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Dear Option Holder:
Congratulations on your recent stock option.
The enclosed election, which is necessary to provide
for capital gain treatment upon ultimate stock sale by
you, should be signed by you (and your spouse where
applicable) and returned to Dan R. Hendrickson, at IMED
before September 30, 1979.
The original will be filed with the Internal Revenue
Service and a copy retained in the files of IMED. The
second copy enclosed is for your records.
You have no income to report at this time, as the
election is protective only.
Very truly yours,
[signed]
Dan R. Hendrickson
Treasurer
Sometime in March 1980, Henry exercised a portion of the
1979 options to the extent that he acquired 4,000 shares of IMED
common stock at $13 per share. The 1979 options still conferred
on Henry the right to purchase the remaining 25,250 shares. On
October 16, 1980, Henry sold the 4,000 shares of IMED common
stock for $190,000.
In December 1980, John Stine (Stine) replaced Rutledge as
the Arthur Young tax principal performing corporate tax work for
IMED. Stine's main contact at IMED was Hendrickson. Stine also
talked with Monaghan on occasion. As tax principal for Arthur
Young, Stine did not consult with Henry on tax matters.
On May 29, 1981, IMED and IMED International Corp.
(International), a Cayman Islands, British West Indies,
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Last modified: May 25, 2011