HARRIS & HARRIS GROUP INC.
OPTION GRANTING, VESTING AND EXPIRATIONS
GRANT DATE FOR ALL OPTIONS: JUNE 26, 2006
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VESTING PERIOD
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Expiration Total
Date of Options
Options 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Granted
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Total 1,325,701 1,359,507 764,321 84,793 84,793 84,793 84,793 84,791 84,791 - - 3,958,283
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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