There's no doubt it isn't bad news. But I agree with the general sentiment that converting would be a foregone conclusion and especially with the large number they have just converted it'd be much easier to convert and sell the heads on market than sell the options (if that's what they wanted to do).
What is good is that a significant portion of yesterdays 3b would have been related to the directors exercising, which makes me think there won't be any of that "selling pressure" the doomsayers have been suggesting will happen. Remember, this is only 2 directors, so expect more to come (anyone have a top 20 for the options?)
XPE General Topics, page-3131
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