Pyramid

Pyramid. Shall mean the method of paying the Exercise Price in a number of successive steps using Stock received upon the exercise of other Stock options. The optionee begins by paying the exercise price of an option to purchase a small number of shares of Stock in cash or Stock. Upon receipt of the option Stock, the optionee delivers those same shares of Stock back to USU to pay the exercise price of additional options. This process continues with Stock received upon... exercise being delivered back to USU in successive steps until all options desired to be exercised have been exercised. View More