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To: adsorb who wrote (3356)8/11/2000 4:24:54 PM
From: John Madarasz  Read Replies (1) | Respond to of 3418
 
I don't get it...

Under the column heading "Conversion or Exercise Price of Derivative Security" I see the price of $4.50.

That would lead me to believe that options were exercised, meaning "put into operation", or converted, by being acquired at the price of $4.50

If Killeen was granted these options, wouldn't he have to exercise them at some point to put them into operation, so that they could be disposed of (or exercised again) at a later predetermined time frame?

I see this as a positive thing, and a smart and timely business move by Killeen, it would lead me to believe that now two more insiders see appreciation of the price of the stock from these levels.

No rose colored glasses here... it just seems pretty straight forward, but I certainly could be mistaken?

TIA