| For Immediate Release |
Contact: Jay Zager |
| March 19 , 2007 |
(860) 644-1551 |
| Gerber Scientific CEO Exercises Reload Stock Option SOUTH WINDSOR, CT -- Gerber Scientific, Inc. (NYSE: GRB) today reported that on March 14, 2007 Marc T. Giles, its President and Chief Executive Officer, exercised a reload stock option for 60,000 shares of common stock in a cashless exercise transaction in which Mr. Giles sold 33,300 of the option shares to pay the exercise price and tax obligations he incurred in connection with the transaction. The reload feature of this stock option, which was awarded to Mr. Giles on June 17, 2002, would have expired within the next three months. In addition to retaining 26,700 shares subject to the option, Mr. Giles received, pursuant to the reload feature, a new stock option for 33,300 shares with an exercise price fixed at the current value of the common stock and expiration date of the original option which is June 17, 2012. Mr. Giles will forfeit the reload option grant if he sells any of the shares acquired directly by him today within the next three years. In addition, none of the reload option shares may be acquired by Mr. Giles within this three-year period. About Gerber Scientific, Inc. Forward-looking Statements: | |