You will then own 200,000 options (prro). You can hold them until the expiry date in 2017.
To sell the options, you place a sell order exactly as you would for ordinary shares.
To convert them to ordinary shares, you need to pay 20 cents per option $40,000.
If you do nothing at all, they expire worthless but you have nothing further to pay.
vwap for spp, page-18
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