> Grants are always subject to board approval...and employees always get the options. My sibling comment offers a counterexample [1]. > X00,000s of stock opti

> Grants are always subject to board approval...and employees always get the options. My sibling comment offers a counterexample [1]. > X00,000s of stock options is meaningless, only percentages matter. You should always ask this question. Exactly right. They weren't willing to answer this question in writing. > Similarly, they can't specify the strike price because for legal reasons the strike price is set when the options are issued. I believe it's legal to set the strike price at X percent of the stock price, which seems to be what you'd really need to try to valuate private company stock options anyway. [1] http://news.ycombinator.com/item?id=5258483 http://news.ycombinator.com/item?id=5258483