Hi Clubman,
After your reply yesterday, i re-checked the situation and it is slightly different...we received as part of our contract a certain amount of share options, I have not vested any of these options to date. Our company is now getting taken over and as part of the merger all our options are automatically vested and we receive cash for our share options (we receive the difference between what our shares were worth at the time of the contract and what they are being sold for as part of the merger). There is a rumour that because our shares are being vested for us (we have no say in them being vested) instead of us vesting them ourselves that we will only have to pay 20% tax instead of 42%, Is this true?
thanks in advance for any advice...