SPINE-TECH, INC.
EXHIBIT 11--STATEMENT RE: COMPUTATION OF EARNINGS PER SHARE
(unaudited)
THREE MONTHS ENDED
MARCH 31,
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1996 1995
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PRIMARY LOSS PER SHARE:
Weighted average shares outstanding 9,706,697 2,111,250
SAB No. 83 shares -- for stock options granted at exercise prices less than the
initial public offering price during the 12 months preceding the initial
public offering using the treasury stock method -- 353,742
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9,706,697 2,464,992
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Net loss $ (355,004) $ (98,716)
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Primary loss per share $ (0.04) $ (0.04)
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FULLY DILUTED LOSS PER SHARE:
Weighted average shares outstanding 9,706,697 6,246,478
SAB No. 83 shares -- for stock options granted at exercise prices less than the
initial public offering price during the 12 months preceding the initial public
offering using the treasury stock method -- 353,742
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9,706,697 6,600,220
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Net loss $ (355,004) $ (98,716)
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Fully diluted loss per share $ (0.04) $ (0.01)
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