Amarin Corp Plc (AMRN)

[Bannanon]

No. Options are taxed as ordinary income (market price - strike price is considered the income) when exercised as short term capital gain. Exercising at a lower price and holding for more than a year if you expect material appreciation in value, would result in a lower tax because the gain from the exercise date would be treated as a long term capital gain and taxed at a significantly lower rate, especially for someone in thero's tax bracket. Waiting to excercise until it appreciates would result in the entire gain being treated as a short term gain (all of it would be taxed as ordinary income at the same rate as his salary).

And for those perfectionists, this is meant as a layman's description and should not be construed as tax advice or a reference to the irs tax code definitions.

He doesn't want more taxes, he wants more income.