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# For all those leaving positions with stock options...

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Director
Joined: 05 Apr 2006
Posts: 727
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For all those leaving positions with stock options... [#permalink]

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14 Feb 2007, 10:17
Please find out if your benefits are subject to forfeiture upon leaving your position. In most cases they will be as generally one has to be at a retirement condition to retain stock options with their normal expiration schedule upon leaving their position. Often you will have a window after leaving of 90-days to exercise (accelerated expiration). Long shares from espp's, prior ex/holds, RSA vestings, etc are yours to keep. But please make sure that you ex/hold or ex/sell all options before expiration. There is nothing worse in my current position than to tell a participant that they have forfeited 70k in stock options because they waited too long to call in. Expiration is firm and there are NO EXCEPTIONS!
Director
Joined: 10 Aug 2006
Posts: 665
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Re: For all those leaving positions with stock options... [#permalink]

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14 Feb 2007, 10:53
Mark4124 wrote:
Please find out if your benefits are subject to forfeiture upon leaving your position. In most cases they will be as generally one has to be at a retirement condition to retain stock options with their normal expiration schedule upon leaving their position. Often you will have a window after leaving of 90-days to exercise (accelerated expiration). Long shares from espp's, prior ex/holds, RSA vestings, etc are yours to keep. But please make sure that you ex/hold or ex/sell all options before expiration. There is nothing worse in my current position than to tell a participant that they have forfeited 70k in stock options because they waited too long to call in. Expiration is firm and there are NO EXCEPTIONS!

I havent done so and will do it soon (but i still have time till end of 2007)

Thanks for reminder
Manager
Joined: 10 Sep 2006
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14 Feb 2007, 11:20
all my options are underwater... if only i could go back in time and take that other job with that other company
Senior Manager
Joined: 03 Aug 2006
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14 Feb 2007, 13:52
Right on..

I have more than 10000 options!
all priced around $9 a share.. The stock price is less than$3
Director
Joined: 05 Apr 2006
Posts: 727
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14 Feb 2007, 15:03
Lucky you! Too bad the stock price wasn't 9 and the grants 3.
Senior Manager
Joined: 03 Aug 2006
Posts: 444
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Kudos [?]: 5 [0], given: 0

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14 Feb 2007, 15:08
Mark4124 wrote:
Lucky you! Too bad the stock price wasn't 9 and the grants 3.

??
basically, my 10000 options are worthless!
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