RE: AMT tax article: fwd from another list

From: Mark Day (
Date: Fri Apr 13 2001 - 13:40:46 PDT

> My amazement with this article is that somebody as recently as March 2000
> had 100K shares of Cisco at between 5 and 10 CENTS each. And
> they describe
> this guy as an "engineer". WTF? Did he join way early and never ever
> cash out earlier? 100K options in a mature company like Cisco sounds
> like exec level compensation to me!

Most likely an early hire of a Cisco acquisition. Options in the acquired
company turn into Cisco options, with some complications about the number of
options and the price of those options being determined by the exchange
ratio between the shares of the acquired company and the Cisco shares.


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