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Gilat Satellite Networks Ltd. Message Board

  • smkcstr smkcstr Apr 4, 2012 3:31 PM Flag

    On stock options

    Since the crash in 2000, Gilat’s employees and directors held relatively small portion of Gilat’s stock.
    Now, this starts to change.
    According to the latest annual report: “As of December 31, 2011, our directors and executive officers as a group (21 persons) held options to purchase 3,137,175 of our ordinary shares under our stock options plans (described below), exercisable at a weighted average exercise price of $5.11 per share. Out of such options, options to purchase 175 ordinary shares expire in 2012, options to purchase 144,000 ordinary shares expire in 2013, options to purchase 605,000 ordinary shares expire in 2014, options to purchase 1,468,000 ordinary shares expire in 2015, options to purchase 10,000 ordinary expire in 2016 and options to purchase 910,000 ordinary shares expire in 2017. In addition, as of December 31, 2011, our directors and executive officers as a group held 318,563 RSUs under our stock options plans and received 366,437 ordinary shares through vested RSUs.”
    This includes (I assume) options held by Levinberg and Antebi. “Mr. Levinberg beneficially holds 1,227,500 options to purchase ordinary shares exercisable within 60 days from March 30, 2012. Mr. Antebi beneficially holds 9,000 RSUs that vest within 60 days of March 30, 2012 and 415,000 options to purchase ordinary shares exercisable within 60 days from March 30, 2012.”

    Well, it looks that now they will get interested in the share’s price. IMHO

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GILT
4.65-0.07(-1.40%)Jul 22 3:50 PMEDT

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