Stock options

Reply Subscribe

Thread Tools

Search this Thread

08-20-2018, 05:06 PM

golfandfly

Gets Weekends Off

Thread Starter

Joined APC: Jul 2009

Posts: 1,224

Stock options

Anyone have a contact for the company dealing with stock options that were granted to pilots? PM would be fine. Thank you!

08-21-2018, 06:48 AM

GuppyPuppy

Gets Weekends Off

Joined APC: Feb 2006

Position: JetRight, JetLeft

Posts: 760

Quote:

Originally Posted by golfandfly

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.

08-21-2018, 11:06 AM

Blue Dude

Gets Weekends Off

Joined APC: Aug 2005

Posts: 323

If you ever had any, then they would have expired by now. Many were never in the money after vesting and were never exercised.

08-21-2018, 02:13 PM

crash312

Line Holder

Joined APC: Jun 2015

Posts: 94

It was UBS and then transitioned to Fidelity towards the end.

08-21-2018, 03:08 PM

golfandfly

Gets Weekends Off

Thread Starter

Joined APC: Jul 2009

Posts: 1,224

So any issued in 2003 would be worthless?

08-21-2018, 03:16 PM

Bluedriver

The REAL Bluedriver

Joined APC: Sep 2011

Position: Airbus Capt

Posts: 6,880

Quote:

Originally Posted by golfandfly

So any issued in 2003 would be worthless?

For pilots or the ELT?!?

08-21-2018, 03:43 PM

golfandfly

Gets Weekends Off

Thread Starter

Joined APC: Jul 2009

Posts: 1,224

Quote:

Originally Posted by Bluedriver

For pilots or the ELT?!?

Pilots......

08-21-2018, 03:53 PM

GuppyPuppy

Gets Weekends Off

Joined APC: Feb 2006

Position: JetRight, JetLeft

Posts: 760

Quote:

Originally Posted by golfandfly

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