Intel Corporation (INTC) Message Board

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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: carl a. mehr who wrote (172788)	1/31/2003 3:36:25 PM
From: Saturn V	Read Replies (1) of 186894

Humble Carl, The best explanation for Pottruck's option grant is in GV Tuckers post: Message 18517236 Apparently Mr. Pottruck exchanged his salary as Director for Intel stock several years ago. I am not sure how exactly it worked, but he made the correct gamble. Excerpts from the GVTuckers post: ...Intel also grants stock options to independent directors. In accordance with Intel's 1984 Stock Option Plan, option grants to independent directors may not exceed 40,000 shares per director per year, and the option exercise price must be equal to the fair market value on the date of grant. ..In 2001, each independent director was paid a retainer fee of $24,000. In addition, independent directors receive a fee of $4,000 plus out-of-pocket expenses for each regular Board meeting attended....Intel has a deferred compensation plan for independent directors. Under this plan, independent directors may elect to defer up to 100% of their annual retainer and fees, and receive an investment return on the deferred funds as if the funds were invested in Intel common stock...Drs. Yoffie and Shaw and Mr. Pottruck participated in the deferred compensation plan for 2001...

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