EXHIBIT 11
GREASE MONKEY HOLDING CORPORATION AND SUBSIDIARIES
COMPUTATION OF EARNINGS PER COMMON SHARE
(unaudited)
Quarters Ended Sept. 30, Nine Months Ended Sept. 30,
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1996 1995 1996 1995
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PRIMARY EARNINGS PER SHARE
Net income (loss)................................... $ 30,204 135,714 (163,770) 195,695
Dividends on preferred stock........................ (31,602) (31,696) (94,163) (94,936)
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Net income (loss) applicable to common stock........ $ (1,398) 104,018 (257,933) 100,759
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Common shares outstanding........................... 4,369,251 4,363,650 4,369,251 4,363,650
Effect of using weighted average common
and common equivalent shares....................... (4,987) (1,439) (13,686) (12,682)
Effect of shares issuable under common stock
warrants using the treasury stock method........... * 68,966 * 125,000
Effect of shares issuable under stock options
using the treasury stock method.................... * 7,328 * 65,458
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Shares used in computing primary earnings
per share.......................................... 4,364,264 4,438,505 4,355,565 4,541,426
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Primary earnings per common share................... $ ** 0.02 (0.06) 0.02
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FULLY DILUTED EARNINGS PER SHARE
Net income (loss)................................... $ 30,204 135,714 (163,770) 195,695
Dividends on preferred stock........................ (31,602) (31,696) (94,163) (94,936)
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Net income (loss) as adjusted....................... $ (1,398) 104,018 (257,933) 100,759
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Shares used in computing primary earnings
per share.......................................... 4,364,264 4,438,505 4,355,565 4,541,426
Effect of shares issuable upon conversion of
preferred stock ................................... * * * *
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Shares used in computing fully diluted
earnings per share ................................ 4,364,264 4,438,505 4,355,565 4,541,426
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Fully diluted earnings per common
share ............................................. $ ** 0.02 (0.06) 0.02
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* Antidilutive
** Less than $.01 per share