Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: JBoyd who wrote (34342)	7/12/1998 9:14:00 PM
From: Paul Engel	Read Replies (3) of 1571806

J - Re: "If I remember right, AMD was going to start issuing options at 50% of market to employees" Nice try! This is against SEC regulations. Stock options for new employees have to be pegged at current market valuations - within a 30 day window - of the start of employment. Just think what those lucky, existing AMD employees with option strike prices set at $48 would think if the newbies walk in with $7.50 option prices. Palace revolt! At the Sunnyvale White House! Of course, options can be reset at a later date - with a corresponding extension of the vesting time. Usually, Sanders reserves this perk for himself and his very close "yes-men". Paul

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