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Technology Stocks : CRUS, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Terrapin who wrote (5824)	5/12/1998 1:12:00 PM
From: Calvin Scott	Read Replies (1) \| Respond to of 8193

John, Most options vest over a period of 4 years from the date of issue. However, where these things defer is the in the first 6 to 18 month range. Some options are set up where the optionee can exercise up to 50% or more in the first year. This happens a lot when options are re-priced. Since Mike did not get his options re-priced, I would expect his vestment to be 25% for the first year with the remain 75% vesting on a monthly basis over the 4 year term. Calvin Scott