RE:RE:RE:When The CEO ExercisesA grant of options requires only one transaction (code 50) filed under the options security designation.
An exercise of options requires two transactions: one for the exercise of the options (disposition) and one for the acquisition of the underlying security (both using code 51). If the underlying security was subsequently sold, then a third transaction would be required (code 10 if in the marker or code 11 if carried out privately).
He has not exercised his options from what I see; code 50 was filed. What would be the incentive to exercise right now versus a year, two or near the expiry date of five years?