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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: Thomas George Warner who wrote (2191)10/13/1998 8:20:00 PM
From: Benkea  Respond to of 3627
 
Tom:

"You seem to be mixing his shares obtained from HFS with those he has got since the merger. Not the same."

It is to me.



To: Thomas George Warner who wrote (2191)10/13/1998 8:24:00 PM
From: jjs_ynot  Respond to of 3627
 
>>> although all of Mr. Silvermans options were vested, the 17.2 million options that will be repriced will now become unexercisable and will vest at 25% per year over the next four years. <<<

The exercise date and the origin of the options is immaterial. It is only the strike price that matters.


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