equity compensation plan information the following table summarizes the equity compensation plan information as of december 31 , 2011 . information is included for equity compensation plans approved by the stockholders and equity compensation plans not approved by the stockholders . number of securities to be issued upon exercise of outstanding options weighted average exercise number of securities remaining available for future issuance ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9683058 $ 78.07 7269562 equity compensation plans not approved by security holders ( 2 ) 776360 $ 42.82 .

Table:
plan | number of securities tobe issued upon exerciseof outstanding options ( a ) | weightedaverageexerciseprice ( b ) | number of securitiesremaining available forfuture issuance ( excludingsecurities reflected incolumn ( a ) ) ( c )
equity compensation plansapproved by security holders ( 1 ) | 9683058 | $ 78.07 | 7269562
equity compensation plans notapproved by security holders ( 2 ) | 776360 | $ 42.82 | -
total | 10459418 | $ 75.46 | 7269562
( 1 ) includes the equity ownership plan , which was approved by the shareholders on may 15 , 1998 , the 2007 equity ownership plan and the 2011 equity ownership plan .
the 2007 equity ownership plan was approved by entergy corporation shareholders on may 12 , 2006 , and 7000000 shares of entergy corporation common stock can be issued , with no more than 2000000 shares available for non-option grants .
the 2011 equity ownership plan was approved by entergy corporation shareholders on may 6 , 2011 , and 5500000 shares of entergy corporation common stock can be issued from the 2011 equity ownership plan , with no more than 2000000 shares available for incentive stock option grants .
the equity ownership plan , the 2007 equity ownership plan and the 2011 equity ownership plan ( the 201cplans 201d ) are administered by the personnel committee of the board of directors ( other than with respect to awards granted to non-employee directors , which awards are administered by the entire board of directors ) .
eligibility under the plans is limited to the non-employee directors and to the officers and employees of an entergy system employer and any corporation 80% ( 80 % ) or more of whose stock ( based on voting power ) or value is owned , directly or indirectly , by entergy corporation .
the plans provide for the issuance of stock options , restricted shares , equity awards ( units whose value is related to the value of shares of the common stock but do not represent actual shares of common stock ) , performance awards ( performance shares or units valued by reference to shares of common stock or performance units valued by reference to financial measures or property other than common stock ) and other stock-based awards .
( 2 ) entergy has a board-approved stock-based compensation plan .
however , effective may 9 , 2003 , the board has directed that no further awards be issued under that plan .
item 13 .
certain relationships and related transactions and director independence for information regarding certain relationships , related transactions and director independence of entergy corporation , see the proxy statement under the headings 201ccorporate governance - director independence 201d and 201ctransactions with related persons , 201d which information is incorporated herein by reference .
since december 31 , 2010 , none of the subsidiaries or any of their affiliates has participated in any transaction involving an amount in excess of $ 120000 in which any director or executive officer of any of the subsidiaries , any nominee for director , or any immediate family member of the foregoing had a material interest as contemplated by item 404 ( a ) of regulation s-k ( 201crelated party transactions 201d ) .
entergy corporation 2019s board of directors has adopted written policies and procedures for the review , approval or ratification of related party transactions .
under these policies and procedures , the corporate governance committee , or a subcommittee of the board of directors of entergy corporation composed of .

Question: what portion of the total number of security options was not approved by security holders?
Answer: 7.42%
Calculation: divide(776360, 10459418)