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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: StaggerLee who wrote (3777)5/18/1999 9:04:00 AM
From: Mike Fredericks  Read Replies (3) of 13157
 
Bill Samuels' 2% market cap bonus is a completely separate issue. It has nothing to do with what is being voted on this week. Item #2 on the proxy authorizes management to grant themselves 1.5 million options

All I know is that I read that darn proxy 3 or 4 times and it's sort of confusing, but it definitely talks about the 2% market cap bonus in the same area as it talks about the rest of the compensation plan. My read is that #2 includes the 2% bonus, the executive options plan, and the options plan for everyone else who works there. I could be wrong, as the proxy statement, like every other document filed with the SEC, is written to minimize the number of people who understand it.

-Mike
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