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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Exacctnt who wrote (46760)	2/12/1999 1:36:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

I'm sorry -- one of us has been living on another planet, and I can't for the life of me figure out which. In my old options plan, and in my father's, and in my friends' plans, they are given -- free and clear -- slightly restriced options. The options first go through a vesting period (the slight restriction); then they are exercisable for a certain period; then they expire. The only cash outlay I would have had (or my father/pals have had) is on exercise: the employee pays the strike for shares of stock. This last, it has been explained to me, is a taxable event. Am I from Pluto this morning? mb (lowercase)