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Wallace James H

Disclosed activity across 1 company

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122759
SEC CIK
0001398852

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Reported relationships

Latest disclosed role at each company.

CompanyLast reported asReport datePublished
GENTEX CORPGNTX · Entity 3954DirectorOctober 31, 2022November 01, 2022

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

GENTEX CORP

Report date October 31, 2022 · Filed November 01, 2022

Security / awardOwnership accountDisclosed shares / unitsDisclosure context
Common StockSEC Table I · non-derivativeDirect28,709 Ending reported balance After 2022-10-31 transaction · row 3
3 source rows · reconciled sequence

Row 1 · 2022-10-31 · Sale · Disposed 14,000 · Balance 14,709

F1: This transaction was executed in multiple trades at prices ranging from $25.89 to $26.135. The price reported above reflects the weighted average price.

Row 2 · 2022-10-31 · Exercise / conversion · Acquired 7,000 · Balance 21,709

Row 3 · 2022-10-31 · Exercise / conversion · Acquired 7,000 · Balance 28,709

Non-Employee Director Stock Option GrantSEC Table II · derivative / convertible security · Conversion / exercise price $24.21 · Expires 2028-05-17Direct0 Reported balance After 2022-10-31 transaction · row 4 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 4 · 2022-10-31 · Exercise / conversion · Disposed 7,000 · Balance 0

Non-Employee Director Stock Option GrantSEC Table II · derivative / convertible security · Conversion / exercise price $18.70 · Expires 2027-05-18Direct0 Reported balance After 2022-10-31 transaction · row 5 Instrument identity requires review; Table II rows are not merged.
1 source row

Row 5 · 2022-10-31 · Exercise / conversion · Disposed 7,000 · Balance 0

Filing footnotes · ownership attribution and instrument terms

F1: This transaction was executed in multiple trades at prices ranging from $25.89 to $26.135. The price reported above reflects the weighted average price.

Transaction history

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateCompanyActivity / securityShares / unitsReported priceReported valueDetails
October 31, 2022 Filed Nov 1, 2022 15:35 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionNon-Employee Director Stock Option Grant · Derivative 7,000 $0.00 Strike: $18.70 $0.00
Disclosure

SEC source: 0001562180-22-007394 · primarydocument.xml · derivative · entry 5

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 7,000 shares

Expires 2027-05-18

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 31, 2022 Filed Nov 1, 2022 15:35 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionNon-Employee Director Stock Option Grant · Derivative 7,000 $0.00 Strike: $24.21 $0.00
Disclosure

SEC source: 0001562180-22-007394 · primarydocument.xml · derivative · entry 4

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 7,000 shares

Expires 2028-05-17

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 31, 2022 Filed Nov 1, 2022 15:35 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 7,000 $24.21 $169,470.00
Disclosure

SEC source: 0001562180-22-007394 · primarydocument.xml · nonDerivative · entry 3

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,709

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 31, 2022 Filed Nov 1, 2022 15:35 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 7,000 $18.70 $130,900.00
Disclosure

SEC source: 0001562180-22-007394 · primarydocument.xml · nonDerivative · entry 2

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,709

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 31, 2022 Filed Nov 1, 2022 15:35 UTC GENTEX CORP GNTX · Entity 3954 SaleCommon Stock 14,000 $26.04 $364,547.40
Disclosure

SEC source: 0001562180-22-007394 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,709

F1 · price: This transaction was executed in multiple trades at prices ranging from $25.89 to $26.135. The price reported above reflects the weighted average price.

Read SEC document
November 03, 2021 Filed Nov 3, 2021 20:42 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionNon-Employee Director Stock Option Grant · Derivative 7,000 $0.00 Strike: $15.74 $0.00
Disclosure

SEC source: 0001562180-21-006799 · primarydocument.xml · derivative · entry 3

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 7,000 shares

Expires 2026-05-19

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
November 03, 2021 Filed Nov 3, 2021 20:42 UTC GENTEX CORP GNTX · Entity 3954 SaleCommon Stock 7,000 $36.23 $253,642.90
Disclosure

SEC source: 0001562180-21-006799 · primarydocument.xml · nonDerivative · entry 2

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,709

F1 · price: This transaction was executed in multiple trades at prices ranging from $36.15 to $36.30. The price reported above reflects the weighted average price.

Read SEC document
November 03, 2021 Filed Nov 3, 2021 20:42 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 7,000 $15.74 $110,180.00
Disclosure

SEC source: 0001562180-21-006799 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,709

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 29, 2021 Filed Oct 29, 2021 19:56 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionNon-Employee Director Stock Option Grant · Derivative 7,000 $0.00 Strike: $17.46 $0.00
Disclosure

SEC source: 0001562180-21-006693 · primarydocument.xml · derivative · entry 3

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 7,000 shares

Expires 2025-05-21

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 29, 2021 Filed Oct 29, 2021 19:56 UTC GENTEX CORP GNTX · Entity 3954 SaleCommon Stock 7,000 $35.19 $246,297.80
Disclosure

SEC source: 0001562180-21-006693 · primarydocument.xml · nonDerivative · entry 2

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,709

F1 · price: This transaction was executed in multiple trades at prices ranging from $35.09 to $35.23. The price reported above reflects the weighted average price.

Read SEC document
October 29, 2021 Filed Oct 29, 2021 19:56 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 7,000 $17.46 $122,220.00
Disclosure

SEC source: 0001562180-21-006693 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,709

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
May 20, 2021 Filed May 24, 2021 20:16 UTC GENTEX CORP GNTX · Entity 3954 GrantCommon Stock 2,845 $0.00 $0.00
Disclosure

SEC source: 0001562180-21-003702 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,709

F1 · shares: These shares vest 100% one year from grant award date.

Read SEC document
February 01, 2021 Filed Feb 4, 2021 18:02 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionEmployee Stock Option (Right to buy) · Derivative 7,000 $0.00 Strike: $14.30 $0.00
Disclosure

SEC source: 0001562180-21-000898 · primarydocument.xml · derivative · entry 3

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 7,000 shares

Expires 2024-05-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 01, 2021 Filed Feb 4, 2021 18:02 UTC GENTEX CORP GNTX · Entity 3954 SaleCommon Stock 7,000 $33.90 $237,286.70
Disclosure

SEC source: 0001562180-21-000898 · primarydocument.xml · nonDerivative · entry 2

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,864

F1 · price: This transaction was executed in multiple trades at prices ranging from $33.82 to $33.94. The price reported above reflects the weighted average sale price.

Read SEC document
February 01, 2021 Filed Feb 4, 2021 18:02 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 7,000 $14.30 $100,100.00
Disclosure

SEC source: 0001562180-21-000898 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,864

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
November 02, 2020 Filed Nov 4, 2020 15:41 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionEmployee Stock Option (Right to buy) · Derivative 7,000 $0.00 Strike: $14.30 $0.00
Disclosure

SEC source: 0001562180-20-006538 · primarydocument.xml · derivative · entry 3

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,000

Underlying: Common Stock · 7,000 shares

Expires 2024-05-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
November 02, 2020 Filed Nov 4, 2020 15:41 UTC GENTEX CORP GNTX · Entity 3954 SaleCommon Stock 7,000 $28.06 $196,389.20
Disclosure

SEC source: 0001562180-20-006538 · primarydocument.xml · nonDerivative · entry 2

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,864

F1 · price: This transaction was executed in multiple trades at prices ranging from $28.04 to $28.08. The price reported above reflects the weighted average sale price.

Read SEC document
November 02, 2020 Filed Nov 4, 2020 15:41 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 7,000 $14.30 $100,100.00
Disclosure

SEC source: 0001562180-20-006538 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,864

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
May 21, 2020 Filed May 26, 2020 20:22 UTC GENTEX CORP GNTX · Entity 3954 GrantCommon Stock 4,061 $0.00 $0.00
Disclosure

SEC source: 0001562180-20-003904 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,864

F1 · shares: These shares vest 100% one year from grant award date.

Read SEC document
February 03, 2020 Filed Feb 4, 2020 22:29 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionNon-Employee Director Stock Option Grant · Derivative 12,000 $0.00 Strike: $12.37 $0.00
Disclosure

SEC source: 0001562180-20-000850 · primarydocument.xml · derivative · entry 3

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 12,000 shares

Expires 2023-05-16

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_date: Options are fully vested.

Read SEC document
February 03, 2020 Filed Feb 4, 2020 22:29 UTC GENTEX CORP GNTX · Entity 3954 SaleCommon Stock 12,000 $30.06 $360,680.40
Disclosure

SEC source: 0001562180-20-000850 · primarydocument.xml · nonDerivative · entry 2

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,803

F1 · price: This transaction was executed in multiple trades at prices ranging from $30.0469 to $30.075. The price reported above reflects the weighted average price.

Read SEC document
February 03, 2020 Filed Feb 4, 2020 22:29 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 12,000 $12.37 $148,380.00
Disclosure

SEC source: 0001562180-20-000850 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 33,803

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
May 16, 2019 Filed May 20, 2019 11:45 UTC GENTEX CORP GNTX · Entity 3954 GrantCommon Stock 4,403 $0.00 $0.00
Disclosure

SEC source: 0001562180-19-002982 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,803

F1 · shares: These shares vest 100% one year from grant award date.

Read SEC document
January 31, 2019 Filed Feb 1, 2019 21:40 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionNon-employee Director Stock Option (Right to buy) · Derivative 12,000 $11.20 Strike: $11.20 $134,340.00
Disclosure

SEC source: 0001562180-19-000654 · primarydocument.xml · derivative · entry 5

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 12,000 shares

Expires 2022-05-17

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
January 31, 2019 Filed Feb 1, 2019 21:40 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionNon-employee Director Stock Option (Right to buy) · Derivative 12,000 $15.86 Strike: $15.86 $190,260.00
Disclosure

SEC source: 0001562180-19-000654 · primarydocument.xml · derivative · entry 4

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 12,000 shares

Expires 2021-05-12

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
January 31, 2019 Filed Feb 1, 2019 21:40 UTC GENTEX CORP GNTX · Entity 3954 SaleCommon Stock 24,000 $21.40 $513,506.40
Disclosure

SEC source: 0001562180-19-000654 · primarydocument.xml · nonDerivative · entry 3

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,400

F1 · price: This transaction was executed in multiple trades at prices ranging from $21.375 to $21.435. The price reported above reflects the weighted average price.

Read SEC document
January 31, 2019 Filed Feb 1, 2019 21:40 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 12,000 $15.86 $190,260.00
Disclosure

SEC source: 0001562180-19-000654 · primarydocument.xml · nonDerivative · entry 2

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,400

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
January 31, 2019 Filed Feb 1, 2019 21:40 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 12,000 $11.20 $134,340.00
Disclosure

SEC source: 0001562180-19-000654 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,400

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
May 17, 2018 Filed May 18, 2018 00:45 UTC GENTEX CORP GNTX · Entity 3954 GrantNon-Employee Director Stock Option Grant · Derivative 7,000 $24.21 Strike: $24.21 $169,470.00
Disclosure

SEC source: 0001562180-18-002559 · primarydocument.xml · derivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,000

Underlying: Common Stock · 7,000 shares

Expires 2028-05-17

Read SEC document
January 30, 2018 Filed Jan 31, 2018 21:47 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionEmployee Stock Option (Right to buy) · Derivative 12,000 $10.56 Strike: $10.56 $126,720.00
Disclosure

SEC source: 0001562180-18-000499 · primarydocument.xml · derivative · entry 3

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 12,000 shares

Expires 2020-05-13

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
January 30, 2018 Filed Jan 31, 2018 21:47 UTC GENTEX CORP GNTX · Entity 3954 SaleCommon Stock 12,000 $23.40 $280,776.00
Disclosure

SEC source: 0001562180-18-000499 · primarydocument.xml · nonDerivative · entry 2

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,400

F1 · price: This transaction was executed in multiple trades at prices ranging from $23.30 to $23.43. The price reported above reflects the weighted average price.

Read SEC document
January 30, 2018 Filed Jan 31, 2018 21:47 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 12,000 $10.56 $126,720.00
Disclosure

SEC source: 0001562180-18-000499 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,400

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
May 18, 2017 Filed May 22, 2017 13:00 UTC GENTEX CORP GNTX · Entity 3954 GrantNon-Employee Director Stock Option Grant · Derivative 7,000 $18.70 Strike: $18.70 $130,900.00
Disclosure

SEC source: 0001562180-17-002028 · primarydocument.xml · derivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,000

Underlying: Common Stock · 7,000 shares

Expires 2027-05-18

Read SEC document
October 25, 2016 Filed Oct 26, 2016 17:11 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionEmployee Stock Option (Right to buy) · Derivative 12,000 $9.67 Strike: $9.67 $116,040.00
Disclosure

SEC source: 0001562180-16-003279 · primarydocument.xml · derivative · entry 3

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 12,000 shares

Expires 2018-05-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
October 25, 2016 Filed Oct 26, 2016 17:11 UTC GENTEX CORP GNTX · Entity 3954 SaleCommon Stock 12,000 $16.78 $201,351.60
Disclosure

SEC source: 0001562180-16-003279 · primarydocument.xml · nonDerivative · entry 2

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,400

Read SEC document
October 25, 2016 Filed Oct 26, 2016 17:11 UTC GENTEX CORP GNTX · Entity 3954 Exercise / conversionCommon Stock 12,000 $9.67 $116,040.00
Disclosure

SEC source: 0001562180-16-003279 · primarydocument.xml · nonDerivative · entry 1

Wallace James H · CIK 0001398852 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 29,400

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.