Antares Pharma, Inc. (ATRS)

[jab91252]

Considering those two options:

Management has two choices when they exercise their options. #1. Those options can be converted into shares. #2. They can convert those options into shares & immediately sell them.

#1 contemplates the recipient holding the shares until another time and then convert into shares and sell. Q: So when do they sell having intimate knowledge of the inner workings of the company? Right before or after some significant event they have intimate knowledge of? Risk the SEC crawling up their colons with a magnifying glass?

Point is, if they are executing against their strategic plan and building value for the company, they will have the ability to exercise additional incentive shares options after the fact.