Changes to Executive Comp
| jfieb, if I have this whole thing down correctly, Quik is opening up their locked store room that has Quik stock certificate bundles on it. Quik has told each one of the aforementioned executives that only they can stop in on September 8 or later to reach up on that shelf and pull off as many stock certificates as their allotted dollar amount allows. In Brian Faith's example it would be $500,000 worth. And the amount of stock that BF could buy would be determined by the price of Quik on the open market on the purchase date (September 8 or later). I am not sure how all the laws work for insider knowledge/buying but from a market perspective I assume it would be better to buy directly from Quik's store room than to go into the market and try to buy $500,000 worth of stock and keep the price at or below where the strike price was when you began. As to the laws, could this be a safe way to load up on Quik stock while knowing important information that has yet to be disclosed publicly due to NDA's etc. |
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