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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: dacoola who wrote (55039)	4/24/2000 7:13:00 PM
From: StockDung	Respond to of 122087

Ask Jeeves CEO Exercised $40 Million in Options Get Quote, Company Info: ASKJ By Jeremy Pelofsky Reuters WASHINGTON (April 24) - Robert Wrubel, president and chief executive of the online question-and-answer service Ask Jeeves Inc. acquired almost $40 million worth of company shares through exercising stock options in 1999. He acquired 354,170 shares after exercising the options and held another $5.8 million worth of exercisable, in-the-money options as of Dec. 31, according to the company's proxy filed on Monday with the Securities and Exchange Commission. Ask Jeeves, based in Emeryville, Calif., paid Wrubel a salary of $187,500 and other compensation of $5,305 compensation as well as awarding the 39-year-old executive 177,000 stock options in 1999, the filing showed. That was about 81 percent more than he received in 1998 when he was paid a salary of $96,231, a bonus of $9,844 as part of a relocation assistance allowance and $300 in other compensation, according to the proxy. He also received 1.05 million stock options that year. Wrubel became CEO in November 1998 and also has served as president of the company since May 1998. Ask Jeeves had revenue of about $22 million and net losses of almost $53 million in 1999 compared to revenue of $800,398 and net loss of almost $7 million the previous year. Its shares, which closed down 4 at 25-3/8 on Nasdaq on Monday, are trading near a 52-week low of 22-1/8. The stock's 52-week high was 190-1/2. Ask Jeeves also made a $1.17 million interest-bearing loan to Wrubel in April 2000 'intended to assist Mr. Wrubel pay his income tax obligations,' the filing said. Full payment of the principal and accrued interest on the loan is due in April 2001 and was secured by the value of shares Wrubel held in the company. The 177,000 options awarded to Wrubel in 1999 could have a worth ranging from close to $30 million if Ask Jeeves' shares rose 5 percent annually, or $47 million if the stock price goes up 10 percent a year, according to the filing. Most of the options carry an exercise price of $10 per share and expire May 20, 2009 while 2,000 of the options have a $32.94 per share exercise price and expire Sept. 30, 2009, the proxy showed. Reut18:04 04-24-00