It is currently 13 Dec 2017, 05:22

Decision(s) Day!:

CHAT Rooms | Ross R1 | Kellogg R1 | Darden R1 | Tepper R1


Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

For all those leaving positions with stock options...

  new topic post reply Update application status  
Author Message
TAGS:

Hide Tags

Director
Director
User avatar
Joined: 05 Apr 2006
Posts: 727

Kudos [?]: 9 [0], given: 0

For all those leaving positions with stock options... [#permalink]

Show Tags

New post 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!

Kudos [?]: 9 [0], given: 0

Director
Director
User avatar
Joined: 10 Aug 2006
Posts: 665

Kudos [?]: 7 [0], given: 0

Re: For all those leaving positions with stock options... [#permalink]

Show Tags

New post 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!


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

Thanks for reminder :)

Kudos [?]: 7 [0], given: 0

Manager
Manager
User avatar
Joined: 10 Sep 2006
Posts: 60

Kudos [?]: 1 [0], given: 0

 [#permalink]

Show Tags

New post 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

Kudos [?]: 1 [0], given: 0

Senior Manager
Senior Manager
User avatar
Joined: 03 Aug 2006
Posts: 442

Kudos [?]: 5 [0], given: 0

 [#permalink]

Show Tags

New post 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 :arh :no :ouch

Kudos [?]: 5 [0], given: 0

Director
Director
User avatar
Joined: 05 Apr 2006
Posts: 727

Kudos [?]: 9 [0], given: 0

 [#permalink]

Show Tags

New post 14 Feb 2007, 15:03
Lucky you! Too bad the stock price wasn't 9 and the grants 3. :)

Kudos [?]: 9 [0], given: 0

Senior Manager
Senior Manager
User avatar
Joined: 03 Aug 2006
Posts: 442

Kudos [?]: 5 [0], given: 0

 [#permalink]

Show Tags

New post 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!

Kudos [?]: 5 [0], given: 0

  [#permalink] 14 Feb 2007, 15:08
Display posts from previous: Sort by

For all those leaving positions with stock options...

  new topic post reply Update application status  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.