Thread: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
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Old 24-06-2008, 12:43   #10035
Dephormation
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Join Date: Apr 2008
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Services: Aquiss.net and loving it. No more Virgin Media, no more Virgin Phone, no more Virgin Mobile.
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Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]
Quote:
Originally Posted by HamsterWheel View Post
I see everyone is getting excited at 50,000 shares being reclassified.

All it will be is some shares being put in a different pot, probably so they are availalbe for option exercises for US employees.

Not everything has to be a major conspiracy you know !!!
If unrestricted shares are £16.00 (bid).

And restricted shares are £11.00.

Then converting 50,000 unrestricted shares to 50,000 restricted shares loses you 50,000 * (£16.00-£11.00) = £250,000.00

Simply to deny the recipient full unrestricted rights.

Why would you do something like that?
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