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Technology Stocks : Oracle Corporation (ORCL)
ORCL 239.27-1.9%Nov 7 9:30 AM EST

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To: Tom C who wrote (15294)2/14/2001 10:54:19 AM
From: lml  Read Replies (1) of 19079
 
Often holders of exercised option sell a portion of their shares to cover the tax implications of their exercise. Options exercised result in taxable income, whose taxes must be promptly paid.

Your point is well-taken, and is certainly not necessarily applicable to LE, but more commonly such holder needs to generate the cash to pay the tax hit resulting from the exercise of the option.
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