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Enron Mail |
-----Original Message----- From: Poursharif, Chris [mailto:chris.poursharif@ubspainewebber.com] Sent: Thursday, November 15, 2001 12:31 PM To: Harrison, Tyrell; enronstock@painewebber.com Cc: Trieglaff, Patricia S.; Grunsfeld, Kurt Subject: RE: Stock Options after merger Tyrell, The following is the information that we have been provided thus far regarding your questions below. If the merger between Enron and Dynegy closes, all terms and provisions of the option awards before the close are preserved through and after the close except: (1) number of options in Dynegy will be number of Enron options before the merger times the merger ration of .2685 (2) the strike price for Dynegy options will be the strike price of Enron options before the merger divided by the merger ration of .2685 The proposed transaction is considered an "approved" change in control for purposes of the Enron Corp. stock plans. I hope this helps with some of the questions. If you have further questions that I have not answered I would refer you back to Enron for clarification. Regards, Chris Poursharif Client Service Associate Corporate Employee Financial Services UBS PaineWebber (713) 654-0367 (Direct) (713) 427-7509 (Fax) 1-800-553-3119 (Toll Free) chris.poursharif@ubspw.com -----Original Message----- From: Harrison, Tyrell [mailto:Tyrell.Harrison@enron.com] Sent: Thursday, November 15, 2001 11:48 AM To: enronstock@painewebber.com Subject: Stock Options after merger What happens to the Enron options after the merger? Are all options vested upon completion of the merger? What happens to the number of options and the strike price, given the ratio of 1 share of ENA = .2685 share of DYN? Thanks in advance for your help. Tyrell Harrison Enron North America (303) 575-6478 ********************************************************************** This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you. ********************************************************************** ****************************************************** Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your UBSPaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by UBSPaineWebber and UBSPaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: UBSPaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees.
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