- 9 - 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)Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011