Rambus (RMBS): Vesting for a portion of these CSEs and...

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Re: Threejack post# 10679

Wednesday, 05/31/2006 9:37:44 AM

Wednesday, May 31, 2006 9:37:44 AM

Vesting for a portion of these CSEs and options granted in fiscal 1999 was contingent on an increase in the price of Rambus Common Stock to greater than $50 per share for 30 consecutive days. This target was achieved by the end of the second quarter of fiscal 2000, and resulted in a $171.1 million employee stock-related compensation charge taken in the same quarter.

What kind of metric is that for determination of vesting? Distasteful.

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