aut presentation, page-11

Thanks for calling TXN, cowboy72. At least we know they still remember there is a sale in progress. (Sorry, am I getting cynical?)

As for the strike price, most clauses actually refer to $1.05. The 70 cents is the price TXN execs would pay for the options, but the share price must be above $1.05 for a couple of weeks before the options could be exercised. There is one clause (ownership change) where the $1.05 goal is excluded.