Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: bsl113 who wrote (10755)	5/11/1998 10:05:00 AM
From: Mark Finger	Respond to of 14631

>>Do you happen to know when Bob F. can exercise his options? From the SEC document (employment letter attached): sec.gov (b) STOCK OPTIONS. On the Employment Date, Executive shall be granted stock options (the "Stock Options") to purchase a total of one million five hundred thousand (1,500,000) shares of Company Common Stock with a per share exercise price equal to 100% of the "Fair Market Value," as determined under the Informix Corporation 1994 Stock Option and Award Plan (the "Stock Option Plan"). The Stock Options shall be for a term of ten years (or shorter, as described below, upon termination of Executive's employment (or, with the approval of the Board, Executive's consulting relationship) with the Company) and, subject to accelerated vesting as set forth in the Company's standard form of stock option agreement and as set forth elsewhere herein, shall vest as to 25% of the shares originally subject to the Stock Options on each anniversary of the date of grant, so as to be 100% vested four years from the date of grant, conditioned upon Executive's continued employment (or, with the approval of theBoard, .... ------------- The signatures are dated 18 Jul 97, and the document is dated 22 Jul 97. The price is probably the closing price on a date near the above dates (IFMX was trading near 10 at the time). The options vest at 25% per year on the aniversary date, so the earliest F. could sell any would be the end of July. Note that this for 1.5M, not the 1M that I think I saw in some post. Mark