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Re: Magnum7419 post# 153483

Wednesday, 01/13/2016 9:19:10 AM

Wednesday, January 13, 2016 9:19:10 AM

Post# of 290030
The form 4's were for stock OPTIONS, not outright shares. That means that each quarter they have the option to buy 1/12 of the total shares in the option for the strike price. These are not outright gifts. They will have to either pay for them each quarter or sell the option back to the company if there is a profitable difference between the strike price and the then current price per share. They could also let the option lapse if the then current pps is less than the strike price.