Stock Option GrantsStock option grants are usually offered to employees after they have worked at the company for a set period of time. ... If the market price of the stock goes up in value, the grant price is still the same and the employee is purchasing a stock at a lower price than market value when exercising the option.
For those who aren't sure there are 3 possible steps to this process granting of options, exercising of options and disposition of the common shares acquired after exercising the option. The exercising of the options is typically based a prescribed time frame and the sp value. There are many examples of stock options being granted but not exercised.
The good news here is that there use very expensive ration the sp for THRM will rise well above $.55.