Overview: You want to exercise an option that has been automatically cancelled by the system because the Post Termination Exercise Period (PTEP) date has passed.

Solution: Edit the option record to remove the PTEP cancellation and restore the option record to its pre-cancellation state.

Steps to Take:

1. View the option record and make a note of the following:
   1. In the Vesting Schedule section, the Participant termination date appears in the Vesting Stop Date field.
   2. In the Exercise/Cancellation section, there should be cancellation record(s) for:
      1. Unvested shares canceled on termination date (This cancellation record will not change).
      2. Vested shares canceled on PTEP date (this cancellation record will be removed).
2. To open the option record in Edit mode, click Edit (shortcut: type E on the keyboard).
3. In the Exercise/Cancellation section, select the PTEP cancellation by clicking the radio button.
4. 
5. At the bottom of that section, select Delete Row.
   1. A dialog will pop-up asking you to confirm deletion of the cancellation record.
   2. Review the dialog to make sure that you are deleting the correct row.
   3. Click OK.
6. Save the option record. In the Save dialog box, in the Notes field enter PTEP Cancellation reversed and then click OK.
7. View the Record History using the Quick Links.
8. Select each Audit Date, one at a time, and edit the Transaction Dates to match the Participant’s Termination Date.
   

The option’s history has now been reset to its previous state (prior to the PTEP cancellation). The shares can now be exercised normally using the Changes function.