Ampex Corporation (AEXCA) Message Board

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Technology Stocks : Ampex Corporation (AEXCA)

AMPX 10.56

+4.4%

3:11 PM EST

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To: Sal Davis who wrote (9056)	6/9/1999 8:45:00 AM
From: killybegs	Read Replies (1) of 17679

Sal, He was not granted additional options;he exercised options and sold those shares...both amounts equal 51340. Exercise and sale for executives is part of their compensation. This is not generally considered a significant marker. When he sells is more a function of the window during which he is allowed to sell, which is generally a short window between the end of the last quarter and the first day of the last month in the current quarter. In fact, they were not exercisable until May 6, 1999... ".....These options become exercisable as to 34% of the shares on May 6, 1999 and as to an additional 11.0% each quarter thereafter until November 6, 2000...."(source:SEC Proxy)

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