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#1
11-06-2006, 07:47 PM
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Company gave us 1000 shares. If it doesn\'t reach $42 we can\'t sell.
I work for a company that gave us 1000 shares about 6 years ago. Our stock had just went through the roof. It split and was at $42. We got 1000 shares but (a big but) we can only sell it for every dollar over $42 its worth and you have to wait 7 years. It doesn't look like this is going to be a problem since it hasn't been over $42 since we got this. Its currently $36.98. Is there a point that I should sell if it does go over? If it went to $43 i could sell all my shares and get $1000 for example.
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#2
11-06-2006, 07:50 PM
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Re: Company gave us 1000 shares. If it doesn\'t reach $42 we can\'t sell.
What industry?
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#3
11-06-2006, 07:52 PM
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Re: Company gave us 1000 shares. If it doesn\'t reach $42 we can\'t sell.
Think this should go in finance and investing.
Anyway, dunno what exactly they gave you but it wasn't 1000 shares of common stock.
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#4
11-06-2006, 07:56 PM
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Re: Company gave us 1000 shares. If it doesn\'t reach $42 we can\'t sell
Looks like they gave him options with a strike price of $42. They don't seem to expire and he can't exercise them until 7 years after and the price is above 42.
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#6
11-06-2006, 08:03 PM
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Re: Company gave us 1000 shares. If it doesn\'t reach $42 we can\'t sell
[ QUOTE ]
Looks like they gave him options with a strike price of $42. They don't seem to expire and he can't exercise them until 7 years after and the price is above 42. [/ QUOTE ] Yes probably. I don't know anything about stocks and I actually forgot all about this. I just asked someone and we actually already surpassed 7 years. When we first got this I think our stock was up around $90 and it had split. Ever since then its been in the low-mid 30s.
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#8
11-06-2006, 09:37 PM
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Re: Company gave us 1000 shares. If it doesn\'t reach $42 we can\'t sell
[ QUOTE ]
poker, "Is there a point that I should sell if it does go over?" You should sell when it hits $43.82. [/ QUOTE ] I was thinking $43.60 but that sounds good too..
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#10
11-07-2006, 01:55 AM
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Re: Company gave us 1000 shares. If it doesn\'t reach $42 we can\'t sell
El D,
This is way off. The answer is $43.87 and I think if you recheck your math you'll agree with me. pokertom, These challenging calculations are very difficult to estimate. I'm impressed by how close your $43.60 guess was.
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