Re: Can somebody explain why Mr. Manocha's option not exercised

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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jrubinst

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Re: Can somebody explain why Mr. Manocha's option not exercised

in response to

Can somebody explain why Mr. Manocha's option not exercised

abelna

posted on Jul 13, 2014 05:48PM

The options give him the right to buy 500,000 shares at $1.75 from the company's treasury. He doesn't have to do it - certainly not at a loss. He has this right until the options expire- usually some years in the future - I'm not sure how long his are good for. He wil receive 3 more 500,000 option packages over the next 2 years.

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