not much 4m shares under the plan
If Proposal No. 2 is approved, the aggregate number of shares which may be issued pursuant to incentive stock options will be 3,974,784, plus the amount of any increase in the number of shares that may be available for issuance pursuant to the 2005 Plan Evergreen Provision
To be approved, Proposal No. 2, the approval of an amendment to the Company’s 2005 Equity Incentive Plan to increase the share reserve from 1,774,784 to 3,974,784, must receive “For” votes from the majority of shares represented either in person or by proxy and entitled to vote at the meeting. If you “Abstain” from voting, it will have the same effect as an “Against” vote. Broker non-votes will have no effect.