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Technology Stocks : Intel Corporation (INTC)
INTC 36.82+1.5%Dec 19 9:30 AM EST

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To: The Duke of URL© who wrote (172755)1/31/2003 2:22:35 AM
From: Dave Budde  Read Replies (1) of 186894
 
Re: "I could guess and say that he was given options on 18,700 shares at 26 bucks a share or approximately half a million dollars to be a director, at the time. Paid in four years, which sounds reasonable at the time."

Options aren't given to these guys, they are granted. The optionee has to buy the shares when exercised. So when granted, since they are granted at market value, they are worth nothing.
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