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OCR: Pre Ferrea S tock The Company 14 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 127 265 25.00 Warrants outstanding at March 31, 1994 and 1995 8,750 Stock 0pt ion Plans/s tock Appreciation Rights Macromedia assumed various incentive and nonqualified plans as a result being the successor company resulting from merger activities The plans assumed ("Prior Plans were MacroMind 1989 Incentive and Nonstatutory St ...