I think that that when a company issues options to a person, the company, not the individual, files forms to indicate this to the SEC. When the individual, who received the option, wants to ``activate`` the options for possible sale, he files forms to do so. I , unfortunatly, don`t know the names of the forms. Maybe some corporate types here can elaborate. I also think that when options are issued, the individual pays nothing out of pocket for these options and depending on the stature of the employee he may not even pay taxes on the profits.

All JMHO

Nick