Spinning Opsware options into gold, one last time…
As Opsware (ticker:OPSW) at last succumbs to the loving embrace of Hewlett-Packard (ticker:HPQ), its executives are getting one last parting gift for their part in the $1.6 billion merger.
On Wednesday, Opsware filed a series of form 4s detailing the amount of cash HP was giving to each executive for the vested but unexercised portion of their stock options. Last week, we posted about the cash windfall each Opsware executive was getting for their stock, including founder Marc Andreessen, who bagged $98 million.
But those figures didn’t cover the vested but unexercised portion of the options. HP canceled those and handed out B.W.O.C. (big wads of cash) to compensate execs for their troubles.
Andreessen, one of the founders, is the big winner (no surprise) with another $19.2 million.
The other lottery winners include:
- Benjamin Horowitz, president and CEO, $15.6 million.
- David Conte, chief financial officer, $4.3 million.
- Michael Ovitz, director and Hollywood bigshot, $2.3 million.
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