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Technology Stocks : Intel Corporation (INTC)
INTC 34.32-1.2%3:59 PM EST
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To: John Hull who wrote (76197)3/11/1999 3:42:00 PM
From: vegetarian  Read Replies (1) of 186894
 
>>3 - don't think this happens. all the options I've received have been issued at the average
stock price on the day of issue. might also be worth mentioning that I've never had any of
my options repriced (thankfully, they've never needed it).<<

May not happen to all employees, but look at some big fishes:
biz.yahoo.com
In this insider trading stat you can see options exercised at $3 and up.
It is very likely that they have their options at a hugely discounted exercise price.
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