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Facebook is aware of the rule in question. The Facebook restricted stock plan was designed so that the participants are not considered stock owners. I doubt tha
by BarkMore 16y ago
Facebook is aware of the rule in question. The Facebook restricted stock plan was designed so that the participants are not considered stock owners. I doubt that Facebook went ahead with this deal without carefully examining the issue.
- jonburs 16y agoFB asked for and received a waiver from the SEC for their restricted stock plan: http://www.businessweek.com/technology/content/nov2008/tc20081120_566312.htm http://www.businessweek.com/technology/content/nov2008/tc200... Basically since the restricted stock holders are employees that didn't directly invest money they're not being considered as counting against the 499 limit (which to me seems perfectly fair).