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PLANET POLYMER TECHNOLOGIES, INC. EXHIBIT 11.1
STATEMENT OF COMPUTATION OF COMMON AND COMMON EQUIVALENT SHARES
AS OF JUNE 30, 1999
Three months ended June 30, Six months ended June 30,
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1999 1998 1999 1998
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Shares outstanding at beginning of period 5,300,144 5,300,144 5,300,144 5,300,144
10,169 shares issued on March 15, 1998 10,169 10,169 10,169 3,978
8,695 shares issued on June 15, 1998 8,695 1,433 8,695 721
13,483 shares issued on September 15, 1998 13,483 -- 13,483 --
8,571 shares issued on December 15, 1998 8,571 -- 8,571 --
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Weighted average number of shares 5,341,062 5,311,746 5,341,062 5,304,843
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1,000,000 shares issued on January 11, 1999 1,000,000 939,227
9,677 shares issued on March 15, 1999 9,677 5,721
5,000 shares issued on March 30, 1999 5,000 2,541
9,677 shares issued on June 15, 1999 1,595 802
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Weighted average number of shares 6,357,334 6,289,353
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