Annual report pursuant to section 13 and 15(d)

Incentive Stock Plan

v2.4.0.6
Incentive Stock Plan
12 Months Ended
Dec. 31, 2012
Incentive Stock Plan [Abstract]  
Incentive Stock Plan

Note 9 – Incentive Stock Plan

 

In January 2011, the Company established the 3DIcon Corporation 2011 Equity Incentive Plan (the "2011 EIP"). The 2011 EIP is designed to retain directors, executives and selected employees and consultants and reward them for making contributions to the success of the Company. These objectives are accomplished by making long-term incentive awards under the 2011 EIP thereby providing participants with a proprietary interest in the growth and performance of the Company. The total number of shares of stock which may be purchased or granted directly by options, stock awards or restricted stock purchase offers, or purchased indirectly through exercise of options granted under the 2011 EIP shall not exceed 2,857,143 post-split shares. The shares are included in a registration statement filed January 14, 2011. Post-split shares totaling 940,126 and 1,872,344 were issued from the 2011 EIP during the year ended December 31, 2012 and 2011 respectively, for services rendered and to satisfy accounts payable to the Company. There are currently 44,673 shares available for issuance under the 2011 EIP.

 

In April 2012, the Company established the 3DIcon Corporation 2012 Equity Incentive Plan (the "2012 EIP"). The total number of shares of stock which may be purchased or granted directly by options, stock awards or restricted stock purchase offers, or purchased indirectly through exercise of options granted under the 2012 EIP shall not exceed five million (5,000,000) post-split shares.  The shares are included in a registration statement filed May 3, 2012. Post-split shares totaling 2,172,463 were issued from the 2012 EIP for services rendered and to satisfy accounts payable to the Company. There are currently 2,827,537 shares available for issuance under the 2012 EIP.