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Re: Bigdogs post# 290

Friday, 11/04/2005 11:09:59 AM

Friday, November 04, 2005 11:09:59 AM

Post# of 5730
read through the S-8 and it looks as if they cannot sell the shares for 6 months. Here is what I read

Option Period . The Stock Option period (the “Term”) shall commence on the date of grant of the Stock Option and shall be 10 years or such shorter period as is determined by the Committee. Each Stock Option shall provide that it is exercisable over its term in such periodic installments as the Committee may determine, subject to the provisions of Paragraph 2.4.1. Section 16(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) exempts persons normally subject to the reporting requirements of Section 16(a) of the Exchange Act (the “Section 16 Reporting Persons”) pursuant to a qualified employee stock option plan from the normal requirement of not selling until at least six months and one day from the date the Stock Option is granted.


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