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Technology Stocks : Phoenix Technologies (PTEC)
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To: Robert Alan who wrote (3178)3/6/1999 12:44:00 PM
From: The Pope  Read Replies (2) of 3624
 
I don't follow your math.

If he exercised the options with his own money, then assuming Mr. Caldwell's numbers are close (btw, I love this "Mr." thing we've got going on), he would need $320K, as Mr. Caldwell stated. He would not owe any taxes until he actually sold the shares, at which point he would pay those taxes out of the proceeds.

In a wash sale, he wouldn't need to come up with any money of his own; the proceeds from the sale would be deposited in the brokerage account of his choosing, and he would have a tax liability.
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