📄 Extracted Text (360 words)
To: Steven Sinofsky
From: Jeffrey Epstein
Sent: Thur 2/21/2013 11:15:59 AM
Subject: Re: vesting
you were willing to take 7 , don't be greedy, we arc doing a good job, i like this idea . I think
jay should put it foward today. . the dynanics change, now this is a way to get this done
immcdaily. change the timing, sieve is fed up , we can get it done quickly . it is simple, lets
agree on lanugage . ( dispargaement etc. ). stove in a good negoatiation, we should control
speed and surprise
On Wed, Feb 20, 2013 at 7:38 PM, Steven Sinofsky wrote:
here's the 15M as a vesting schedule -- your original guidance was "let's ask for their $5 plus
this 15". I think there is a good idea here in terms of just asking for this vest amount --
there's already a policy that at 55 you can accelerate all your vesting upon retirement. So in
essence the exception they make is to this policy, not any compensation amount. The SEC
form just reads "accelerate vesting of shares at market on date of agreement" (or better
November 12).
I do lose a lot if they pick a strike date of 12/31 (which is my official last date as per SEC).
The stock dropped more that $1 the day after I announced. It hit a real low on 12/31.
There's a $1.51 spread from 11/12 to 12/31. That's getting close to $1M.
The stock price has not gotten back to what it was at the close before I left. :-)
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