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  1. imromo24 is offline
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    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524
    07-01-2009, 04:06 PM #81
    Was the 120mil shares mel got purchased on fridays big volume day?


    Does that mean mel just got $60mil at todays price, which if we hope this goes to $1 means he makes 120mil and so on?

    What does this make for mels total shares, and what is his cost basis now?

  2. jonpluc@aol.com is offline
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    07-01-2009, 04:08 PM #82
    I was right it capped at .48 and people took their profits on the difference.

  3. bassmaster is offline
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    07-01-2009, 04:10 PM #83
    Quote Originally Posted by imromo24 View Post
    Was the 120mil shares mel got purchased on fridays big volume day?


    Does that mean mel just got $60mil at todays price, which if we hope this goes to $1 means he makes 120mil and so on?

    What does this make for mels total shares, and what is his cost basis now?
    he didnt get shares , he got options that execute in lots over time . and the execution price is .43

  4. bassmaster is offline
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    07-01-2009, 04:15 PM #84
    car sales fail to break 10mm.. sales at 9.69 million units

  5. john is offline
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    07-01-2009, 04:21 PM #85
    Quote Originally Posted by jonpluc@aol.com View Post
    I was right it capped at .48 and people took their profits on the difference.


    The funny thing is I was not even temped to sell some at .47 this time. I will wait til it hits .52. I have a gut feeling it gos higher.

  6. imromo24 is offline
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    07-01-2009, 05:22 PM #86
    Quote Originally Posted by bassmaster View Post
    he didnt get shares , he got options that execute in lots over time . and the execution price is .43
    i have never been able to understand what that means, can you break it down some scenario...like if it hits $1 what does Mel get?

  7. bassmaster is offline
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    07-01-2009, 05:29 PM #87
    Quote Originally Posted by imromo24 View Post
    i have never been able to understand what that means, can you break it down some scenario...like if it hits $1 what does Mel get?
    starting january 31, 2010 - he can exercise a lot(not sure of the exact amount) of options. so lets say the price is $1.00 , he can buy stock from SIRI directly at $.43.. that will make an unrealized profit of $.57 for each share..

    read tylers article on the news page, may help clarify.

  8. trippingthespeculatingpos is offline
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    Joined: Dec 2008 Location: San Antonio Posts: 2,884
    07-01-2009, 05:35 PM #88
    yeah tyler is absolutely right, alot in this for mel if he can grow shareholder value from here.

    "Karmazin’s base salary will be heading north to the tune of $1,500,000. While it is a lot of money, it is not the level of pay that many big time CEO’s are accustomed to. The options represent the huge payday for Mel, and now that those options have a chance of becoming very valuable, all shareholders can rest a bit easier knowing that the CEO has a lot at stake in increasing shareholder value. Even shareholders who have previously felt that Karmazin was not on their side need to now acknowledge that the structure of the new deal has potential to be very shareholder friendly."

  9. m4svt is offline
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    Joined: Sep 2007 Posts: 151
    07-01-2009, 05:37 PM #89
    i'm glad mel is on board for the next few years... this gives us one less thing to worry and wonder about. and i was wondering how he was going to make money with his cost average, this clears that up, lol.

  10. Hopeful is offline
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    Joined: Nov 2008 Location: Vancouver Island Canada Posts: 583
    07-01-2009, 05:43 PM #90
    If the RS is put into place, does he still maintain 120 million share options at .43? I would think not, but who knows?

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