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He got a discount exercise price.
All the options carried an exercise price of $18.
The exercise price in these stock-option grants was set at $2.42.
But all are based on the same exercise price of $18.87 per share".
At one-third of their exercise price, his 1999 options were worth less than $400,000.
Sports Direct would not reveal the exercise price or when the option would expire.
The profit figures are the net of the exercise price of the options.
A widely used approximation of the formula simply takes one-third of the exercise price.
It will also buy back options for 20percentt of the exercise price.
Additionally, he was granted 476,000 stock options at an exercise price of $45.92 a share.
Should the share price rise above the exercise price, the liability kicks in again.
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