DigitalTown, Inc. | 2013 | FY | 3


  Number of Options Weighted Average Exercise Price Weighted Average Remaining Contract Life (years) Aggregate Intrinsic Value (1)
Outstanding February 28, 2011 4,155,000 $  1.862 - -
Granted 3,275,000   1.000 - -
Canceled or expired (3,260,000)   (1.699) - -
Outstanding - February 29, 2012               4,170,000 $  1.313 - -
Granted 1,200,000   1.000 - -
Canceled or expired (960,000)   (1.345) - -
Outstanding - February 28, 2013               4,410,000 $  1.221 7.32 $ -        
Exercisable at February 28, 2013                            3,870,000 $  1.248 7.09 $ -
           

 

(1)The intrinsic value of an option is the amount by which the fair value of the underlying stock exceeds its exercise price.

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