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Yellow | 2010 Stock options have been granted

metalmikex

metalmikex

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Go to www.fidelity.com and check yours out...... More than likely you will have to register to get into the site.
I was already enrolled thru another employer........ So I'm not sure what you have to do..... I just logged into my account and all the YRCW info was there as well as my other employer account from 15 years ago.....Guess they matched SS# and other info...
 
I just found the site to log into the 1st one. Im not up to date on how all this works...but Im thinking since the stocks are less than the 3.74 (the agreed price of the 1st one) that its worth nothing until it goes over 3.74???

It shows I have 256 shares @ 3.74 (2009) and 676 shares @ .48 (2010)
 
[quote author=EdgeFan57 link=topic=79280.msg822161#msg822161 date=1271457430]
I just found the site to log into the 1st one. Im not up to date on how all this works...but Im thinking since the stocks are less than the 3.74 (the agreed price of the 1st one) that its worth nothing until it goes over 3.74???
[/quote]

You are correct for the first options, The strike price was $3.74 a share so those are worthless as of now or probably forever........... The others should be there as well with a grant price of 0.48 cents a share......
 
[quote author=metalmikex link=topic=79280.msg822163#msg822163 date=1271457644]
[quote author=EdgeFan57 link=topic=79280.msg822161#msg822161 date=1271457430]
I just found the site to log into the 1st one. Im not up to date on how all this works...but Im thinking since the stocks are less than the 3.74 (the agreed price of the 1st one) that its worth nothing until it goes over 3.74???
[/quote]

You are correct for the first options, The strike price was $3.74 a share so those are worthless as of now or probably forever........... The others should be there as well with a grant price of 0.48 cents a share......
[/quote]It says its worth about $1,100 dollars on my account .I don't know if you can cash that out now,but its something.
 
[quote author=macandb link=topic=79280.msg822167#msg822167 date=1271458044]
[quote author=metalmikex link=topic=79280.msg822163#msg822163 date=1271457644]
[quote author=EdgeFan57 link=topic=79280.msg822161#msg822161 date=1271457430]
I just found the site to log into the 1st one. Im not up to date on how all this works...but Im thinking since the stocks are less than the 3.74 (the agreed price of the 1st one) that its worth nothing until it goes over 3.74???
[/quote]

You are correct for the first options, The strike price was $3.74 a share so those are worthless as of now or probably forever........... The others should be there as well with a grant price of 0.48 cents a share......
[/quote]It says its worth about $1,100 dollars on my account .I don't know if you can cash that out now,but its something.[/quote]

Yea glad I gave up my pension credit for 18 months (I mean forever) and almost $4.00 an hour for a stinking 1,239 sounds like a deal to me............
 
[quote author=macandb link=topic=79280.msg822167#msg822167 date=1271458044]
[quote author=metalmikex link=topic=79280.msg822163#msg822163 date=1271457644]
[quote author=EdgeFan57 link=topic=79280.msg822161#msg822161 date=1271457430]
I just found the site to log into the 1st one. Im not up to date on how all this works...but Im thinking since the stocks are less than the 3.74 (the agreed price of the 1st one) that its worth nothing until it goes over 3.74???
[/quote]

You are correct for the first options, The strike price was $3.74 a share so those are worthless as of now or probably forever........... The others should be there as well with a grant price of 0.48 cents a share......
[/quote]It says its worth about $1,100 dollars on my account .I don't know if you can cash that out now,but its something.
[/quote]


As long as the stock price is over 0.48 cents a share you can cash them in.....
 
Why cash them in? There is going to be a big turn-around in the business. Didn't YRC explain the deal they had set up with the country China, on April 12, 2010. Oops, I wasn't suppose say anything about that, nevermind.
 
Here's a question what happens when you click on the word Activate that's right across from the words YRCW STOCK OPTION PLAN ?
And where did you see your total stock amount ? I'm log into Fidelity/NetBenefits and all I see is a money amount . And another question I have is does it show the shares from last year separate ?
 
[quote author=R-14Driver link=topic=79280.msg822212#msg822212 date=1271467564]

Here's a question what happens when you click on the word Activate that's right across from the words YRCW STOCK OPTION PLAN ?
And where did you see your total stock amount ? I'm log into Fidelity/NetBenefits and all I see is a money amount . And another question I have is does it show the shares from last year separate ?
[/quote]

I not really sure about the activate button, Just click on it, if you don't want that option cancel it and go back to the previous page.......... It does show the old shares from the new shares and the amount they are worth.
Like the ones from 2009 with a strike price of $3.74 are worth nothing............ The new ones with a grant price of 0.48 cents a share are worth 0.16 cents a share as of today.......... Just click on some things to find the answers..... My screen doesn't have the activate button since I was already enrolled.... shows my total amount is worth 1,239
 
quote author=metalmikex link=topic=79280.msg822172#msg822172 date=1271458709]
[quote author=macandb link=topic=79280.msg822167#msg822167 date=1271458044]
[quote author=metalmikex link=topic=79280.msg822163#msg822163 date=1271457644]
[quote author=EdgeFan57 link=topic=79280.msg822161#msg822161 date=1271457430]
I just found the site to log into the 1st one. Im not up to date on how all this works...but Im thinking since the stocks are less than the 3.74 (the agreed price of the 1st one) that its worth nothing until it goes over 3.74???
[/quote]You are correct for the first options, The strike price was $3.74 a share so those are worthless as of now or probably forever........... The others should be there as well with a grant price of 0.48 cents a share......
[/quote]It says its worth about $1,100 dollars on my account .I don't know if you can cash that out now,but its something.[/quote]As long as the stock price is over 0.48 cents a share you can cash them in.....[/quote]


After reading more, I don't think you can cash them in now. Said something to this effect.
Unvested Rights- The total number of stock appreciation rights per grant that are not yet eligible for exercise.
Showed all my options as Unvested, Can't cash them in until March 1, 2011
 
[quote author=R-14Driver link=topic=79280.msg822212#msg822212 date=1271467564]

Here's a question what happens when you click on the word Activate that's right across from the words YRCW STOCK OPTION PLAN ?
And where did you see your total stock amount ? I'm log into Fidelity/NetBenefits and all I see is a money amount . And another question I have is does it show the shares from last year separate ?
[/quote]

Here's an UPDATE : After clicking on the ACTIVATE link it takes you to a new page and you have about five pages to fill out ! I can now see my shares .
 
The shares for both options HAVE NOT been given to you! You have the right to purchase that number of shares for each strike price, once that option has become vested, then sell them on the stock market presumably for higher price per share, if stock price ever gets higher.

Example 1st option strike price $3.74 and 300 shares granted = $1122.00 (purchase price) became vested 02/12/2010.
Stock market price rises to $13.74 you purchase for $1122.00 sell for $4122.00.
You have until 02/12/2019 to purchase shares for this price, sell whenever at whatever price you want after purchase.

Example 2nd option strike price $ .48 and 1000 shares granted = $480.00 (purchase price) becomes vested 03/01/2011.
Stock market price rises to $4.80 you purchase for $480.00 sell for $4800.00.
You have until 03/01/2020 to purchase these, sell whenever at whatever price you want after purchase.
 
What am I looking for at fidelity. Where do you go to find the stuff about yrcw.
If I open an account will it show up for me?
What kind of account to open?
 
You must first go to this web page and log in https://fps.fidelity.com/ftgw/Fps/Fidelity/NBPart/CreatePIN/InitNoAuth?AuthRedUrl=https://fps.fidelity.com/ftgw/Fps/Fidelity/NBPart/CreatePIN/Init All you need is the last 4 digits of your SSN ,first and last name ,date of birth after doing that it will take you to your account page . After that you will see the word "Activate" that's right across from the words YRCW STOCK OPTION PLAN you click on that and it takes you to the Fidelity web site for YRCW stock program and you have about 5 pages to review and fill out .
 
While poking around I got screwed up somehow and now my acces has been blocked for security reasons.
Great now I have to try to get someone on the phone.
Thanks anyway guys I am sure the info will help others.
 
[quote author=Drifter26 link=topic=79280.msg822355#msg822355 date=1271512542]
The shares for both options HAVE NOT been given to you! You have the right to purchase that number of shares for each strike price, once that option has become vested, then sell them on the stock market presumably for higher price per share, if stock price ever gets higher.

Example 1st option strike price $3.74 and 300 shares granted = $1122.00 (purchase price) became vested 02/12/2010.
Stock market price rises to $13.74 you purchase for $1122.00 sell for $4122.00.
You have until 02/12/2019 to purchase shares for this price, sell whenever at whatever price you want after purchase.

Example 2nd option strike price $ .48 and 1000 shares granted = $480.00 (purchase price) becomes vested 03/01/2011.
Stock market price rises to $4.80 you purchase for $480.00 sell for $4800.00.
You have until 03/01/2020 to purchase these, sell whenever at whatever price you want after purchase.
[/quote]


To me this doesn't sound correct. (but im not up to date with all of it)
My and it sounds like alot of other's assumption is that they GAVE us those shares in agreement of the pay cut that we took.
 
I didn't explain correctly my mistake.

Below is hypothetical example on how the options could provide value:

1) Strike price is set at $2 per share on August 6, 2009.

2) On June 30, 2012 YRCWstock hits a 52 week high of $10 per share.

3) You as participant elect to sell 450 shares at the $10 per share level. That would reflect the
“exercise” price.

4) You would receive the value of the exercise price ($10) less the strike price ($2) or $8 per share less
applicable taxes. You would multiply that difference by the number of shares ($8 * 450 = $3,600) to
determine your pre-tax proceeds.
 
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