RE: I'm not sure of the price now26 May 2020 21:27
Hi Sirius, thank you.
It’s not that I would have preferred to be top of the market, but let’s say you get ‘given’ 2 million options, you hold until they beat, probably in chunks over a period of years. One day the SP jumps, and you want to buy a house, my first exercise netted me £300k which at just 10% tax is more like earning £600k. You think to yourself, I can buy a house with that, not, ooh I wonder what the SP will be tomorrow. So you speak with your mate, the CFO and ask them to approach the broker to find a buyer/buyers which they do, a price is agreed and then it takes a while to fill. In my case the SP went up by 200% in the following weeks, did I care? No! I had 300k in the bank, cash and another £2 million worth of options by then.