Rambus (RMBS)

[treowth]

<Wonder why he is not taking delivery of vested RUs?? First time I've ever seen anything like this.>

I believe that Restricted Stock Units are the stock options under the new plan and vesting triggers a tax event. Under the old plan Mr. Danforth could vest his options without triggering a tax event and was not required to exercise until just before expiration years later.

I believe that Mr. Danforth is sensitive to shareholder concerns about options, etc. I believe he has had a trading plan in place since late '04.