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Exact(22)
That value could rise substantially, of course, since those options do not have to be exercised until 2008 and 2009.
The fact that some of Mr. Cheney's stock options could not be exercised until after inauguration was first reported by The New York Times last month.
Mr. Brecht, a retired electronics engineer for Grumman and former marine, said he never exercised until after he suffered two heart attacks.
Under current law, the option contract is treated as an open transaction, and the option holder would not pay tax on the appreciation in value until the option is sold or, if exercised, until the underlying Facebook stock is sold.
The options that he said he would forfeit, worth $3.9 million at the current price of Halliburton stock, cannot be exercised until well after the new administration takes office.
The calls can be exercised until mid -November.
Similar(33)
"Right now, he's just going to rest," Minaya said of Church, adding that the outfielder would not exercise "until the doctor feels it's appropriate".
"It was my first week on duty and we'd just finished eating, when the whole unit was told we were to exercise until someone vomited.
Patients were encouraged to exercise until symptoms were intolerable.
Subjects were encouraged to exercise until volitional fatigue in the absence of symptoms or other indications for stopping (19).
Subjects were encouraged to exercise until volitional fatigue in the absence of symptoms or other indications for stopping (22).
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