VALENCE TECHNOLOGY (VLNC) Message Board

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Technology Stocks : VALENCE TECHNOLOGY (VLNC)

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To: jean1057 who wrote (2069)	2/8/1998 6:51:00 PM
From: CYY	Read Replies (1) of 27311

Hi All, Maybe I can shed some light on the Options. When you exercise an option at $1.26 and the stock is at $4.5, the difference is considered your income and you have to pay Uncle Sam. (The tax basis of your exercised options is $4.5) So, let's say you are in the 30% bracket. What you have to pay is: $1.26 + .3 (4.5-1.26) or approximately $2.23. So, if you have 626K options to exercise, you have to come up with $2.23 626K = $1.4M. At a stock price of $4.5, you have to sell 311K shares. In my books, it's close enough to the 338K shares registered to sell. Still patiently waiting for News with my fingers crossed... Regards, CYY

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