Monocle, options are just that, a right to buy a share at a pre fixed price during a certain time period. Employee options, which are part of a compensation package can expire without value. Options need to be accounted for on the balance sheet. In this case the insiders netted out their compensation options without having to put up cash themselves. This is a common practice. All insiders now own more shares, a bigger stake in the company. I see that as a sign of confidence. Nobody sold a single share. For the company it means less liabilities on the balance sheet, around 1.5 million less dilution ( I did not do the math,).
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