Do non-qualified stock options need to be exercised in date order?
February 11, 2004
Subject: Non Qualified Stock Options
Date: Sat, 24 Jan 2004
From: John
Mike,
I can’t find anything that says NQSO’s need to be exercised in date order. Has that rule changed?
John
Answer
Date: Mon, 02 Feb 2004
Hello John,
No. To my knowledge, NQSOs were never required to be exercised in date order. Some plans could have provisions to that effect, which could supercede the general rule.
Good luck!
Mike Gray