Option Exchange Program
Important
? Voluntary Program ? You decide whether or not to participate ? Weigh the opportunity, the trade-offs and your future expectations ? Election to Participate MUST be received by Stock Administration by:
?9:00 p.m. Pacific Time on May 17, 2002 ?NO EXCEPTIONS!
Overview
? Purpose ? Eligibility ? Program Details ? Timeline ? Examples ? Next Steps ? Q & A
What is the purpose?
? Handspring is "restarting" in the communicator business. ? Overall compensation philosophy is performance based ? Stock option portion is an important long-term component of our compensation strategy. ? We look for your commitment to build value...and we want to be sure that you have an opportunity to participate in it.
Eligibility
? Eligible Employees: ?All current Handspring employees ? Eligible Options: ?All unexercised stock options ? Required Options: ?If you elect to participate in the Option Exchange Program, any grants made within the past six months (since October 17, 2001) must also be exchanged
Program Details
? Cancel unexercised stock option grants ? Replacement Grant made at least six months and one day later with the same number of shares but a new strike price (closing price on the replacement grant date ...
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