October 15, 2003
Microsoft Files Tender Offer Documents
Another day of hectic travel, so I borrow liberally from Mike O’Sullivan’s blog to inform you that Microsoft has filed tender offer documents divulging the details of its novel stock option transfer program, which is designed to permit its employees to sell their underwater options to J.P. Morgan.
There are a number of tender offer documents – but the main document appears to be the “Notice to Eligible Employees of Stock Option Transfer Program.”
As I am at the NASPP conference with a horde of experts on the topic, I will endeavor to get you insights into this arrangement tommorrow.