Includes options.
In March 2003, Mr. Peter Sprague, the founder and former Chairman of the Company, was appointed Chairman and Chief Executive Officer of Wavexpress, a subsidiary of the Company. In April 2009, Mr. Sprague became an employee of the Company where he is responsible for the marketing of our hardware-based digital security products and services for the medical services industry. Total compensation paid to Mr. Sprague from both Wavexpress and the Company was $259,200 for the year ended December 31, 2011, $254,000 for the year ended December 31, 2010 and $129,000 for the year ended December 31, 2009. Mr. Sprague was also granted options to purchase 80,000 shares of Class A Common Stock of the Company at a strike price of $4.59 in 2011, 80,000 shares of Class A Common Stock of the Company at a strike price of $1.95 in 2010 and 80,000 shares of Class A Common Stock of the Company at a strike price of $0.8095 in 2009. Mr. Peter Sprague is the father of the Company's President and Chief Executive Officer, Steven Sprague.
On November 1, 1999, Michael Sprague became an employee of Wavexpress, a subsidiary of the Company. In April 2009, Michael Sprague became an employee of the Company where he is responsible for developing web-based solutions that are complementary to and work with our hardware-enabled trusted computing security technologies. Michael Sprague was paid $224,280 for the year ended December 31, 2011, $217,000 for the year ended December 31, 2010 and $175,000 for the year ended December 31, 2009. Michael Sprague was also granted options to purchase 75,000 shares of Class A Common Stock of the Company at a strike price of $4.59 in 2011, 75,000 shares of Class A Common Stock of the Company at a strike price of $1.95 in 2010 and 60,000 shares of Class A Common Stock of the Company at a strike price of $0.8095 in 2009. Michael Sprague is the brother of Steven Sprague and the son of the Company's founder and former Chairman, Peter Sprague.
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