Ann: Appendix 3Y - Guido Arnout, page-91

Pretty much was going to post the same thing.

One thing I have learnt from GA over the years is he doesn't appear to have lots of money and he is definitely conservative.

Nonetheless, he has exercised $384k worth of options, has to pay approx $365k tax (federal approx. $274k and state approx $91k)

A total consideration of $749k and he sold $972k wroth of shares.

So he has taken $223k approx. in profits. And has increased his holdings to 8m shares.

Many people need money for lots of different things, and I obviously have no idea of any of his other circumstances or tax positions etc. so converting imminently expiring options and taking a relatively small amount for himself doesn't ring any alarm bells for me at all.

Obviously everyone welcome to their own interpretation.