Keith D. Hilen - Page 14

                                       - 14 -                                         
          of InsWeb common stock subject to a substantial risk of                     
          forfeiture.  Petitioner’s shares of stock were not forfeited but            
          were sold to pay Comerica when he filed for bankruptcy.                     
               In consequence of the foregoing, we hold petitioner received           
          gross income from the exercise of his nonstatutory stock options            
          in 1999.                                                                    
               In reaching our holdings herein, we have considered all                
          arguments made, and to the extent not mentioned above, we                   
          conclude that they are moot, irrelevant, or without merit.                  
               To reflect the foregoing,                                              

                                                      An appropriate order            
                                              and decision will be entered.           

Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  

Last modified: May 25, 2011