Liquidmetal Technologies Inc (LQMT)

[Eicheljager]

Tony held the following as of the most recent 10K:

Common Stock = 3,503,111
Vested Stock Options = 2,361,899
Unvested Stock Options = 2,735,801
Total = 8,600,811

In August, when he left from his CFO position, the company accelerated 247,650 shares from those not vested. The rest went away.

On 11/16, he sold 3,417,861 shares of common stock, leaving him with 85,250 shares of common stock, and 2,889,749 options that are vested. That makes his total today 2,974,999 vested options and shares.

Sounds to me like he wanted cash available to buy his remaining options before the expiration date of 8/16/2018, as well as a little walking around money. He might have made the big purchase in 2016 with the hope of getting a big enough appreciation in a year to buy out his remaining options while keeping his principle. It didn't work that way in the end, but it is a theory.

Hauck too has quite a few options remaining, though not yet vested. In the end, both will be worth north of $15 million if we hit $5.

If I haven't made a mistake, Tony has until 8/16 to exercise his remaining options and buy the shares. When he does, it will be interesting if he flips the options and sells, or if he holds onto the shares.