John Chambers is racking up the stock options.

Cisco’s chief executive officer was awarded an additional 2 million options last week, Cisco disclosed Sunday. The company says Chambers now has 39.4 million options, 17.7 million already vested.

The new share options were set at $18.51 a share.

Cisco (Nasdaq: CSCO) closed Monday at $17.93, up 4 cents.
The company discloses its most recent quarterly results on Aug. 5 with earnings expectations of 15 cents per share.

Cisco: www.cisco.com