IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: Goodboy who wrote (1434)	3/15/1999 3:15:00 PM
From: Dennis R. Duke	Read Replies (1) of 2693

From last year's 10-K: sec.gov "ROY GRANT -- Vice President -- Chief Financial Officer since April 30, 1997 and Vice President -- Treasurer from November 1996 to July 1997. Chief Financial Officer of IWCL since April 1997. Chief Financial Officer of Capital since June 18, 1997. Prior thereto, Mr. Grant served from 1992 to 1996 as Finance Director for Edison Mission Energy, the largest independent power developer in the United States. Mr. Grant also worked for Marriott Corporation from 1988 to 1992 in its corporate and project finance areas and at American Airlines from 1980 to 1988, most recently as its Managing Director -- Banking where he was responsible for all of the airline's banking relationships." During that year the average price from the Equity statement for options exercise was: (Exercise of stock options in thousands 3,262 yielded $43million) average exercise price of $13.182097. Therefore, since he started within that year I am assuming his basis in the options were at about the same price and Roy probably recognized a $725,000ish gain. Now if I could do that, I would, too. No position in the stock. Later, Dennis

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