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To: energyplay who wrote (82472)	12/22/2000 1:55:08 PM
From: jim_p	Read Replies (2) \| Respond to of 95453

energyplay, Good point. The employees normally are issued incentive stock options which are not taxed until the stock is sold. I would expect most of the .com employees who were issued stock options were issued incentive stock options and would not have a tax problem. Executives who are issued nonqualified stock options can also have a nominal value placed on the stock option grant, and file an election with the IRS and pay a nominal tax. If the IRS doesn't challenge it within the statute of limitations, which I believe is three years from the date of the filing, then the exercise is long term capital gain. Jim