Explains why a stock option I once held would be distributed in March. My only problem was that I was required excersize that option the preceding Oct. I didn’t...and lost a bundle. The stocks I held at that time (2000) were worth about $50,000. Today, what with sales, mergers etc, that has become a couple of hundred. I keep them for one reason only, to remind myself to
STAY THE HELL OUT OF THE MARKET.
I’ts not a game for everyone.
I understand. I left my job in March one year. I timed it so I got my bonus and my previous years options went through their vesting. So, I cashed out thinking I was so smart.
Two weeks later the bank was bought. The premium was about 25%. But ALL options were immediately vested, even the ones just issued. It pains me to think about what those two weeks cost me. Ha ha.