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Click ‘Get Form’ to open the exercising option purchase document in the editor.
Begin by filling in the Lessor's name and address at the top of the form. This ensures that your notice is directed correctly.
In the section regarding the Lease Agreement date, enter the date of your original agreement. This provides context for your exercise of the option.
Next, specify the address of the premises you intend to purchase. Make sure this matches what is stated in your Lease Agreement.
Indicate the purchase price as outlined in your Lease Agreement or Option Agreement. This is crucial for clarity on financial terms.
If a down payment is required, enter that amount in the designated field and ensure you attach any necessary documentation.
Finally, sign and date the document at the bottom. Print your name clearly to finalize your notice.

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What happens if you exercise an option?

While exercising your stock options could pay off in the long run, its not a guaranteed way to make money. You should consult a tax advisor before exercising, and ask yourself: Can you? Remember: Unless your company allows early exercising, you can only exercise options that have vested.

Is it ever worth it to exercise an option?

Exercising your options For example, if you bought to open call options, you would exercise the same call options by contacting your brokerage company and giving your instructions to exercise the call options (to buy the underlying stock at the strike price).

What does it mean to exercise an option to purchase?

Understanding Exercise If the owner of an option decides to buy or sell the underlying instrumentinstead of allowing the contract to expire worthless or closing out the positionthey will be exercising the option, or making use of the right or privilege that is available in the contract.

What is an exercise option to purchase?

The buyer commits financially upfront by paying the option fee when using the Option to Purchase. If the purchaser chooses not to move forward, they lose the option fee, but no further obligations arise. If the buyer exercises the option, both parties are legally bound to complete the sale.

How to exercise an option to purchase?

Remember: When its time to exercise your stock options, youll not only pay the exercise cost (in your case, 15000 shares x 0.16 cents each), but you may also owe taxes on the difference between your strike price and the companys 409A valuation.