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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: digger who wrote (5382)	2/9/1999 11:04:00 AM
From: digger	Read Replies (2) \| Respond to of 17679

Option related purchases: From form 4 Note 1: Non-qualified stock option grant pursuant to Rule 16b-3 under the Ampex Corporation Stock Incentive Plan (the "Plan"). The option becomes exercisable as to 34% of the underlying shares on January 21, 2000, and as to an additional 8.25% quarterly thereafter until January 21, 2002. The option expires as to equivalent percentages of underlying shares 15 months after the applicable vesting date for such shares. I'm not versed on the "Plan" - were are you Hal? - Looks very positive. i.e. "Plan" is in place to reward employees for their hard work. Great incentives for Mr. Marione et al to continue the "sucess" of Ampex and it's growing entities. Cheers, digger