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STOCK OPTIONS.
12 Months Ended
Dec. 31, 2012
STOCK OPTIONS.  
STOCK OPTIONS.

NOTE 10.    STOCK OPTIONS

 

In October 2000, TCI’s stockholders approved the Director’s Stock Option Plan (the “Director’s Plan”) which provides for options to purchase up to 140,000 shares of TCI’s common stock. Options granted pursuant to the Director’s Plan are immediately exercisable and expire on the earlier of the first anniversary of the date on which a Director ceases to be a Director or 10 years from the date of grant. Effective December 15, 2005 the plan was terminated. As of December 31, 2012, there were 5,000 stock options outstanding which were exercisable at $14.25 per share.  These options will expire January 1, 2015, if not exercised.