>What does "on a direct basis" mean?
i believe "direct" refers to shares he holds like you and i might
(i.e., non-option-related shares).
from the 13 may 98 10-K/A:
-----
The following table sets forth information concerning options granted
during January 1998 to the executive officers of the Company under
its employee stock option plans:
OPTION EXERCISES AND YEAR-END VALUE TABLE
Aggregate Option Exercises in January 1998 and
VALUE OF UNEXERCISED OPTIONS AT JANUARY 31, 1998
Number of Unexercised Value of Unexercised
Shares OPTIONS HELD IN-THE-MONEY OPTIONS
ACQUIRED AT JANUARY 31, 1998 HELD AT JANUARY 31, 1998
On Value -------------------------- --------------------------
Name EXERCISE REALIZED EXERCISABLE UNEXERCISABLE EXERCISABLE UNEXERCISABLE
- ------------------- -------- -------- ----------- ------------- ----------- -------------
Kobi Alexander - - 794,250 875,000 $21,921,357 $5,173,438
Carmel Vernia - - 206,250 220,000 $ 4,864,460 $ 553,125
Igal Nissim - - 12,500 42,500 $ 261,719 $ 270,781
Francis E. Girard 10,908 $222,796 43,332 352,043 $ 335,370 $1,753,586
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