Wednesday, October 03, 2007

Rambus Inc. passing out candy

Halloween arrived early in Los Altos, California when the directors of Rambus Inc. were handed bags full of stock options - 20,000 each at $19.63 with 12.5% vesting after six months and thereafter at a rate of 1/48 each month until fully vested.

Together let's chant . . Trick or treat, smell my feet, give me something good to eat.

Abraham D. Sofaer
Thomas J. Bentley
David A. Shrigley
Bruce Dunlevie
Mike Farmwald
Kevin J. Kennedy
Penny Hersher
Sunlin Chou

Imagine the meetings they attended to discuss the backdating mess, arranging the restated financials and attempting to maintain decorum while they pondered the vision of Mrs. Hughes pressin' the keyboard with the Ramboids and bashers. Okay, they earned those options if you say so . . .

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