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45 Director Compensation (Stock Option Grant Facts) 55 0 15 0 10 20 30 40 50 60 Stock option grants may be expressed as a dollar value or a specific number of options. Stock option grants can be made annually or upon initial election to the board. 52 16 2 0 10 20 30 40 50 60 Annual grants Initial grants Both Grant expressed as a dollar value Grant expressed as specific number of options Both Number of Companies Number of Companies