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fansy
 
Reply Sat 4 Apr, 2009 06:32 pm
Quote:
CEO James Kilts, for one, stands to make an estimated $123 million from selling his firm to P&G, based on last week’s stock prices and options that will vest when the ink on the deal dries.


Can we parse the above sentence this way:
"last week's stock prices" and "Options that will vest when the ink on the deal dries"

Then how do we understand "options that will vest when the ink on the deal dries"?
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Type: Question • Score: 0 • Views: 784 • Replies: 3
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DrewDad
 
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Reply Sat 4 Apr, 2009 08:41 pm
At the point when the deal is signed, he has the right to exercise his options.
fansy
 
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Reply Sun 5 Apr, 2009 03:58 am
@DrewDad,
So you agreed to my way of parsing the sentence? But what may be his options?
DrewDad
 
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Reply Sun 5 Apr, 2009 09:13 am
@fansy,
I assume that "options" is short for "stock options". He has the option to purchase stocks in the new company at a reduced price.
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