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Microcap & Penny Stocks : INSP Investors Research

INSP 124.41

-2.3%

Nov 28 9:30 AM EST

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To: Dan Hamilton who wrote (353)	10/29/2001 10:35:44 AM
From: howsmydrivingal	Read Replies (1) of 787

If I were an employee with 12 thousand options priced at 3.00 and felt that in the next five years the stock price was going to 17 per share, I'd be looking at 168,000 bucks for my trouble under the old plan. Now my employer is asking me to reduce my options into 3,000 restricted shares of the stock (vested over the next two years). On the one hand, I would have more control over when I could get some money, but assuming the stock price is at 17, then I get 42,000. Happy?, well in the back of my mind I'd doing some math. Although the company does dangle the carrot that certain employees that participate in this program have the chance at additional shares... The basic value of shares is benefited by the reduction of 50 million shares (maximum number if all employees participate.) Course not all employees received their options at a strike price at 3.00 and I believe the plan reads such that other options priced higher are brought down to 3.00 also. This is not true of all options at any price, but rather to the February 2001 plan as well as those options granted to new employees, right?

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