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At the most, the warrants are expected to be worth no more than $4 to $5 a share because they would not be exercisable for five years.
All of these rights are exercisable by Apple, regardless of whether the takeover goes through.
It is impossible to determine how many of the executives' options are exercisable at current prices.
The warrants are exercisable at the public offering price three years after the offering occurs.
Aside from the bonds, there are tens of millions of stock options floating around; many are exercisable at $7 a share.
The warrants are exercisable up to 4 years from the date of closing.
At the time, Paulson also owned options to purchase an additional 680,474 shares of common stock, all of which are exercisable (meaning he could cash out at any time, exercising his right to even more money!) which earned him a total ownership in Goldman Sachs of approximately 1.02% of the outstanding shares of common stock.
It adds: "We therefore recommend that the bill be amended to introduce a reasonable suspicion requirement before the more intrusive powers under schedule 7 are exercisable.
It has also received warrants to raise that holding to 20percentt — but those warrants are exercisable only if new G.M.'s value hits $75 billion.
Dr. Waksal still owns 582,000 shares, of which 416,666 are exercisable options to buy stock at $50.01 a share, triple the current price.
The warrants to purchase additional shares will be exercisable at an exercise price of $2.50 per share and will expire five years from the closing date (expected to be 19 January).
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CEO of Professional Science Editing for Scientists @ prosciediting.com