Date:   Thu, 06 Apr 2006
From:   Horace

Mr. Gray,

I was laid off from a high tech company in December 2002. I never exercised options granted during 2000 and 2002. Can I still exercise them, or were they cancelled?

Thanks in advance,
Horace

Answer

Date:   Wed, 14 Jun 2006

Hello Horace,

You need to talk to the people at the company responsible for administering the employee stock option plans. Most options lapse shortly after leaving an employer, but some don’t. Also, look at the option agreement paperwork you received when the options were granted. You should find the answer in the agreement.

Good luck!

Mike Gray

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