He bought five thousand shares in one block, and sold none.
He had bought these shares to hold; he did not intend to sell one.
On the third afternoon, Aynesworth met on the stairs a young broker, whom he had come across once or twice during his earlier dealings in the shares.
And we thought that some fool of an Englishman was burning his fingers with those shares.
Quite apart from my own share
in the matter, it makes me positively sick to see a fellow like you mixed up with such a crew in such a game.
In a typical VPF, a taxpayer agrees to sell to a counterparty (usually an investment bank) a variable number of shares
on a fixed future date in exchange for an upfront cash payment.
When taxpayers compute and report these gains or losses, the IRS allows a choice of four alternative methods for determining the basis of the shares
sold, each of which may affect the amount and character of the gain or loss recognized.
Finally, Part V discusses the potential additional benefit of providing in the option plan for the use of previously acquired shares
of employer stock to pay the exercise price under an ISO, and explores other means of facilitating the exercise of ISOs by employees.
Before, all ESOP shares
were considered to be outstanding.
Both EDs focused solely on determining the number of shares
in the EPS denominator.