05-14-2013, 06:58 AM
I would like someone else to clarify, but I do not believe there are restrictions on the exercise of the options, even with knowledge of material information. It is my understanding that the restrictions would be in the sale of the stock. Typically the sale of the stock would be handled in the 10b5-1. The latest 8-K filing should list the total number of shares that can be sold in the 10b5-1. JFT is correct, it does start the clock ticking for capital gains purposes.
CF
CF