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Thread: Employee Stock Options - Brokers

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Permlink Replies: 4 - Pages: 1 - Last Post: Nov 5, 2009 10:48 AM Last Post By: broke2 Threads: [ Previous | Next ]
twoods

Posts: 63
Registered: 11/21/09
Employee Stock Options - Brokers
Posted: Oct 31, 2009 11:24 AM 		 
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Hi guys,

I wanted to find out who here has used brokers to exercise employee stock options. Could you share what institution you used and maybe contact info and also what you paid per option.

I would think a reasonable rate would be between 3 and 6 cents per optoin.

thanks
optsyeagle

Posts: 792
Registered: 11/21/09
Re: Employee Stock Options - Brokers
Posted: Nov 1, 2009 3:40 PM   in response to: twoods in response to: twoods 		 
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Employee options are almost always exercised through the issuing company, not through brokers. Brokers only deal with exchange traded options.
twoods

Posts: 63
Registered: 11/21/09
Re: Employee Stock Options - Brokers
Posted: Nov 3, 2009 11:07 PM   in response to: optsyeagle in response to: optsyeagle 		 
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You have the option to pay the company directly to exercise the options but then you have market risk while you wait a few days to receive the share certificate.

Through a broker you can basically have a cashless exercise where they short sell the stock once they confirm with the Company that you have the options and they replace the sale with the shares once the certs are recieved.
optsyeagle

Posts: 792
Registered: 11/21/09
Re: Employee Stock Options - Brokers
Posted: Nov 4, 2009 12:51 PM   in response to: twoods in response to: twoods 		 
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I can't see many brokerages wanting to get involved in employee compensation, but good luck.
broke2

Posts: 45
Registered: 11/21/09
Re: Employee Stock Options - Brokers
Posted: Nov 5, 2009 10:48 AM   in response to: optsyeagle in response to: optsyeagle 		 
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I used TD full service broker to excercise company options years ago. I can not recall how expensive it was to do it. I think it was probably $100-$200? I had no idea how to do it myself so it was worth it to me. It was one of the few stocks I made money on. :-)
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