For information on the two main exemptions, Rule 144 and Rule 145, contact your Account Executive. Account Executives can calculate the amount of stock that may be sold under volume limitations and identify favorable market conditions for executing transactions. Once you decide to go ahead, they'll take you every step of the way - including helping you complete the required paperwork with a minimum effort. Account Executives can also work with the issuer and the issuer's attorneys to bring about a timely transaction and to ensure compliance with applicable rules. Finally, they can recommend strategies for investing the proceeds of any sale.
Many companies offer employees stock options as non-salary compensation.
They are called options because employees may choose, but are not obligated, to buy the stock. Many corporate executives own employee stock options that are exercisable at a price below the current market value of the company's stock. To realize the benefit of these employee stock options, however, sufficient funds are needed to exercise the options. Through a specially designed lending program, CIBC Oppenheimer's Executive Services Group permits most corporate executives to exercise their employee stock options without any outlay of cash. As long as the company guarantees the delivery of the shares, CIBC Oppenheimer can finance the exercise of the stock options before the shares are received - whether the options are exercised and sold or exercised and held.