Exhibit (a)8
Microvision
Stock Option Exchange
Worksheet
This worksheet is provided for your convenience. It is not a recommendation to participate in the exchange or to exclude other considerations or calculations in determing whether or how to participate.
| Original Grant Price Range |
Exchange Ratio** |
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|---|---|---|---|---|
| |
CEO, Pres, CFO |
All Other EE's |
||
| >$40.00 | 0.25 | 0.25 | ||
| $30.01 - $40.00 | 0.47 | 0.60 | ||
| $20.01 - $30.00 | 0.65 | 0.70 | ||
| $15.01 - $20.00 | 0.75 | 0.80 | ||
| $10.01 - $15.00 | 1.00 | 1.00 | ||
| Primary Criteria for Eligibility |
||
|---|---|---|
| * | Generally, only existing grants priced at >$10.00 are eligible for exchange | |
| * | Does not include shares from the 10/24/01 "special on-going grant" @ $15.00 | |
| * | Any existing options granted after 5/01/02 must be surrendered in full to participate in the exchange offer | |
| * | New grant shares will be whole numbers; no fractional shares | |
| * | Employees must be employed on the new grant date to receive new grant | |
| * | Target grant date for new options is June 11, 2003 or shortly thereafter | |
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Figuring number of eligible options and vesting
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OR |
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AND |
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| Grant Number |
Orig. Vest Date |
# Elig Shares |
X (Times) Exchange Ratio (above) |
= # New Shares |
# New Shares Vest at Grant—Exempt (2/3) |
# New Shares Vest 6 mos After Grant—Nonexempt (2/3) |
Shares Vest on Orig. Vest Date (2/3) |
Shares Vest One Year After Grant (1/6) |
Shares Vest Two Years After Grant (1/6) |
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This worksheet may be printed and used hardcopy, or used electronically.
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