NATH just filed an S-8 Friday afternoon. It looks like management is filing to be able to sell almost half a million shares. Can anyone give a bit more detail about what exactly the filing represents?
I saw this too, and to be honest had a tough time understanding it. There have been about a half million stock options outstanding for many years, and I always added these to the total basic share count feeling they would eventually be exercised with the company doing so well. I also took into consideration that a sizeable chunk of cash, about 6 milion bucks would be received based on the avg. exercise price. I don't think it should be counted on that these shares will be bought back at current mkt price...e.g the typical diluted share computation for all stocks is #$%$. IMHO. My interpretation of the filing is that it is a summary of the existing outstanding options, along with the addition of 250k more options to incentive plans that may be granted in the future. Would appreciate hearing someone else confirm or correct my this.