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Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (1581)7/19/1999 9:54:00 PM
From: Shtirlitz  Respond to of 2514
 
freeedgar.com

<<
(1) Mr. Cook holds stock options, granted in connection with his employment, to
purchase a total of 4,254,627 shares of CustomTracks Common Stock, par
value $.01 per share, 531,828 of which became exercisable as of August 1,
1998, 531,828 of which became exercisable as of November 1, 1998, 531,828
of which became exercisable as of February 1, 1999, and 531,828 of which
became exercisable as of May 1, 1999. The options continue to vest in
equal quarterly installments of 531,828 shares on August 1, 1999; November
1, 1999; and February 1, 2000; and an installment of 531,831 on May 1,
2000. Mr. Cook owns directly 89,000 shares of Common Stock. Mr. Cook also
holds fully-vested options to acquire 30,000 shares of Common Stock, which
he acquired in his capacity as a director of CustomTracks.
(2) The total number of outstanding shares of CustomTracks Common Stock have
been increased pursuant to Rule 13d-3(d)(1)(i) to include the 2,689,140
shares subject to stock options held by Mr. Cook that are or will become
exercisable as of August 1, 1999.

>>



To: Tom Hua who wrote (1581)7/19/1999 9:58:00 PM
From: Shtirlitz  Read Replies (4) | Respond to of 2514
 
Can anyone explain, why a person who has 4.3 million options to by at .01 /share, would buy 5,000 shares in the open market for over 40 ?

Am I missing something, or is it a PR ?