GDN 0.00% 1.7¢ golden state resources limited

options are not a problem

  1. 7,520 Posts.
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    Whoever said there was 22.5m options coming to market today is completely wrong. The table below outlines the options based on closing prices. As you can see only 4.5m options come online within 12 months of 22 ay 2006 the remaining options only vest over a period of 3 years?

    Table below from Annual report...I guess that was all the negative people again trying to down ramp.



    Grant Date 22 May 2006
    Expiry Date 22 May 2009
    Term 3 Years
    Hurdle Price 30 cents 35 cents 40 cents 45 cents 50 cents
    Exercise Price 20 cents 20 cents 20 cents 20 cents 20 cents
    Expected Vesting
    Period 12 months 18 months 24 months 30 months 36 months Total
    No. of Options:
    Auctor Group Pty Ltd
    (R Sciano) 3,000,000 3,000,000 3,000,000 3,000,000 3,000,000 15,000,000
    J Hasleby 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 7,500,000
    Total 4,500,000 4,500,000 4,500,000 4,500,000 4,500,000 22,500,000
    Value at Grant Date $350,550 $300,150 $250,200 $150,300 $100,350 $1,151,550
 
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