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Merlo |
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Merlo (mĕr`lō), city (1991 pop. 390,031), Buenos Aires prov., E Argentina. An administrative, trade, and agricultural center of the Greater Buenos Aires area, it was founded in 1730 by Francisco de Merlo y Barbossa. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| On December 21, 2000, Robert Merlo purchased stock valued at $1,075,289 for $9,225 under an incentive stock option plan of his employer, Exodus Company Although the $1,066,064 difference between the fair value and the purchase price of the stock was not currently income for the regular tax, the bargain purchase element did represent AMT income in 2000, resulting in an AMT liability of $286,483. It looked like a harmless attempt, but the ball curled around Merlo and into the net for a 1-0 lead. 21, 2000, Merlo exercised ISOs to purchase 46,125 shares of Exodus common stock at 20 cents per share, for a total exercise price of $9,225. |
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