Do I categorize my NQSO sale as an exercise and sale?
May 14, 2004
Date: Wed, 14 Apr 2004
Michael, I had to exercise three different non-qualified stock options in June, 2003. I received the options in 1998, 1999 and 2000. I also cashed them in since it was the last day in my 90-day grace period after the break up. Do I categorize this as an exercise and sale or just a sale?
Date: Mon, 03 May 2004
If you didn’t receive any stock (including any document showing a sale of stock), you just have a sale. Otherwise, you have an exercise and sale.