Unlisted Options Transactions, page-48

Given these RAC options expire in 12 mths from issue, there is no CGT discount if the company is bought out while still holding these options (ie, they will never go over the 12 mth period). Therefore, the interesting thing to look out for would be if Dr T and the rest of the board fork out to convert their options once the SP is over $4.50.

On one hand you want to convert early so that the CGT clock starts. However, on the other hand you want to convert when the Head SP is the highest during that 12 month period. (In both instances you only do if over $4.50, and if you have money to convert when SP is less then $4.50 then you buy on market obviously).

These $4.50 options are the next to expire for Dr T. Followed by the $0.19 options expiring Nov 2022.

I've asked this question before, but can't remember the response or if there was one. Does anyone know if the board are allowed to convert options during a blackout period?