4 ms·
Was this is US-based company? The way I understand ISOs in the US, they must be exercised within 3 months of leaving the company ("The option may be granted onl
by drusenko 15y ago
Was this is US-based company? The way I understand ISOs in the US, they must be exercised within 3 months of leaving the company ("The option may be granted only to an employee [..], who must exercise the option while he/she is an employee or no later than three (3) months after termination of employment" -- http://en.wikipedia.org/wiki/Incentive_stock_option http://en.wikipedia.org/wiki/Incentive_stock_option).
If so, perhaps you got lucky :)
- tptacek 15y agoYes; you pay money to exercise the options and receive restricted stock. That's the thing I opted not to do, because friends of mine who did so at another large VC-funded success story got ripped off.
- drusenko 15y agoRight, I was confused about "those options paid out when the company was later acquired". Sounds like you didn't exercise the options and then didn't participate in the sale later.
- tptacek 15y agoYep.
- lawnchair_larry 15y agoThat does not sound like a success story.