Does he exercise and hold some or all of the stock or does he exercise and sell all of these very low strike calls before or after they are due to expire! These are so cheap (exercise price) that he can easily pay for them...but I would assume he wants to use a cashless exercise for some of them....we'll see the Form 4 and 8k on that, 2 days after that occurs.....insider reporting rules...
He will be an owner of shares and can be like us or he can jump out with a good profit assuming the price is good. He is totally vested now, so that can happen at any time up to July 5th.
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