> Okay, so here's what I know. This advice and $4 will get you a grande mocha
> frappacino at Starbucks.
Hey! This advice is worth hundreds of thousands of dollars. Don't
sell it short!
> * structure your option plans so they can be early-exercised
> * file your 83(b) elections ASAP
> * make sure you're okay to net exercise
> * deal -w- the qual / non-qual issue early
> * make sure you're okay to pool in acquisition
> * insist on shelf registration rights in acquisition
> * insist on hedge-ability in acquisition
> * don't borrow money to exercise options (so I hear...)
> * don't margin to pay taxes (if you can avoid it!)
> * if you self-hedge, BUY PUT LEAPS!
I'd put this at the very top.
> * listen to those smart IB private client guys
> * diversify early and broadly
* brokers are inbeciles who will make things up
rather than saying "I don't know" or "let me
check"; choose your broker carefully and even
then, don't trust them.
* try to arrange an acquisition where PublicCo
assumes the PrivateCo option plan,
proportionately exchanging options-for-options;
this avoids a forced-exercise before deal-close
* transfer agents are staffed by people too inept
to be brokers; never expect to get anything
on time, made out to the right name, or sent
to the right address
This archive was generated by hypermail 2b29 : Sun Apr 29 2001 - 20:25:26 PDT