Record date for loyalty options

Hello,

One of the stocks I'm in, FAS, is about to issue loyalty options. It says the record date is 8th March.. what is the earliest I can sell out and still get the options? It takes 3 days for settlement right? Am I still recognised as the owner of the shares 3 days after I sell, or am I instantly not the owner the minute I sell?

Thanks!

Re: Record Date

I'm trying to find more details on this also.
From what I've read you can sell after the ex-entitlement date, which like you said, is normally about 4 trading days before record date.
I am still trying to find definite answer.
In your case you could probably ring the company and ask.