MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
1 - "to exercise all your Options using the Cashless Exercise facility and sell to xxxxxx all Myfirm shares so acquired"
or
2 - "if you do not wish to exercise any of your Options and want them to lapse on completion of the purchase by xxxxx of the entire issued share capital of Myfirm"
given that I don't want them to lapse - I think I should go for number 1?
Guessing this is from a save-as-you-earn scheme ?
Option 1
Which should then give you further options...
To sell.... via the company providing the scheme
To Hold.... via that same company
or
To move the stock to your preferred share account/stockbroker
Its not save as you earn - our company has been bought out
Dunno then
I'm no expert but lapse generally means they'll disappear. If these are options that have been given to you by your company (for good performance etc), most tend to have a date they expire by.
I would go option 1 but you should have a stock admin or hr dept who can advise you better than teh interwebz