I was granted an employee stock option about two years ago. Almost half of it has vested.
The company I am with is doing very well. Every month a little more of my option vests. I have not exercised the option yet.
I believe the company will do very well in the future and want to exercise the vested shares and exercise the newly vested shares each month as they vest.
Is this possible or is a stock option only allowed to be exercised once?
The reason I want to exercise as soon as I can is to start the clock on long term capital gains and avoid paying AMT tax as the FMV of our shares increases.
The only thing I can find in my contract that seems relevant to this is a passage that says, "You may exercise the vested portion of your option during its term by delivering a Notice of Exercise to the company..."
It would be ideal if I could exercise my option as many times as I wanted but would like to be sure before diving in and potentially forfeiting the unvested shares.