Upon options exercise, the ordinary income is subject to a 52% tax rate for Federal and California. Almost every executive sells upon exercise. If a portion of the exercise price is used to pay for the option (cashless exercise), it is always sold. We will see further sales from exercise and that is pretty normal. These guys do not have huge salaries.
Explanation of Responses:
( 1) Represents the disposition of shares to pay withholding taxes upon vesting of 1,250 restricted stock units, resulting in the cancellation of 467 shares in satisfaction of such withholding obligation.
( 2) Comprised of 3,130 shares of common stock and 53,978 shares of common stock subject to restricted stock units held by the reporting person.