Ducati Sporting Club UK > General > Idle Chat > Does this seem right

[Ray]

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]

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

[Fordie]

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

[Redruth]

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]

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]

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]

What Oz said ... he's my accountant

[beancounter]

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