Ampex Corp: Digital Storage Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.78

+1.6%

1:21 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gus who wrote (1189)	1/9/1997 9:51:00 AM
From: Stephen W. Leahy	of 3256

Gus, I believe the form 4 filings are reporting acquisition of the options to purchase, not acquisition of the underlying shares, i.e. this is a grant of new incentive options to these 2 executives. This is a common practice at year-end as part of a compensation package and incentives. The 10.50 price is the exercise price which was probably the last sale at the time of the board meeting during which the option awards were granted on 12/13/96. So, to me it appears each of these two executi It appears that the Jacquet filing may have an incorrect share quantity in either column 5 or 7. It should probably be consistent as in the Talcott filing. Meaning 25,000 options to purchase 1 share per option, or 25,000 shares. So, to me it appears each of these two executives was recently awarded options to purchase 25,000 shares at 10.50 per share, subject to a vesting schedule. Hard to read anything into this filing as we did with the Bramson purchase of 400,000 shares in November. Steve

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next