My first post-Laying it out there

[zetta]

You should be able to sell it or do with it as you please. I'd sell 3/4's of it and place it somewhere else. Luckily everything is down so transferring it from one equity to another wouldn't be that much of a hit.

The stock is privately held. It is quite likely true that he can't sell it. First, there isn't a market. Second, the company's board can put restrictions on private stock -- such as the company has the first option to buy before any transfer can be made. Also that you can't sell unless you leave the company. (In the case of divorce, often the company will pay the spouse cash for the shares awarded in the settlement.) My dad had "limited partnership" shares that were like that. I'm sure it's all been spelled out in the documents he signed when given the stock grant.

Things work differently at the upper management levels...

[formerdebtslave]

Originally Posted by Scanner

Now I'm going to lay it out there -

Horse Hockey.

Famous last words -" it was different." "They are different."

That's like a line I would have used when I was 19 to try to land a chick in the sack.

Fine, they gave you the stock.

You should be able to sell it or do with it as you please. I'd sell 3/4's of it and place it somewhere else. Luckily everything is down so transferring it from one equity to another wouldn't be that much of a hit.



Um. . .that he wants to minimize risk while maximizing gain in his portfolio?

You are saying he has to hold onto the stock for political reasons?

Horse hockey.

I don't like that at all.

Thanks for your advice. I can promise you, it's not horse hockey. I have been with the company for 14 years, and know its founder and leaders well. This company has created significant wealth for its leadership, and continues to do so.

That being said, I realize that diversifying would be less risky of course. It's not an option. I would if I could, but I can't.