I am working in a new office today with a fellow from the office I hadnât worked with before this week. He is a coder and I am telling him some things I want and he is doing them on the spot. We are talking about a few things and he tells me he had worked for Microsoft from 81 â 86. I am blown away but he tells me he was a 1099 employee. Later we are talking about stocks and I tell him itâs a shame he wasnât an employee of Microsoft and got stock options. He then tells me that in 86 he got 30000 or 3000 options but the strike price is something like $40 and he canât exercise them till he is 65. He also says he saw the stock was up to $100 once but its not worth the $40 a share now. It is obvious he dosnt know anything about stocks or options. Well here is my question as I donât know about options either but will ask, If stock splits does the value of your options split as well? I think a share in 1986 is worth 350 shares today. I havenât ever done options.
Options are adjusted for stock splits so your friend should check with the company what the current terms of his options are.