Stock options exercisingI thought i would take the time to explain to the average shareholder that either doesn't know or doesn't want to know the rationale for allowing the exercise of an option during a black out period.
The simplest explanation is that it enables the company to avoid potential litigation by the optionee
For example if the expiration of the options occured during a black out and they were not allowed to exercise their options then they would have suffered a financial loss . Depending on the size of the company and the amount of options involved it could represent a substantial loss for the optionee.
So the options are a separate function to the market and allows the funding of the company through the exercise of options and avoids unnecessary lawsuits from optioness. Just wanted to clarify for those that were trying to understand.