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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (6150)5/21/2003 5:15:14 PM
From: Robert O  Respond to of 25522
 
except that he has to stay as an AMAT employee to cash in on this "outright stock grant".

For one year only!

One year? Try 5 months for the first cool $2 million:

Michael Splinter, hired on April 30, cannot sell or transfer the shares until they vest: half on Oct. 1 and the other half one year later.

The company's compensation committee, however, can choose to accelerate vesting of the options at any time and at its discretion, according to the filing.

RO



To: Proud_Infidel who wrote (6150)5/21/2003 10:39:16 PM
From: advocatedevil  Read Replies (1) | Respond to of 25522
 
I seem to recall browsin' through another recent AMAT SEC filing that indicated in addition to the 300,000 restricted shares Splinter received virtually for free, he also acquired options for an additional 1.2 Million shares with a traditional exercise price and vesting schedule.

AdvocateDevil


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