GREY:WFEMF - Post by User
Comment by
GaiusGermanicuson Apr 25, 2014 7:34pm
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Post# 22493218
RE:RE:insider trading shows board members bought 6 million shares
RE:RE:insider trading shows board members bought 6 million shareskilgor wrote:
Gereynolds...... I don't see any code 51 (exercise of options), or code 54 (exercise of warrants), so what are you talking about?
Kind of what I was wondering given that even though options WERE awarded they should NOT have vested yet. At least I assume they followed standard rules of governance and had the options vest over a period of generalliy three years. To be awarded options only to exercise them and be awarded more options they might as well have purchased stock on the open market at about the same price and then gotten their double batch of options . . .
The only time you wouldn't CARE about vesting periods is in case of an aquisition where options become immediately vested (assuming that's in the contract language, which again is typical) and the payout is the difference between the strike price and the aquisition price.