This Stock Option Agreement (Shareholder to Optionee - Short Form) is between a shareholder (also known as the optionor) and an individual or company who desires to purchase certain shares of corporate stock from the optionor. This agreement sets out the number of shares to be optioned, price per share and total purchase price for all optioned shares. It also sets forth the timeframe for the option and how the shares will be transferred. A written Stock Option Agreement from a Shareholder to Optionee will prove invaluable in the event there are disagreements or misunderstandings surrounding the ownership of the shares.

This Stock Option Agreement (Shareholder to Optionee) includes the following:

• Stock Information: Sets forth the name of the optionor (shareholder) and the optionee who desires to option a number of shares of stock, number of shares owned by shareholder and the number to be optioned;
• Purchase Price: Sets forth the price per share and total purchase price for all optioned shares;
• Option Period/Transfer: Sets out the specific option period and how the shares will be transferred to the optionee;
• Assignment: This agreement cannot be assigned to another individual or entity;
• Signatures: Both parties must sign this agreement in the presence of witnesses.

Protect yourself and your rights by using our attorney-prepared forms.

This attorney-prepared packet contains:

1. General Instructions
2. Request for Recommendation to an Academic Program

State Law Compliance: This form complies with the laws of all states