21.  CAPITAL AND OTHER COMPONENTS OF EQUITY (CONTINUED):  22.  SHARE-BASED COMPENSATION:  Notes to CoNsolidated FiNaNCial statemeNts (In thousands of dollars except as noted and per share amounts) Capital management (continued):  Having satisfied the above factors, if cash is available, it will be used to repurchase the Company’s shares and convertible  debentures when the Board of Directors considers that the then current trading range does not reflect the fair trading  value of the Company’s shares.As such, the Company puts in place a Normal Course Issuer Bid (“NCIB”) from time to  time. As at September 28, 2013, there is no NCIB in place. The Company does not use equity ratios to manage its capital requirements.  The Company has reserved and set aside for issuance an aggregate of 850,000 shares at a price equal to the average  market price of transactions during the last five trading days prior to the grant date. Options are exercisable to a  maximum of 20% of the optioned shares per year, starting after the first anniversary date of the granting of the options  and will expire after a term of ten years. Upon termination, resignation, retirement, death or long-term disability, all  share options granted under the Share Option Plan not vested shall be forfeited. On March 19, 2012, a total of 230,000 share options were granted at a price of $5.61 to certain executives  subject to the approval of the shareholders to amend the Share Option Plan eligible person definition to include all senior personnel at the next Annual General Meeting.The shareholders approved the grant of these share options on  January 30, 2013.  During fiscal 2013, a total of 23,500 common shares (September 29, 2012 - 100,000 common shares) were issued  pursuant to the exercise of share options under the Share Option Plan for total cash proceeds of $92 (September  29, 2012 - $361), which was recorded to share capital as well as an ascribed value from contributed surplus of $4 (September 29, 2012 - $15).  Compensation expense is amortized over the vesting period of the corresponding optioned shares and is expensed in  the administration and selling expenses with an offsetting credit to contributed surplus.An income of $4 was incurred  for the year ended September 28, 2013 (expense of $40 for the year ended 2012). The following table summarizes information about the Share Option Plan as of September 28, 2013: Outstanding Outstanding number of  Options  Options  Options  number of  Weighted Exercise  options at  granted  exercised  forfeited  options at  average  Number of price  September 29,  during  during  during  September 28,  remaining  options per option  2012  the period  the period  the period  2013  life  exercisable $ 3.61  50,000  –  20,000  –  30,000  2.17  30,000 $ 5.61  230,000  –  3,500 –  226,500  8.46  42,500  Rogers Sugar Inc. 92