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Non-Tech : Tyco International Limited (TYC)
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To: Techplayer who wrote (1763)3/3/2000 3:44:00 PM
From: Chuzzlewit  Read Replies (1) of 3770
 
Briand,

I did a calculation of the market value of the stock DK bought through options exercise, and I came up with $33MM. I think the number in the news story was garbled. According to the definitive proxy, DK exercised options on 846,000 shares. Assuming a market price (not an exercise price) of $39 per share that comes to $32.994 MM.

TTFN,
CTC
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