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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Dennis R. Duke who wrote (49478)7/2/1998 7:18:00 AM
From: polarisnh  Read Replies (2) | Respond to of 61433
 
Dennis,

<What fries me is that these are the same employees who got their options re-priced while us shareholders did not get our market purchases re-priced and had to wait it out to get back our basis.>

Repricing of options in the high tech field is very common. It is part of the employee compensation plan. A lot of the time people are willing to accept a lower wage package if options are thrown in. If management didn't do some form of repricing of these options people would have probably bolted. Shareholders are just that, shareholders. If at any time that they feel the price of their shares are not justified they can sell them.

I understand your frustration though. There were days last December and January when I was hoping my stock purchases could get repriced!

Cheers,

Steve



To: Dennis R. Duke who wrote (49478)7/2/1998 10:58:00 AM
From: Dee Jay  Respond to of 61433
 
every employee at ASND gets an option; after 1 year they can begin selling stock which vests monthly (from the beginning). Therefore, at the end of the 1st year they can exercise and sell that past year's worth of vesting at one time, and then exercise a month's worth each month thereafter.

That said it's important to note that any employee selling (aside from mgmt's) has little effect on the overall volume of sales in any given day.

Dee Jay


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