock (collectively, "Awards"), and cash-based performance awards.
If the 2000 Plan is approved by shareholders at the Annual Meeting, no further awards will be granted under any of the
Preexisting Plans.
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