Tough to call, but I would think he'd want to stay under the radar and that would certainly mean no selling within 6 months, as well as, more importantly, to get preferential tax treatment by waiting the year after exercising. The one thing that gets really confusing is the number of equity plans they superseded. I think the "2015 Equity Plan" was the NSO Plan because they couldn't get the ISO Plan approved. I make that a point because there is also a 2 year vesting period besides the 1 year exercise period for an ISO Plan. If you recall, there is staggered monthly vesting of 20% per year and I think the latest Plan was 2014 or maybe there was another in 2015 that was ISO's.
This might help make it clearer for an understanding-
FWIW, I still think Chung and Steipp are expecting dollars in no longer than a year to 14 months, with a sustained price and volume. It's also why I think Chung bought in the open market and paid more than his vested options prices, because he doesn't want to wait the year. If he doesn't wait the year, he gets hit with the adverse tax effects of disqualifying dispositions. He would still have short term gains, but the money he invested was already taxed. He bought big dollars worth, for him, of stock on the open market. Bottom line, Chung is greedy and wants his big payout, for buying $260K worth of stock and Steipp gave up his job - and REDUCED his severance term by a year - because I think he's expecting that payout in no more than a year. You know these guys. They're like anyone - they spend a year's salary or give up their job only when they know they're secure.
Fact is, anyone that would manufacture CE for Apple is going to need rights to those patents. Eon now obviously has those rights. We all know what Apple did to GTAT's stock price, but sapphire is more limited in use, GTAT's CEO was not wealthy, and he was also shady as hell dumping out with knowledge the deal was falling apart, but not made public it was falling apart.
There are a lot of reasons to think Lugee can get this done, particularly since he will benefit much more by having manufacturing revenue go through LQMT. He's certainly not hiding from anyone as he made the decision to lead the call and the Eon Q&A seems totally legit. In fact, when I saw the deal closed, I bought more stock that morning on that info before the news hit in the U.S. It actually dropped back a bit after I bought it, but my point is he appears to be upfront and aggressive, which is great for everyone.
FWIW, I'd worry less about Steipp and appreciate more of what riding Lugee's coattails will do.
News 
Market Data 
Discover 
