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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: The Duke of URL© who wrote (172758)	1/31/2003 2:48:15 AM
From: Dave Budde	Read Replies (1) \| Respond to of 186894

Re: " Pardon? maybe I don't understand. The optionee has the right by definition not to exercise. That's where they get the name, "options". So what is the difference between "granted" and "given"?" When an option is exercised, the optionee must pay the grant price. Presumably the stock is a higher price when the exercise occurs, otherwise they wouldn't do it. You said the option was given to him at a value of 500K. Not true. The optionee must pay for the stock when he exercises it. It is not free. It has value only if the stock goes up after the grant date.