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To: Biomaven who wrote (13011)11/24/1997 6:34:00 PM
From: jas singh MD  Respond to of 18263
 
Good evening Peter,
Thanks for the information regarding the options.<EOM>

Sincerely,

Jas



To: Biomaven who wrote (13011)11/24/1997 6:45:00 PM
From: Craig Richards  Read Replies (1) | Respond to of 18263
 
The exercise of an incentive stock option is not a taxable event

ISO exercise is an AMT preference item. If you're exercising large amounts of stock (for example, 60,000 shares at $12/share), this would be a taxable event due to AMT. I think it is possible that King exercised 100K of his options, and only sold 60K, as Calculated Risk admits that the SEC filings do not differentiate between options held and stock held. Does the filing contain before and after numbers for both options and shares held? If so, what are the totals? Perhaps SMKCPA was in fact correct with his information.



To: Biomaven who wrote (13011)11/25/1997 12:56:00 AM
From: CalculatedRisk  Respond to of 18263
 
Peter, thanks for the correction. I shouldn't respond to garbage posts when I'm busy! See you at single digits!
Regards, Bill