Replies to post #142230 on Wave Systems Corp. (fka WAVXQ)

[keV]

UCN: You Stated...

"keV, you might take your own advice. There is nothing in the ESOP language in the DEF 14A that indicates the options would be reissued to an individual employee."

YOU might want to READ THE PROXY...

"EXHIBIT 1

AMENDED AND RESTATED
1994 EMPLOYEE{/b} STOCK OPTION PLAN
(as amended by the Board of Directors on April 12, 2007)

Shares, which may be acquired under the Plan, may be either authorized but unissued Shares or Shares of issued stock held in the Company’s treasury, or both, at the discretion of the Company. If and to the extent that options granted under the Plan expire or terminate without having been exercised, new options may be granted with respect to the Shares covered by such expired or terminated option, provided that the grant and the terms of such new options shall in all respects comply with the provisions of the Plan."