STOCK OPTION PLANS (Tables)

12 Months Ended

Dec. 29, 2012

A summary of the Company’s stock options is as follows:

	Number of
	Shares of			Weighted
	Common Stock			Average
	Underlying			Exercise		Price
	Stock Options			Price		Range
Outstanding - December 31, 2011		7,542,459		$	0.41	$	0.07	-	$	1.33
Granted		753,400			0.15		0.14	-		0.20
Expired/Forfeited		(664,114	)		0.33		0.21	-		1.06
Exercised		-			-		-	-		-

Outstanding - December 29, 2012		7,631,745			0.39		0.07	-		1.33

Exercisable - December 29, 2012		6,627,301		$	0.42	$	0.07	-	$	1.33

Available for grant - December 29, 2012		1,819,504

Options Outstanding and Exercisable

The following table summarizes information for options outstanding and exercisable at December 29, 2012:

					Outstanding						Exercisable
					Number of		Weighted
					Shares of		Average		Weighted		Number		Weighted
					Common Stock		Remaining		Average		of		Average
					Underlying		Life		Exercise		Stock		Exercise
Price Range					Stock Options		(Years)		Price		Options		Price
$	0.07	-	$	0.20		2,038,760		7.32	$	0.12		1,500,813	$	0.11
	0.21	-		0.30		2,157,507		4.95		0.28		1,737,927		0.28
	0.31	-		0.50		1,640,570		4.36		0.42		1,593,653		0.42
	0.51	-		1.00		1,761,908		1.58		0.81		1,761,908		0.81
$	1.01	-	$	1.33		33,000		0.99		1.13		33,000		1.13
Total						7,631,745		4.66	$	0.39		6,627,301	$	0.42

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References+ Details

IPARTY CORP 10-K