XML 49 R16.htm IDEA: XBRL DOCUMENT v3.20.1
Note 10 - Equity Incentive Plans
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Stock Incentive Plans Disclosure [Text Block]
10
. Equity Incentive Plans
 
2006
Omnibus Securities and Incentive Plan
. During
2006,
the Company established the Gevo, Inc.
2006
Omnibus Securities and Incentive Plan (the
“2006
Plan”). Pursuant to the
2006
Plan, the Company granted stock awards to employees and directors of the Company. Upon adoption of the Gevo, Inc.
2010
Stock Incentive Plan (as amended and restated, the
“2010
Plan”),
no
further grants can be made under the
2006
Plan. At
December 31, 2019,
there were
no
remaining shares available for future grants of stock awards. To the extent outstanding awards under the
2006
Plan expire, or are forfeited, cancelled, settled, or become unexercisable without the issuance of shares, the shares of common stock subject to such awards will be available for future issuance under the
2010
Plan.
 
2010
Stock Incentive Plan
. In
February 2011,
the Company’s stockholders approved the Gevo, Inc.
2010
Plan. The
2010
Plan provided for the grant of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock awards, restricted stock units and other equity awards to employees and directors of the Company. On
June 10, 2019,
the
2010
Plan was amended and restated, which increased the number of shares of common stock reserved for issuance to
3,266,661
shares. In
July 2019,
the Company issued
254,500
shares of common stock in relation to restricted stock awards granted on
August 9, 2018.
In
July 2019,
the Company also issued
1,283,032
shares of common stock in relation to restricted stock awards granted on
June 24, 2019
and
25,581
shares of common stock in relation to restricted stock awards granted on
August 8, 2019,
in each case vesting over
two
years, to its employees and directors. In
August 2019,
the Company withheld
79,790
shares of common stock to settle income taxes related to the vested restricted stock awards for certain employees. At
December 31, 2019,
an additional
1,785,829
shares were available for issuance upon the exercise of outstanding stock option awards or the grant of stock appreciation rights and restricted stock awards under the
2010
Plan.
 
Employee Stock Purchase Plan
. In
February 2011,
the Company’s stockholders approved the Employee Stock Purchase Plan (the "ESPP"). The offering periods for the ESPP are from
January 1
to
June 30
and from
July 1
to
December 31
of each calendar year. The Company has reserved
190
 shares of common stock for issuance under the ESPP, of which
190
shares as of
December 31, 2019
are available for future issuance. The purchase price of the common stock under the ESPP is
85%
of the lower of the fair market value of a share of common stock on the
first
or last day of the purchase period. There were
no
purchases of common stock under the ESPP during
2019.