Contact Information: For Further Information: Big Dog Holdings, Inc. 121 Gray Avenue Santa Barbara, California 93101 www.bigdogs.com www.walkingco.com CONTACT: Laura Russell Investor Information (805) 963-8727, ext. 1360 Email Contact
Big Dog Holdings, Inc. Repurchases a Block of Options for 245,000 Shares
| Source: Big Dog Holdings, Inc.
SANTA BARBARA, CA. -- (MARKET WIRE) -- May 10, 2007 -- Big Dog Holdings, Inc. (NASDAQ : BDOG );
(www.bigdogs.com, www.thewalkingcompany.com), a developer and retailer of
branded, lifestyle consumer products, today reported that on May 9 it
purchased from officers of the Company all of the vested employee stock
options held by them that would otherwise expire within one year of the
current date. Options for a total of 245,000 shares were purchased from
five officers (no options were purchased from the CEO, Andrew Feshbach).
The purchase price was $16.00 per share, less the exercise price of the
options, which ranged from $6.50 to $10.00 per share. The $16.00 price
represents a discount of approximately 5% from the May 9 closing price of
$16.80. The net purchase price was $1,964,800. The Company paid for the
options by delivery of notes bearing interest at 7% per annum and payable
in two equal installments on April 10, 2008 and April 10, 2009.
Big Dog Holdings, Inc. consists of Big Dogs and The Walking Company. Big
Dogs develops, markets and retails a branded, lifestyle collection of
unique, high quality, popular-priced consumer products, including
activewear, casual sportswear, accessories and gifts. The BIG DOGS® brand
image is one of quality, value and fun. The BIG DOGS® brand is designed
to appeal to people of all ages and demographics, particularly baby boomers
and their kids, big and tall customers, and pet owners. In addition to its
144 retail stores, Big Dogs markets its products through its catalog,
internet and corporate sales accounts. The Walking Company is a leading
independent specialty retailer of high quality, technically designed
comfort shoes and accessories that features premium brands such as ECCO,
Mephisto, Dansko, Birkenstock and Merrell among many others. These
products have particular appeal to one of the largest and most rapidly
growing demographics in the nation. The Walking Company operates 152
stores in premium malls across the nation.