Employee share options scheme

archstanton_2

Hi, my company, which I have share options in, looks like it may be sold and therefore I may be able to cash them in. The company is being very secretive about the small print so I wondered if someone might have an inkling to the following:

Any idea when you can convert share options: on signing day or on completion day?

I ask because I have a job offer and taking it would mean I would have to resign from my current job in between signing date and completion date. But I don't want to miss out on the cash windfall. I realise it may be up to the individual company as the when they honour share options but was hoping someone might know what is usual in these situations??

Thanks

StephenM_2

If you are talking about SAYE share option schemes, when my part of the company I worked for was sold, we had 6 months from the date of completion to take up our options.

The number of shares we could buy was based on the value saved in the scheme at the date of completion, not the projected maturity value, although we were allowed to make another 6 months worth of contributions by cheque (not through payroll).