| Schedule of Outstanding Options |
Newcastle’s outstanding options at March 31, 2014 consisted of the following:
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Number of Options
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Strike Price (A)
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Maturity Date
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343,275
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$
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10.28
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5/25/2014
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162,500
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12.84
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11/22/2014
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330,000
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12.03
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1/12/2015
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2,000
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12.62
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8/1/2015
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170,000
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11.95
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11/1/2016
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242,000
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12.80
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1/23/2017
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456,000
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11.19
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4/11/2017
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1,580,166
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1.51
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3/29/2021
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2,424,833
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0.86
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9/27/2021
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2,000
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1.07
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12/20/2021
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1,867,167
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1.61
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4/3/2022
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2,265,000
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1.84
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5/21/2022
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2,499,167
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1.83
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7/31/2022
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5,750,000
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3.03
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1/11/2023
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2,300,000
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3.54
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2/15/2023
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4,025,000
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3.76
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6/17/2023
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5,795,095
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4.04
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11/22/2023
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Total W/A
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30,214,203
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$
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3.31
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(A)
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The strike prices are subject to adjustment in connection with return of capital dividends. In the first quarter of 2014 strike prices were adjusted by $0.32 reflecting the portion of Newcastle’s 2013 dividends which was deemed return of capital.
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As of March 31, 2014, Newcastle’s outstanding options were summarized as follows:
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Held by the Manager
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25,653,733
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Issued to the Manager and subsequently transferred to certain of the Manager's employees
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4,556,470
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Issued to the independent directors
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4,000
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Total
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30,214,203
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