RE:not goodplumena3 wrote: https://ceo.ca/UEX
Look at the full SEDI report (free to peruse)
Suraj, Graham, Emmet and Roger were allowed to exercise options that were to expire in June 2021 if not used. All except Roger exercised 400,000. Roger exercised 650,000 options.
Suraj (who must be about 80 years old now) was allowed to go first, then Emmet, then Graham and finally Roger. Only Roger sold all of his option shares.
I'm sure there were heated discussion about this in the board room, but can you blame them for not throwing options that were in the money in the trash bin.
It's not as if they sold all of their shares or walked away with a ton of cash. With the heat Roger has been under, I'm sure he, and the other board members, felt he deserved a bit of incentive cash.
Suraj now still holds 125,000 shares, Emmet 72,400 shares, Graham (who has been with UEX since the get go) holds 1,566,000 shares and Roger holds 185,400. Surely if Roger were leaving he would have sold them all!
| | #options excerised | exercise price | cost to buy options | shares sold | average price | benefit of sale | net benefit | shares from options exercising remaining |
| Ahuja, Suraj | 400,000 | $0.23 | $92,000 | 300,000 | $0.3829 | $114,870 | $22,870 | 100,000 |
| McGrath, Emmet | 400,000 | $0.23 | $92,000 | 250,000 | $0.3839 | $95,986 | $3,986 | 150,000 |
| Thody, Graham | 400,000 | $0.23 | $92,000 | 290,000 | $0.3647 | $105,763 | $13,763 | 110,000 |
| Lemaitre, Roger | 650,000 | $0.23 | $149,500 | 650,000 | $0.3743 | $243,295 | $93,795 | 0 |