As the optionee, she exercised her right to buy the shares before the contract expired.

The optionor agreed to sell the underlying stock at the strike price if the buyer exercised the option.

The company invited the optionees to a meeting to discuss the terms of their stock options.

The optionors agreed to extend the deadline for exercising the stock options, giving employees more time to decide.

After the deadline passed, the offer became optionless and non-negotiable.