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Technology Stocks : FirstWave Technologies (FSTW) -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (1975)	3/19/2000 7:34:00 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 9677

Hank, unfortunately options, especially unvested options, are not reported for insiders so it will appear that my position has decreased until I am able to exercise the options. Options usually show up only in the proxy filings. Same for Judi. OK to fuss at me all you want, but let's not make the employees shy about selling some option related stock from time to time. We want them to value options as part of their compensation package and that incentive is degraded if we don't allow them to exercise some from time to time. The fact that their options are now valuable, and that the options vest over a 4 year period, helps to motivate and retain the caliber of people needed for success. A director receives 20,000 options at first election plus 5000 per year of service. Options are sometimes awarded to attract a high caliber employee, but more often are used to reward performance and augment compensation of employees. The total amount of options available are approved by the shareholders and the actual awards to individuals are suggested by the CEO and approved (or modified) by the Board.