Though it's not specifically stated by the company, I would imagine they would not make these shares part of the float now. I think the company will reclaim the shares and retire them, removing them from the outstanding shares. To me, the question of whether or not they were a part of the float prior to this announcement is a moot question. The execs probably didn't sell the shares into the open market so as far as we're concerned, they were never part of the float. It's doubly moot since we don't know what the float is anyways, just what the outstanding shares are.
If the question is were the shares part of the outstanding, I'm going to say yes. The shares were issued and vested.
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