John has now been at Intel for over 10 years, and today is the 10-year expiration date on the stock options from his hire date back in 1999. With Intel stock closing at $12.08 today, this large chunk of stock options is now worthless and expires at more than $21/share underwater. At their peak, these were worth over $100,000 on paper before they were fully vested, and should have been worth $500k-$1M today given the late 90's growth projections. Easy come, easy go.
Monday, February 23, 2009
Stock options expire
John has now been at Intel for over 10 years, and today is the 10-year expiration date on the stock options from his hire date back in 1999. With Intel stock closing at $12.08 today, this large chunk of stock options is now worthless and expires at more than $21/share underwater. At their peak, these were worth over $100,000 on paper before they were fully vested, and should have been worth $500k-$1M today given the late 90's growth projections. Easy come, easy go.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment