More companies are handing out stock options to a broader group of employees. There are three main ways to exercise options. You may pay cash; you may swap employer stock you already own; or you may borrow money while simultaneously selling enough shares to cover your costs. BB&T Scott & Stringfellow has a unique plan for you to exercise your options without a cash outlay on your part. We call it Cashless Stock Options.
Procedures for Exercising Stock Options
BB&T Scott & Stringfellow’s stock option program offers you the ability to exercise your options without liquidating other assets to pay the exercise price.
The following steps outline what is required to exercise your options.