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Technology Stocks : PSIX up 26.5%, Takeover(?)
PSIX 52.15+1.3%Nov 21 9:30 AM EST

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To: AmericanVoter who wrote (5497)1/29/2001 9:36:40 AM
From: Rutgers   of 5650
 
Take a look at the Form S-8 filed with the SEC...

on January 22, 2001

As you can see from the link below, these are *employee* options granted as part of a Retention Stock Incentive Plan (the "Plan"), which was approved by the Board of Directors as of November 6, 2000.

The purpose of the Plan is to enable PSIX to retain certain of their employees and consultants and provide them with an incentive to maintain and enhance the Firm's long-term performance record. Awards granted under the Plan are evidenced by agreements between the individual employee or consultant and PSINet.

nasdaq.com`&selected=PSIX
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