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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (141587)	1/13/2002 5:02:30 PM
From: Bill Jackson	Respond to of 1586166

ted, I am not sure they can actually freeze an account like that. They can tell the client the account is frozen but it is not and the account administrator must obey client orders to sell, and reserve part for the IRS of course. This is like your broker refusing to sell your AMD shares because jerry said not too, so he could sell his shares first. The account adminstrator must be a neutral party. Now some options have limits on the hold, but I was under the impression these were Enron co-pay pension contributions and under the law that cannot be legended(a legend is a restriction printed on the share certificate, like "not saleable until 1 Jan, 2004". Pension fund contributions must be fully liquid. I have 50,000 directors options isued in 4 tranches of 12,500 1st Nov 01,02,03,04 and I can exercise them at any time after they are issued and they expire 3 months after I leave the company. Once issued they are irrevocable mine and I can sell or not with no restrictions at all.So the first tranche is mine to do whatever I wish with. 2,3,4 have not yet vested in me. If I leave the company, I do not get them. They are not part of a pension plan. There is going to be a 3-4 year lawsuit out of this, maybe even more. Bill