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Message: RE: Jimbo - Options question RE: Board - one additional comment

RE: Jimbo - Options question RE: Board - one additional comment

posted on Feb 07, 2006 07:45AM
Thanks, Larry. The Form 4 filing lists shares beneficially owned, so I think that means vested, as opposed to granted but not yet vested. While he may well have been able to negotiate to take his options with him, many companies -- OK, ``normal`` companies -- require the exiting employee to exercise options within a fairly strict time window. 90 days after termination is often the case.

In any event, I am also curious as to how anyone would know that his current selling is for ``living expenses.``

But maybe that`s just someone`s mistakenly unqualified guess...

Thanks again. Best to you.

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