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Technology Stocks : America On-Line: will it survive ...? -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (8503)3/5/1998 10:01:00 AM
From: jack rand  Respond to of 13594
 
AOL S8 filings of AOL Option Plans show that employees get
qualified options that can be exercised only to total of $100,000
fair market value in each YEAR. FMV = stock price, not exercise
price. By contrast officers have non-qualified and other plans
subject mainly to SEC Rule 144 limits, which has enabled them
to sell millions upon millions of $ worth per year.

Seems like a pretty raw deal for employees, especially those that
have been around a while.



To: Sam who wrote (8503)3/8/1998 6:45:00 AM
From: J.S.  Respond to of 13594
 
I agree, Sam. Lets can the semantics of "expiry worthless". The key point for the thread that should not be obscured is whether SC had
a pressing reason to cash in on so much money. The evidence appears to
point to no and suggest that he would not have sold so much unless
he believed the stock price was about as high as it was going to go
and, in fact, may fall significantly.

If you can find out more details on the terms of the options he
exercised, it would be appreciated.

Joe


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