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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: John Hull who wrote (76206)	3/11/1999 8:00:00 PM
From: vegetarian	Read Replies (2) \| Respond to of 186894

>> Then, once vested, the options live on for five more years. So, some of these options you see being exercised are ten years old. Now go do the math on the stock price and the split adjustments and see what that gets you. ($25 in 1989, three 2/1 splits since then...) I have options with strike price <$20, and those are less than 5 years old. Great to have a stock that appreciates over time.<< Its possible I am wrong, but please explain how. I look at the following chart shows that Intel stock split 3 times from 1989 to 1999 with a 2:1 split. With Jan 15, 1999 stock price of about 135, a fair option price would be around $17; so how does an insider-Parker exercise it at $3.67? unless it had a low exercise price? May be I am missing something here, but I would like to know what. quote.yahoo.com