RE: Subject: stock options

Subject: RE: Subject: stock options
From: "Kevin Christy" <kevinchristy -at- socal -dot- rr -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Sun, 24 Mar 2002 14:04:14 -0800


I had an interesting thing happen to me... shortly before I left one of my
jobs, I exercised my option to buy 2,500 shares at $.005 per. About a month
later, the company sent me a check with a letter telling me that the company
had exercised *their* option to buy my shares back from me at "market" value
(the company was not publicly traded). The company had just spun off a
division that looked to be highly successful, with another deal or two in
the works; the future looked bright. I ended up getting about $1200 dollars
for the shares, which, when I look at the company now, is a lot more than
what they were worth. At the time, though, I was pretty pissed. Management
*always* covers their butts, sometimes in surprising ways.

Kevin


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Follow-Ups:

References:
Subject: stock options: From: Mark L. Levinson

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