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View Full Version : Stock options


golfandfly
08-20-2018, 05:06 PM
Anyone have a contact for the company dealing with stock options that were granted to pilots? PM would be fine. Thank you!


GuppyPuppy
08-21-2018, 06:48 AM
Anyone have a contact for the company dealing with stock options that were granted to pilots? PM would be fine. Thank you!

They've all expired. I believe that practice ended on 2007.

Gup

PS: Mine were worth a big, fat goose egg.

Blue Dude
08-21-2018, 11:06 AM
If you ever had any, then they would have expired by now. Many were never in the money after vesting and were never exercised.


crash312
08-21-2018, 02:13 PM
It was UBS and then transitioned to Fidelity towards the end.

golfandfly
08-21-2018, 03:08 PM
So any issued in 2003 would be worthless?

Bluedriver
08-21-2018, 03:16 PM
So any issued in 2003 would be worthless?

For pilots or the ELT?!?

golfandfly
08-21-2018, 03:43 PM
For pilots or the ELT?!?

Pilots......

GuppyPuppy
08-21-2018, 03:53 PM
Pilots......

All the options granted to new-hire pilots had a 10-year expiration. If the options weren't exercised within 10 years from date of issuance then they are worthless.

A good chunk of our pilots hired after the IPO and prior to mid 2006 (approximately) had their strike price above what the stock was selling at for 10 years. Take a look at the historical stock price of JBLU. The only way stock options were worth anything is if the stock price was above the strike price.

Since the program was terminated around 2007, no pilot has any options left. They either exercised their options (option price lower than actual stock price), or didn't exercise them because the stock price never went above their strike, or option price.

Gup

Bluedriver
08-21-2018, 04:04 PM
Pilots......

Well, there's your problem... Should have been ELT.



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