Phil Marti wrote:
- quote -

I agree with Phil. If you exercised the options, you now
own the stock, not the options.

Has your company blocked trades on the stock you acquired by
exercising your options? Did the terms of the option
require you to hold the stock for some specified period
before selling it?

Katie in San Diego

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<james_montana[at]hotmail.com> wrote:

- quote -

Your description doesn't make sense to me. AFAIK "exercising"
an option means buying the stock at the option price. Thus
you would no longer have the options you exercised back then.

Please clarify.
--
Phil Marti
Clarksburg, MD

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I am a regular employee (ie, non-executive) at a company
that is in the process of restating earnings after it was
determined that stock options were incorrectly adjusted
(though, my options weren't adjusted). Because of this, the
company has put a hold on all options.

My problem is that I exercised some options some time ago,
and I decided to hold them. Last week I tried to sell
options that I had exercised, and my broker told me that my
company has blocked any trades on those options.

Is this legal? Has anyone experienced this before? I've
paid for these options and now I can't sell them? It
doesn't seem right and I'm thinking I should talk to a
lawyer.

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