Halliburton Hits Record High, How Much Are Cheney 's Stock Options Worth?

[Stephanie]

I can't figure out these financials - how much are these options worth? And can he make anything from the IPO?



http://www.thecarpetbaggerreport.com/archives/5506.html

According to the Vice President's Federal Financial Disclosure forms, he holds the following Halliburton stock options:

* 100,000 shares at $54.5000 (vested), expire 12-03-07
* 33,333 shares at $28.1250 (vested), expire 12-02-08
* 300,000 shares at $39.5000 (vested), expire 12-02-09

http://www.marketwatch.com/news/story.asp?guid=%7B62712335%2DD4C8%2D4884%2D856C%2DCB88C59D89C1%7D&dist=rss&siteid=mktw

Halliburton high after quarter, KBR IPO
By August Cole, MarketWatch
Last Update: 1:01 PM ET Jan. 27, 2006
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SAN FRANCISCO (MarketWatch) -- Halliburton Co. stock hit an all-time high Friday after the company reported more than $1 billion in fourth-quarter net income and said that it plans to soon file for an IPO of its KBR unit.

***
The Houston-based company's net earnings totaled $1.102 billion, or $2.08 a share. The company said that $540 million, or $1.02 a share, of that profit was related to a lower, deferred tax-asset valuation allowance related to its asbestos and silica settlement.

***

Billings for work in Iraq brought in $1.3 billion in revenue during the quarter, with $42 million in operating income, the company aid.

http://lautenberg.senate.gov/~lautenberg/press/2003/01/2005915804.html

Deferred salary paid by Halliburton to Vice President Cheney in 2001: $205,298 Deferred salary paid by Halliburton to Vice President Cheney in 2002: $162,392 Deferred salary paid by Halliburton to Vice President Cheney in 2003: $178,437 Deferred salary paid by Halliburton to Vice President Cheney in 2004: $194,852

Halliburton's 2005 profit: 'Best in our 86-year history'
By LYNN J. COOK
Copyright 2006 Houston Chronicle

After three years of losing money, Halliburton reported a hefty profit for 2005 and announced that all six of its divisions posted record results.

"The year 2005 was the best in our 86-year history," Dave Lesar, Halliburton's chairman, said Thursday.

The company posted a year-end profit of $2.4 billion, or $4.54 per share, on revenue of $21 billion. That compares with a $1 billion loss in 2004 when Halliburton finally settled scores of asbestos and silica lawsuits.

For the fourth quarter, Halliburton booked a profit of $1.1 billion on revenue of $5.8 billion.

Lesar attributed the fourth-quarter comeback primarily to the Energy Services Group, which has been able to charge more for its business. The group now has an operating margin of 24 percent, up 2 percent from the third quarter.

http://www.chron.com/disp/story.mpl/business/3616046.html

[fooj]

1. I hope that the rat bastards rot in hell.

Peace.

[Double T]

2. Hasn't the bush administration created a new cabinet position......

Secretary of Halliburton? All government operations, orders and projects will be given to Halliburton ( NO BID of course) where they will in turn subcontract or procure the material, then sell it to the government with their profit or mark-up. If it was any more blatant, it might be illegal!!!!

[bmcatt]

3. Assuming he just flipped the shares

(don't remember the exact term, but basically, assuming he exercised the options and then immediately sold the shares)... I'm also assuming that the price would be down a little and he could sell *everything* at $78.00/share.

The options he's showing as vested are worth a total (market at $78.00) of $15,562,483.38. Yes, that's right, a mere measly $15.5 million.

Rat bastard... would like to convert 'em all to individual paper shares and make him eat them.

[Stephanie]

5. What about the IPO?

If he exercises the options and then holds them until after the IPO can he make more?

[truebrit71]

6. More than likely he will be entitled to IPO stock...

..yup, Mo' Money! Mo' Money!

[truebrit71]

15. It's called a cashless excercise....

eom

[truebrit71]

4. Approximately $15 million....

Halliburton curently trading at 78.85

1) $2,435,000.00 net profit assuming no stock splits
2) $1,690,816.00 net profit assuming no stock splits
3) $11,805,000.00 net profit assuming no stock splits

Not including his "deferred" salary, which, by the way is the biggest fucking joke of all....Why in the world is he STILL being paid whilst in office. I thought Pretzeldent Bunnypants was going to avoid even the appearance of impropriety....

Hmmm, the V.P. is still on the payroll of the company that received the biggest contracts, WITHOUT ANY COMPETING BIDS WHATSOEVER, in a war started by his younger 'boss' and this doesn't appear at a minimum to be "inappropriate"....???

Bunch of fucking crooks, they whole filthy rats nest....

[Stephanie]

7. I wonder what they were worth in 2000?

Can we check that?

[phaseolus]

9. looks like $40-50

http://finance.yahoo.com/q/bc?s=HAL&t=my&l=on&z=l&q=l&c=

[Stephanie]

11. So how much has the value of his stock options increased in that time?

Sorry I need help figuring this out.

[truebrit71]

10. Between Jan and Dec of 2000 it traded between...

..a high of $53-ish and a low of $35-ish..

[Stephanie]

12. So he has options on 433,333 shares.

What was the value of those shares in 2000 vs. now? Sorry to be a pest - I don't know how to figure it out. I'm wondering exactly what his profit is to date, assuming he excercised his options today.

[phaseolus]

13. rough estimate

I'm not an expert, but I think it's like this --

* 100,000 shares at $54.5000 (vested), expire 12-03-07
($78.91 - 54.50)x100,000 = $2.441 million

* 33,333 shares at $28.1250 (vested), expire 12-02-08
(78.91 - 28.125) x 33,333 = $1.693 mil

* 300,000 shares at $39.5000 (vested), expire 12-02-09
(78.91 - 39.5) x 300,000 = $11.8 mil

...for a total of $15,956,816.41. Exact value depending on the price of the stock when the options are exercised.

[Stephanie]

16. but say he flipped his shares on 1/31/2001 vs 1/31/2006

How much more would he make?

[phaseolus]

17. Less.

http://en.wikipedia.org/wiki/Employee_stock_option

From what that article tells me it would have depended on the price of the stock on 1/31/2001, and how many of the options were vested on that date. It's kind of hard to read the graph but in early 2001 the stock was tanking. He could have made some profit by exercising the lowest priced option as long as the stock's price was higher than $28.125. If the stock price is below the option, the options are worthless until the stock price goes back up.

[truebrit71]

14. Okay...the average price for ALL of his options is $42.08/sh

Take it from there....

Some he would have made money and some he would have lost.

[sproutster]

8. Personally it is my opinion

Anyone who holds that stock is a traitor and a sleazebag.

They steal money and feed the troops shit - literally.