Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: Dennis R. Duke who wrote (49478)	7/2/1998 10:58:00 AM
From: Dee Jay	of 61433

every employee at ASND gets an option; after 1 year they can begin selling stock which vests monthly (from the beginning). Therefore, at the end of the 1st year they can exercise and sell that past year's worth of vesting at one time, and then exercise a month's worth each month thereafter. That said it's important to note that any employee selling (aside from mgmt's) has little effect on the overall volume of sales in any given day. Dee Jay

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