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Thanks for information - I wasn't aware this applied to non-insiders or ex-employees too for derivatives that expire after the lock-up. I guess no amount of fi

by nemo44x 12y ago

Thanks for information - I wasn't aware this applied to non-insiders or ex-employees too for derivatives that expire after the lock-up. I guess no amount of financial engineering can unscrew the little guy. :) BTW, love your company and use it often, thank you!

timr 12y ago
This was my experience, as well: my lock-up contract explicitly forbade trading in any company security, derivative, etc. I don't know how they'd enforce this, however. Seems like you'd have to have a big mouth, and they'd have to be willing to fire you for it.
- prostoalex 12y ago
  They don't enforce it pre-emptively, but can hit you with a case many years after if the amounts involved are worthwhile of investigator's attention.
  - timr 12y ago
    Unless the lockup restriction is part of your state's laws (it isn't in California, AFAIK), it's not a matter for an "investigator" -- it's a private contract between yourself and your company. It does vary state by state, though, so I suppose it's possible that some states have laws that prevent you from trading in derivatives during a lockup period.