It's Raining Stock Options in Lindon (Groklaw)

[Posted January 26, 2006 by cook]

Groklaw covers a stock option deal at SCO. "It's raining stock options on that happy band in Lindon. On January 23, SCO granted executives Darl McBride, Chris Sontag, Ryan Tibbits, Sandy Gupta, Tim Negris, Jeff Hunsaker, and Bert Young a combined total of 400,000 stock options at $3.78. Gupta got as many as Darl, 80,000, but he has to wait a year for them to be exercisable, as do all the rest, except for McBride. His options appear to be immediately exercisable. Oh, they all fully vest immediately "upon the occurrence of certain specified events.""

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Posted Jan 27, 2006 13:37 UTC (Fri) by Soruk (guest, #2722) [Link]

From the article, SCO have filed an update which amends Darl McBride's options to 2007, along with the rest of them. So he'll need to wait too.