RespireRx Pharmaceuticals Inc (RSPI)

[gfp927z]

Here are the stock options for key Cortex management (see below). These figures are as of last year and are approximate, not reflecting the most recent activity, but show the bulk of the outstanding options. Note the large number of options in the $2-3 range, so in selling the company, Cortex management would have to get a sales price in the $4-5 range or better to give these significant value -



Stoll ~ 610,000 at 0.71-.78
- 300,000 at 1.30
~ (addl 1.4 mil at 2.35-2.95)

Coleman ~ 160,000 at 0.71-.80
- 125,000 at 1.30
~ (addl 500,000 at 2.11-3.02)

Varney - 250,000 at 1.30
- (addl 750,000 at 2.95)