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identified by grant, exercise date, numbers of MGC shares
acquired, total exercise price, and total fair market value (FMV)
of the MGC shares acquired as of each exercise date:
Table 3
Grant Exercise date Shares acquired Exercise price FMV
1 1/11/00 324,000 $179,982 $10,773,000
2 1/11/00 18,000 96,000 598,500
3 1/11/00 45,000 240,000 1,496,250
4 1/11/00 5,000 20,300 166,250
4 3/9/00 5,000 20,300 237,050
5 3/9/00 22,500 91,350 1,066,725
1 3/29/00 108,000 59,994 4,733,640
Petitioner subsequently disposed of a number of the MGC
shares he had acquired upon the exercise of his ISOs (as
described in Table 3 above). In particular, on May 4, 2000,
petitioner transferred 2,250 shares of MGC stock by way of a
gift. In addition, petitioner sold a number of MGC shares during
2000 and 2001, as set forth in the following table:
Table 4
Gain or loss
(Difference between
exercise price and
Grant Sale date Shares sold Sale proceeds sales proceeds)
1 9/29/00 175,000 $1,480,729 $1,383,517
1 12/8/00 50,000 209,991 182,216
1 12/20/00 42,000 140,121 116,790
1 12/20/00 13,000 43,371 36,149
1 12/21/00 41,750 151,486 128,294
2 12/21/00 9,750 35,377 (16,623)
2 12/21/00 8,250 29,934 (14,066)
3 12/21/00 10,250 37,191 (17,475)
3 12/28/00 6,000 28,947 (3,053)
3 12/29/00 19,000 82,196 (93,037)
3 3/13/01 5,000 19,122 (7,544)
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Last modified: May 25, 2011