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Strategies & Market Trends : Employee Stock Options - NQSOs & ISOs -- Ignore unavailable to you. Want to Upgrade?

To: hueyone who wrote (61)	6/16/2002 6:18:27 PM
From: hueyone	Respond to of 786

The weighted average vesting period for all upper level execs listed in the Proxy for year 2001 is 4.09 years. I spotted one mistake after the editing period expired. I recalculated the weighted average vesting period and got 3.82 years. Of course this weighted average does not take in to account the length of vesting periods for options granted in previous periods. Nevertheless, the calculation is illustrative of the shorter vesting periods that the author of the "Performance:Optional" article is referring to. Best, Huey

To: hueyone who wrote (61)	6/16/2002 7:58:09 PM
From: rkral	Read Replies (1) \| Respond to of 786

Of this 7.95M option shares, 4.75M vest in five years at the rate of 5% per quarter, but 3.2M of the options vest in one year. The weighted average vesting period for Mr. Siebel for options granted in 2001 is 3.39 years. Thanks for the info. It's items like "3.2M of the options vest in one year" that cause the errors in my calcs based on annual linear vesting over 5 years (for SEBL) versus what is actually happening. But I don't plan to refine my calcs .. too much effort .. no reward. It's like Arte Johnson used to say on Rowen & Martin's Laugh-In .. "VEEERYY IIIINTERESTING, BUT NOT VERY PROOOFITABLE". My main reason for doing the calc was to find out if before-tax and after-tax compensation expenses were different. Apparently, they are not. Ron