Friday, May 09, 2003 6:57:52 PM
You just brought out some new information that I was not aware of regarding restricted shares.
Oh no, you don't get away with this.
IDCC's restricted stock authorization is 3.5M shares. Outstanding is 900k+ shares. 2.5M+ shares are still available. You have been adding this 2.5M+ share number to a pool of options/rs/rsu/w to get a 5M+ number that you and others claim are still available for grant to support the argument that they don't need 5M more. That's misleading.
Removing this 2.5M+ restricted shares available reduces your estimate of available options/rs/rsu/w by more than half. Does that make your argument against the additional 5M options only half as relevant also?<g>
Remember that restricted stock and restricted stock units are currently considered as compensation and charged to earnings. Options are currently not.
Oh no, you don't get away with this.
IDCC's restricted stock authorization is 3.5M shares. Outstanding is 900k+ shares. 2.5M+ shares are still available. You have been adding this 2.5M+ share number to a pool of options/rs/rsu/w to get a 5M+ number that you and others claim are still available for grant to support the argument that they don't need 5M more. That's misleading.
Removing this 2.5M+ restricted shares available reduces your estimate of available options/rs/rsu/w by more than half. Does that make your argument against the additional 5M options only half as relevant also?<g>
Remember that restricted stock and restricted stock units are currently considered as compensation and charged to earnings. Options are currently not.
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