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For all those leaving positions with stock options...

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

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New post 14 Feb 2007, 11:17
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
Director
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Joined: 10 Aug 2006
Posts: 665
Re: For all those leaving positions with stock options... [#permalink]

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New post 14 Feb 2007, 11:53
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 :)
Manager
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 [#permalink]

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New post 14 Feb 2007, 12:20
all my options are underwater... if only i could go back in time and take that other job with that other company
Senior Manager
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Joined: 03 Aug 2006
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New post 14 Feb 2007, 14:52
Right on..

I have more than 10000 options!
all priced around $9 a share..

The stock price is less than $3 :arh :no :ouch
Director
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 [#permalink]

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New post 14 Feb 2007, 16:03
Lucky you! Too bad the stock price wasn't 9 and the grants 3. :)
Senior Manager
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New post 14 Feb 2007, 16:08
Mark4124 wrote:
Lucky you! Too bad the stock price wasn't 9 and the grants 3. :)


??
basically, my 10000 options are worthless!
  [#permalink] 14 Feb 2007, 16:08
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For all those leaving positions with stock options...

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