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Sunrise Senior Living Inc. Message Board

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  • puregamble5 puregamble5 Dec 9, 2008 11:27 AM Flag

    Looks like it close over 3.21 today

    It will go to 10 and it is hard to say when but it looks like it is going to happen as more good news hit the wires.
    Also, remember....Mr. Ordan's stock option price is $0.92

    "Under the employment agreement, Mr. Ordan will receive an annual base salary of $650,000 per year and will be eligible for an annual bonus under the Corporation's annual incentive plan in a target amount equal to 150 percent of his annual base salary (although the actual annual bonus paid to Mr. Ordan may range from 0 to 300 percent of his annual base salary), subject to the achievement of applicable performance goals. For the Corporation's 2008 fiscal year, however, Mr. Ordan will receive an annual bonus of not less than $500,000, which amount was paid on November 14, 2008.

    Pursuant to the employment agreement, on November 13, 2008, Mr. Ordan was granted a promotion award of 1,500,000 stock options under the Corporation's 2008 Omnibus Incentive Plan. The options have a term of 10 years and an exercise price per share equal to the closing price per share of the Corporation's common stock on November 13, 2008. "

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