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OCR: Pre ferrea S tock The Company authorized to issue 10,000, ,000 shares convertible preferred stock with par value of $0.001 per share Stock Warrants The following summarizes stock warrant activity for the three years ended March 31, 1995 1994 and 1993 Number Exercise price of shares per share Warrants outstanding at March 31, 1992 211.302 $ 1.12 25.00 Exercised {7,692} Warrants outstanding at March 31, 1993 203,610 2.16 25.00 Exercised (167 ,595) 2.16 10.00 Canceled {27 265) .48 25.00 Warrants outstanding at March 31, 1994 and 1995 8,750 Stock 0pt ion Plans/s: tock Appreciati ion Rights Macromedia assurmed various incentive and nonqualified plans as a result of being the successor company resulting from merger activities. The plans assumed "Prior Plans MacroMind 1989 Incentive and Nonstatut ...