discount period restarts for option holders!, page-6

"(if like me you purchased the PES options more than 12months ago and exercised them you will not be able to take advantage of the discount capital gain under s115 ITAA97 as the 12 month period restarts when the options are exercised see s115-23(3) ITAA97. )"

sloeb,

That is correct. If you would have sold your options prior to converting them into full shares, (provided you held them for more than 12 months that is), than the CGT exemption provision would have applied. As you converted them into full shares, the exemption provision does not apply any longer and a new date has been set from the date of exercise.

Hence why I sold mine prior to conversion date.

Buddy