As of June 1, Tom Ford, vice chairman of Gucci Group, held options exercisable for 1.6 million shares in the company. The profit he could make by buying and selling those shares can be calculated by subtracting the buy price from the sale price. Those options have exercise prices ranging from $15 to $128 per share. This was not fully explained in a story on Ford’s share options on page 4 of Wednesday’s WWD.
This story first appeared in the September 19, 2002 issue of WWD. Subscribe Today.