Just thinking out loud!
It seems to me that on one hand we want management to own more shares albeit "buy on the open market", but we seem to be considerably opposed to the 500,000 shares being available in options in any one year. With what they know about Waves' prospects, buying on the open market now could and probably would raise a bunch of red flags, and the last thing we need is another bunch of lawsuits and a SEC Investigation!
Could you imagine the uproar if after all these years Waves' management decided to buy hundreds of thousands of shares right before we get a PR about Gov't wide adoption of TPMs!!
How about a week after they buy a bunch of shares we get the Seagate/Dell/Wave announcemnet!
Just what we need, another round of lawsuits and another SEC investigation!
I'd rather let them recieve options at this point! Either way they pay the same, they just pay at a different time, they are priced at the time they are granted!
"such price shall not be less than one hundred percent
(100%) of the fair market value of the Shares subject
to such option, as determined in good faith by the
Board of Directors or the Committee, as the case may
be, at the date the option is granted."
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