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To: Sr K who wrote (161898)10/7/2000 2:35:32 PM
From: rudedog  Respond to of 176387
 
No, they issues new options, 1 for 1 against the previous grant. The previous grant still stands. This only applied to the last grant, not to any previous grants.

Contrast that to some other re-pricing which was in effect an adjustment of all outstanding ESOs.