
The document also shows that he holds options on 60,819 shares. Much of that is worthless right now, as it appears the exercise price -- the amount he'd pay if he exercised his right to buy the shares -- is $23.83 on all but 9,400 shares, as I read the filing. That's a price well above the stock's closing price of $14.11 on Friday. Unless and until shares trade well into the range of $30 and up, Mayer is unlikely to take advantage of any of these options, it appears. Still, he has until as long as February 2019 to exercise some of these options, the filing shows.
Mayer was promoted to publisher and head of the Times Co.'s New England Media Group in October.
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