Does this seem right

Ray · 19-Oct-2006, 16:02

Quote:

Originally Posted by dickieducati

none what so ever all adds up perfectly according to your figs. i would check the exercise price was 38 and you were not quoted a 'mid price' and also check their exchange rate, but cant see how it would be out that much.

Ditto,

I'd want talking through the brokers calcs with the numbers, someone somewhere has had a breakfast, dinner and tea out of the deal,

Theres some hidden charges, finger trouble or somemat similar somewhere in the chain.

Ray,

yeti · 19-Oct-2006, 17:03

Make sure the bank has not added a "negotiation" fee, some of them will and then deny it!

Fordie · 19-Oct-2006, 17:22

More than likely you paid some sort of "income" tax or lost out in the exchange/tax rate ? 4D

Redruth · 19-Oct-2006, 18:02

I don't know anything about share option schemes really but thinking out loud, did you own the shares outright or were they still being held in a fund by your company? If you did get the share allocation at a preferential rate in the first place that was dependant upon you holding them for a fixed period (eg 5 years), you may have lost that discount by cashing them in early. i.e. you have now forfeited that discount and effectively had to pay the market rate prevailing at the time that they were allocated to you. So your profit of $20 per share is reduced because you hadn't qualified for the initial discount by cashing them in early.

Other than that, I can't come up with any reason for the missing £500.

How's your cold today, Jools? Have you got a headache now?

chicken · 19-Oct-2006, 18:14

Looks like a screw up to me.

The only think I could think it might be is if the broker account requires a minimum balance to be held (eg $1,000 which would correspond to about £500).

Either way, a call to the broker should sort it out.

Ozz · 19-Oct-2006, 18:27

Depends if you paid tax when they were granted to you really. If not then they would probably be deducting 22% tax on the entire proceeds.....

....see if that would work out to the missing £500

Although re-reading your post appears they are only passing the profit to you....

Henners · 19-Oct-2006, 19:41

What Oz said ... he's my accountant

beancounter · 20-Oct-2006, 09:40

Jools, I did exactly what you did a few years ago (US company an' all) and I got the full proceeds (i.e. profit), actually I didn't even get tax deducted, I had to account for that to the Revenue later.

Sounds like a screw up to me.

BC

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode
Postbit Selector
		Use Vertical Postbit

19-Oct-2006, 17:03	#2
yeti Registered Forum User BSB Star Posts: 5,207 Join Date: Jul 2001 Location: In the wilderness Mood: All that is necessary for the triumph of evil is that good men do nothing Make sure the bank has not added a "negotiation" fee, some of them will and then deny it! Reply

19-Oct-2006, 17:22	#3
Fordie Regional Organiser - BHCN Ducati Corse Posts: 3,276 Join Date: Aug 2001 Location: Dunstable Beds Mood: Raring to Ride More than likely you paid some sort of "income" tax or lost out in the exchange/tax rate ? 4D Reply

19-Oct-2006, 18:14	#5
chicken Registered Forum User Big Twin Posts: 1,670 Join Date: Dec 2003 Location: Brick Lane Curry House Mood: suck, squeeze, bang,......fart? Looks like a screw up to me. The only think I could think it might be is if the broker account requires a minimum balance to be held (eg $1,000 which would correspond to about £500). Either way, a call to the broker should sort it out. Reply

19-Oct-2006, 19:41	#7
Henners Registered Forum User Ducati Corse Posts: 3,338 Join Date: May 2002 What Oz said ... he's my accountant Reply

20-Oct-2006, 09:40	#8
beancounter Registered Forum User Big Twin Posts: 1,513 Join Date: Mar 2004 Location: South Beds Mood: Black and grey (and a bit of red) Jools, I did exactly what you did a few years ago (US company an' all) and I got the full proceeds (i.e. profit), actually I didn't even get tax deducted, I had to account for that to the Revenue later. Sounds like a screw up to me. BC Reply