EDS - Recent pullback a buy opportunity??? Message Board

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Technology Stocks : EDS - Recent pullback a buy opportunity???

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To: Bob Hawk who wrote (1304)	1/3/1999 11:48:00 AM
From: bcroyle	of 1841

Performance Share Stock Option plan is an employee stock option plan introduced in 1997. All eligible employees were granted options to at least 50 shares of EDS stock (20 million shares were set aside) and more depending on time of service. 50% of options vest when the closing price of EDS stock on the NYSE increases 50 percent above the grant price ($37.75) and maintains this price for five consecutive trading days. The other half of the grant vests when the price on NYSE hits 100% above the grant price (or 10 years from May 14, 1997 or the date the grantee reaches age 65). Target price for 100% vesting is $74.75. 47.75 is significant as this was the market price on January 16, 1997 (!!) when the grant was issued and is the grant calculation price to calculate how many share you were granted (divided into compensation times years of service divided by the price of navel fuzz....). The grant price (price grantee is able to purchase EDS stock) is $37.75, and this is the price that is used to set the 50% and 100% price rise. whew!

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