|
Exercise Price |
|
Warrants |
|
Balance, |
|
Granted |
|
Exercised |
|
Expired |
|
Balance, |
|
Granted |
|
Exercised |
|
Expired |
|
Balance, |
|
|
Warrants |
|
Expiring |
|
2012 |
|
2012 |
|
2012 |
|
2012 |
|
2012 |
|
2013 |
|
2013 |
|
2013 |
|
2013 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
|
|
— |
|
— |
|
|
3.00 |
|
11/30/2014 |
|
75,000 |
(1) |
|
|
|
|
|
|
75,000 |
|
|
|
|
|
— |
|
75,000 |
|
|
|
|
|
|
75,000 |
|
— |
|
— |
|
— |
|
75,000 |
|
— |
|
— |
|
— |
|
75,000 |
|
(*) On November 30, 2009, TWC granted 75,000 five-year warrants to purchase TWC Common Stock at the then market price of $3.00 per share, in connection with the Company’s engagement of a capital markets advisor. The warrants vest over two-year period, with the first of three equal parts vested immediately upon the grant date, and the remaining parts upon the next succeeding anniversary dates of the grant. As of December 31, 2013, all warrants have been vested. (See also “Note 8 — Stockholders’ Equity” above).