Any time in the next 3 years if the share price reaches $1:
Chairman = 1.5M opts @ 73c = 1.5M x 27c = $405,000 in the money.
MD = 1.5M opts @ 73c = $1.5 x 27c = 405,000 in the money.
Each Non-exec dir = 0.5M @ 73c = 0.5M x 27c = $270,000 in the money.
& of course we will be hoping the SP is @ $1 a bit b4 3yrs !! If you think it will be higher than this in 3yrs then do your own calculations based on your estimate.
This is a no risk at no cost incentive with no built in performance criteria save for the SP going up which maybe due to other factors besides good performance from the opt holders. Good work if you can get it & certainly not isolated to UNX.
I guess the likes of me will just have to continue getting paid for what I do then risking my money on the likes of UNX to make a profit. Although IMO UNX isn't much of a risk now, just a matter of time.
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