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  • tex7779 tex7779 Sep 8, 2003 11:16 AM Flag

    500,000 share giveaway

    Look at the Form 4. The 500,000 share option award, that he got in April of this year has a strike price of $ 15.00 / share.

    I don't know about you, but I would be really pleased if Kanders exercised this option anytime soon, or at least within a year. I hope he makes plenty of money on exercising this strike price of 15 option.

    Tex

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    • It's restricted stock, not an option. It has no strike price. It is currently worth $2.5mm.

      It automatically vests if CLRS trades at $15, or under a variety of other conditions, one of which will inevitably be satisfied.

      Anybody have any idea why Kanders was given these shares in addition to annual salary, annual bonus, annual option grant, and the special option grant he received when he signed his contract?