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To: HairBall who wrote (68269)	2/1/2001 7:58:12 PM
From: Dave Kiernan	Read Replies (1) \| Respond to of 99985

LG, I hope this meets your 'Think like a Criminal' criteria.<G> February 1, 2001 S.E.C. Tells Concerns to Disclose Cancellations of Stock Purchases The issue arose after a number of companies allowed executives who had exercised stock options early in 2000 to decide late in the year to rescind that exercise, as if they had never bought the shares. The companies acted after the shares had plunged, and after executives had complained that the taxes they owed as a result of exercising the options were greater than the late December value of the shares they had bought. No names of companies that allowed such rescissions of share purchases have yet been disclosed, but accountants say that a number of companies, primarily technology companies, allowed the rescissions. nytimes.com NY Times membership required to read link. Dave K