dennis,
he didn't buy options.
he excercised 1 million options.
he sold 100,000 shares that he directly held and he sold 50,000 of the converted options.
he now holds 850,000 more shares than previously.
prior to the change he held 180,504 shares directly and 3 million options indirectly.
he now holds 80,504 shares directly, 950,000 shares indirectly and 2 million options indirectly.
cheers
