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Re: rmarchma post# 23857

Friday, 05/09/2003 6:57:52 PM

Friday, May 09, 2003 6:57:52 PM

Post# of 435767
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.









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