HARRIS & HARRIS GROUP INC. OPTION GRANTING, VESTING AND EXPIRATIONS GRANT DATE FOR ALL OPTIONS: JUNE 26, 2006
------------------------------------------------------------------------------------ VESTING PERIOD ------------------------------------------------------------------------------------ Expiration Total Date of Options Options 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Granted - ------------------------------------------------------------------------------------------------------------------------------------ HARRIS 10 Yr NQSO (vest 33% on 12/26/06, 33% vest on 6/26/07, and 33% on 6/26/08) 6/26/2016 230,000 230,000 230,000 690,000 10 Yr ISO (vest 33% on 12/26/06, 33% vest on 6/26/07, and 33% on 6/26/08) 6/26/2016 9,891 9,891 9,891 29,673 NQSO- 1 Yr - 100% vest on 12/26/06 6/26/2007 200,327 200,327 NQSO- 2 Yr 50% vest on 6/26/07 6/26/2008 20,000 20,000 50% vest on 12/26/07 6/26/2008 20,000 20,000 NQSO- 3 Yr - 33% vest on 6/26/07 6/26/2009 13,334 13,334 33% vest on 6/26/08 6/26/2009 13,333 13,333 33% vest on 12/26/08 6/26/2009 13,333 13,333 1,000,000 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ JAMISON 10 Yr ISO(1) 6/26/2016 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 89,019 NQSO- 1 Yr 100% vest on 12/26/06 6/26/2007 200,981 200,981 NQSO 2 Yr 50% vest on 6/26/07 6/26/2008 95,000 95,000 50% vest on 12/26/07 6/26/2008 95,000 95,000 NQSO- 3 Yr 33% vest on 6/26/07 6/26/2009 53,334 53,334 33% vest on 6/26/08 6/26/2009 53,333 53,333 33% vest on 12/26/08 6/26/2009 53,333 53,333 640,000 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ LEFF - 10 Yr ISO (1) 6/26/2016 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 89,019 NQSO- 1 Yr 100% vest on 12/26/06 6/26/2007 200,981 200,981 NQSO 2 Yr 50% vest on 6/26/07 6/26/2008 95,000 95,000 50% vest on 12/26/07 6/26/2008 95,000 95,000 NQSO - 3 Yr 33% vest on 6/26/07 6/26/2009 53,334 53,334 33% vest on 6/26/08 6/26/2009 53,333 53,333 33% vest on 12/26/08 6/26/2009 53,333 53,333 640,000 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ ANDREEV - 10 Yr ISO(1) 6/26/2016 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 89,019 NQSO- 1 Yr 100% vest on 12/26/06 6/26/2007 200,981 200,981 NQSO 2 Yr 50% vest on 6/26/07 6/26/2008 95,000 95,000 50% vest on 12/26/07 6/26/2008 95,000 95,000 NQSO- 3 Yr 33% vest on 6/26/07 6/26/2009 53,334 53,334 33% vest on 6/26/08 6/26/2009 53,333 53,333 33% vest on 12/26/08 6/26/2009 53,333 53,333 640,000 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ FORMAN 10 Yr ISO(1) 6/26/2016 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 89,019 NQSO- 1 Yr 100% vest on 12/26/06 6/26/2007 100,981 100,981 NQSO 2 Yr 50% vest on 6/26/07 6/26/2008 55,000 55,000 50% vest on 12/26/07 6/26/2008 55,000 55,000 NQSO- 3 Yr 33% vest on 6/26/07 6/26/2009 25,000 25,000 33% vest on 6/26/08 6/26/2009 25,000 25,000 33% vest on 12/26/08 6/26/2009 25,000 25,000 375,000 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ WOLFE 10 Yr ISO (1) 6/26/2016 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 89,019 NQSO- 1 Yr 100% vest on 12/26/06 6/26/2007 80,981 80,981 NQSO 2 Yr 50% vest on 6/26/07 6/26/2008 45,000 45,000 50% vest on 12/26/07 6/26/2008 45,000 45,000 NQSO- 3 Yr 33% vest on 6/26/07 6/26/2009 20,000 20,000 33% vest on 6/26/08 6/26/2009 20,000 20,000 33% vest on 12/26/08 6/26/2009 20,000 20,000 320,000 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ EGAN 10 Yr ISO(1) 6/26/2016 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 89,019 - NQSO- 1 Yr 100% vest on 12/26/06 6/26/2007 10,981 10,981 NQSO 2 Yr 50% vest on 6/26/07 6/26/2008 2,500 2,500 50% vest on 12/26/07 6/26/2008 2,500 2,500 NQSO- 3 Yr 33% vest on 6/26/07 6/26/2009 1,487 1,487 33% vest on 6/26/08 6/26/2009 1,487 1,487 33% vest on 12/26/08 6/26/2009 1,486 1,486 109,460 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ BRADY - 10 Yr ISO(1) 6/26/2016 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 9,891 89,019 NQSO- 1 Yr - 100% vest on 12/26/06 6/26/2007 4,804 4,804 93,823 - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ OTHER EMPLOYEES 10 Yr ISO(1) 6/26/2016 15,556 15,556 15,556 15,556 15,556 15,556 15,556 15,554 15,554 140,000 - ------------------------------------------------------------------------------------------------------------------------------------ - - ------------------------------------------------------------------------------------------------------------------------------------ Total 1,325,701 1,359,507 764,321 84,793 84,793 84,793 84,793 84,791 84,791 - - 3,958,283 - ------------------------------------------------------------------------------------------------------------------------------------
Footnote (1): 10 Yr ISO's vest 1/9 of total award on 12/26/06, then 1/9 of total award on each of the following dates: 6/26/07, 6/26/08, 6/26/09, 6/26/10, 6/26/11, 6/26/12, 6/26/13 and 6/26/14