This includes the following local companies:
• Endurance Speciality Holdings Ltd.
• Marsh & McLennan
• Montpelier Re
• PartnerRe Ltd.
Under this service you can chose one of the following types of
• Exercise and sell all the acquired shares at market price
• Exercise and sell a portion of the acquired shares at the market price
• Exercise and hold all the acquired shares (exercise costs must be on deposit in your account or available through margin)
To exercise your options BIAS requires that you open or have an existing open margin account through our US agent, Pershing LLC. For a list of forms and PDF versions please click here.
Upon receipt of the documents BIAS will liaise with Pershing to confirm the options, payment and share delivery instructions with your employer. After the vested options are confirmed BIAS will sell the number of shares you have instructed. Pershing will then debit your account for the amount of the total option costs and will forward them onto your employer. Upon receipt of the option costs your employer will deliver the shares acquired through the exercise to your account. At this point your exercise will be settled and you will either have access to the sale proceeds or ownership of the shares acquired, depending on the exercise method you chose.
|To download BIAS Employee Stock Option Forms in PDF format, click here|