I cannot find any evidence that INFT repriced the options. As of December 31, 2000, they had close to 2.7 million options outstanding with a weighted average exercise price of approximately $15.50 per share. However, approximately 1.4 million of these options (pre-IPO) were priced at $5.35 per share or less.
INFT also repurchased some of their shares during the third quarter:
sec.gov
(2) TEASURY STOCK
During the September 2001 quarter, Inforte repurchased 1,297,202 shares of stock
for $12.7 million at an average price of $9.79. Of the shares repurchased,
96,000 were settled in the month of October for $0.9 million. During the March
2001 quarter, Inforte repurchased 58,500 shares for $0.5 million at an average
price of $8.08. The board approved a $25.0 million stock repurchase program on
January 24, 2001 and as of September 30, 2001, $11.8 million remained authorized
for repurchase. |
