RE:RE:RE:OptionsThat's the date he received the options, not the exercise date. He has 5 years to use them. These will be held until the SP is well above the $2.70 imo & then he'll happily write a check to buy the shares at $2.70. Thus it's a way for a company to compensate an individual without the company giving out any money. They're giving the right to purchase the shares in the future at the given price now. So he holds a form of delayed reward for future SP performance.