Survey Results: Loan Prohibitions & Cashless Exercises


1. For cashless exercises of stock options, due to Section 402 of Sarbanes-Oxley, we: (Total responses: n=42)
(select only one)
n=4 (9.52%) Don't allow Section 16 insiders to conduct cashless exercises at all
n=3 (7.14%) Don't allow Section 16 insiders to conduct cashless exercises through our plan's captive broker (so they have to use their own broker)
n=1 (2.38%) Don't allow executive officers to conduct cashless exercises through our plan's captive broker but do allow directors to
n=34 (80.95%) Allow Section 16 insiders to conduct cashless exercises through our plan's captive broker

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