This column sets forth the grant date
fair value of options to purchase shares of the Company's common stock granted to the named executive officers during each fiscal year.
The assumptions used in estimating
the fair value of these options are set forth in footnote 12 to the Company's Audited Financial Statements for fiscal 2013.
The total amount to be expensed is determined by reference to
the fair value of the options or awards at the date they were granted.
The fair value of options with service conditions was determined at the date of grant using the Black - Scholes model.
The derived value of the option price when plugging in the SV into an option pricing model is the theoretical or
fair value of an option.
Not exact matches
That increases the shares outstanding and dilutes the stake
of existing shareholders, since shares issued by the company through the exercise
of options are not sold in exchange for cash at
fair market
value but are exercised at a discount.
Percentage
of companies surveyed that had failed to — document the
fair value of recent stock
options awarded to investors or employees 53 %
For nonstatutory stock
options and stock appreciation rights, the participant will recognize ordinary income upon exercise in an amount equal to the difference between the
fair market
value of the shares and the exercise price on the date
of exercise.
granted any
options since August 2008, we performed a contemporaneous valuation
of our common stock as
of December 24, 2008 and determined the
fair value to be $ 2.32 per share as
of such date.
This column reflects the aggregate grant date
fair value computed in accordance with ASC Topic 718
of the
options to purchase shares
of our common stock granted to the named executive officers.
The difference between the
option exercise price and the
fair market
value of the Shares on the exercise date is treated as an adjustment in computing the optionee's alternative minimum taxable income and may be subject to an alternative minimum tax which is paid if such tax exceeds the regular tax for the year.
The term
of an incentive stock
option may not exceed ten years, except that with respect to any participant who owns more than 10 %
of the voting power
of all classes
of our outstanding stock, the term must not exceed five years and the exercise price must equal at least 110 %
of the
fair market
value on the grant date subject to the provisions
of our 2015 Plan.
The committee may deem that a holder
of options or stock appreciation rights has exercised such
options or rights on the expiration date using a net share settlement method
of exercise if, on that expiration date, the
options or rights are vested and the exercise price is less than the then
fair market
value of the Shares.
However, the amount by which the
fair market
value of the shares at the time
of exercise exceeds the
option price will be an «item
of adjustment» for participant for purposes
of the alternative minimum tax.
Each stock
option gives the recipient the right to receive a number
of Shares upon exercise
of the stock
option and payment
of the stock
option exercise price, which other than for incentive stock
options, shall be the
fair market
value of a Share on the
option grant date.
The 2004 Plan permits the grant
of the following types
of Awards: (1) nonstatutory stock
options, incentive stock
options and stock appreciation rights granted at the
fair market value of our common stock on the date of grant (Fair Market Value Awards), and (2) restricted stock awards and restricted stock units (Full Value Awar
fair market
value of our common stock on the date of grant (Fair Market Value Awards), and (2) restricted stock awards and restricted stock units (Full Value Awa
value of our common stock on the date
of grant (
Fair Market Value Awards), and (2) restricted stock awards and restricted stock units (Full Value Awar
Fair Market
Value Awards), and (2) restricted stock awards and restricted stock units (Full Value Awa
Value Awards), and (2) restricted stock awards and restricted stock units (Full
Value Awa
Value Awards).
If the shares
of common stock are sold or otherwise disposed
of before the end
of the one - year and two - year periods specified above, the difference between the
option exercise price and the
fair market
value of the shares on the date
of the
options» exercise will
Upon exercising a non-qualified stock
option, the recipient will recognize ordinary income in an amount equal to the difference between the
fair market
value on the date
of exercise
of the stock acquired and the stock
option exercise price, and Walmart will be entitled to a deduction in the same amount.
Because there is no public market for our common stock, our board
of directors determined the common stock
fair value at the stock
option grant date by considering several objective and subjective factors, including the price paid by investors for our preferred stock, our actual and forecasted operating and financial performance, market conditions and performance
of comparable publicly traded companies, developments and milestones in our company, the rights and preferences
of our common and preferred stock, the likelihood
of achieving a liquidity event, and transactions involving our preferred stock.
Provided, however, that an incentive stock
option held by a participant who owns more than 10 %
of the total combined voting power
of all classes
of our stock, or
of certain
of our parent or subsidiary corporations, may not have a term in excess
of five years and must have an exercise price
of at least 110 %
of the
fair market
value of our common stock on the grant date.
nonstatutory stock
options may not be less than 85 %
of the
fair market
value of our common stock on the date
of grant.
upon the exercise
of an
Option or Stock Appreciation Right or upon the payout
of a Restricted Stock Unit, Performance Unit or Performance Share, for each Share subject to such Award, to be solely common stock
of the successor corporation or its Parent equal in
fair market
value to the per share consideration received by holders
of Common Stock in the Change in Control.
Given the absence
of a public trading market
of our common stock, and in accordance with the American Institute
of Certified Public Accountants Accounting and Valuation Guide, Valuation
of Privately - Held Company Equity Securities Issued as Compensation, our board
of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate
of fair value of our common stock, including independent third - party valuations
of our common stock; the prices at which we sold shares
of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges
of our convertible preferred stock relative to those
of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack
of marketability
of our common stock; the hiring
of key personnel and the experience
of our management; the introduction
of new products; our stage
of development and material risks related to our business; the fact that the
option grants involve illiquid securities in a private company; the likelihood
of achieving a liquidity event, such as an initial public offering or a sale
of our company given the prevailing market conditions and the nature and history
of our business; industry trends and competitive environment; trends in consumer spending, including consumer confidence; and overall economic indicators, including gross domestic product, employment, inflation and interest rates, and the general economic outlook.
All stock
options and stock appreciation rights will have an exercise price equal to at least the
fair market
value of our common stock on the date the stock
option or stock appreciation right is granted, except in certain situations in which we are assuming or replacing
options granted by another company that we are acquiring.
For nonstatutory stock
options and incentive stock
options granted to employees who do not own more than 10 %
of the voting power
of all classes
of our outstanding stock, the exercise price must equal at least 100 %
of the
fair market
value.
Each non-employee director who, as
of the date
of this offering, is serving on our board
of directors and is expected to continue his or her service following this offering will be granted an
option to purchase shares
of our Class A common stock with a grant date
fair value of $ 50,000 (or, if such director is unaffiliated with any significant stockholder
of the Company, $ 75,000) on the date the shares subject to this offering are priced.
On the date the shares subject to this offering are priced, each non-employee director who, as
of the date
of this offering, is serving on our board
of directors and is expected to continue his or her service following this offering will be granted (a) an
option to purchase shares
of our Class A common stock with a grant date
fair value of $ 50,000 (or, if such director is unaffiliated with any significant stockholder
of the Company, $ 75,000) and (b) to the extent such director is (i) unaffiliated with any significant stockholder
of the Company and (ii) the chairman
of any committee
of our board
of directors, an additional
option to purchase shares
of our Class A common stock with a
fair value of $ 10,000 with respect to each such chairmanship.
During the year ended December 31, 2016, we granted
options with an aggregate grant date
fair value of $ 37.8 million to certain employees in conjunction with an acquisition.
The term
of an incentive stock
option may not exceed 10 years, except that with respect to any participant who owns more than 10 %
of the voting power
of all classes
of our outstanding stock, the term must not exceed 5 years and the exercise price must equal at least 110 %
of the
fair market
value on the grant date.
The purchase price, excluding transaction costs, consisted
of $ 49,756
of the Company's Series F redeemable convertible preferred stock, $ 195 in
fair value of warrants to purchase the Company's Series F redeemable convertible preferred stock and $ 262 in
fair value of the Company's vested stock
options.
The
fair value of unvested stock
options to purchase common stock as
of the acquisition date was $ 343 and is recorded as compensation expense as the stock
options vest over the employees» requisite service period.
Based on the valuation
of our common stock completed in March 2012, the
fair value of RSUs and exercise price
of stock
options granted through October 12, 2012 was determined to be $ 14.42 per share.
The exercise price
of stock
options granted under our equity incentive plans is equal to the
fair market
value of FedEx's common stock on the date
of grant.
Unless exchanged for new
options, each
option holder received an amount in cash, without interest and less applicable withholding taxes, equal to $ 24.82 (the
fair value of the Predecessor's common stock) less the exercise price
of each
option.
The weighted average
fair value of deferred share bonus plan
options granted during the year was # 3.23 (2016: # 2.80).
However, a participant may not purchase more than shares in each offering period and may not subscribe for more than $ 25,000 in
fair market
value of shares
of our common stock (determined at the time the
option is granted) during any calendar year.
terminate either (a) each outstanding
option or (b) each outstanding
option that is fully exercisable as
of the date
of such transaction, in exchange for a cash payment equal in amount to the excess, if any,
of the
fair market
value, as determined by our board
of directors,
of a share
of our common stock over the per - share exercise price
of each such
option, multiplied by the number
of shares subject to each such
option.
Nonstatutory Stock
Options, or NSOs, will provide for the right to purchase shares
of our common stock at a specified price, which may not be less than
fair market
value on the date
of grant, and usually will become exercisable (at the discretion
of the administrator) in one or more installments after the grant date, subject to the participant's continued employment or service with us and / or subject to the satisfaction
of corporate performance targets and individual performance targets established by the administrator.
The exercise price
of options granted under our 2013 Plan must at least be equal to the
fair market
value of our common stock on the date
of grant.
The
fair value of the employee services received in exchange for the grant
of the
options is recognized as an expense.
The exercise price
of options granted under our 2014 Plan must at least be equal to the
fair market
value of our Class A common stock on the date
of grant.
The term
of an incentive stock
option may not exceed ten years, except that with respect to any participant who owns more than 10 %
of the voting power
of all classes
of our outstanding stock, the term must not exceed five years and the exercise price must equal at least 110 %
of the
fair market
value on the grant date.
Once you have reached the end
of the initial agreement, you'll have the
option to renew or terminate the lease or to purchase the equipment for its
fair market
value.
Covering up the error did not look like too bad an
option at the time because stocks were priced at one - half
of their
fair value and so it was hard for anyone to imagine that prices could ever again rise even to
fair -
value levels much less to overpriced levels.
«ISO: Employee now owes AMT (Alternative Minimum Tax) on the difference between the amount they paid to exercise their
options (the exercise price) and the
fair market
value of that stock today.
We offer leases with a variety
of end
of lease
options including:
Fair market
value (FMV), conditional sales contract (CSC), dollar out and fixed dollar payments at lease end.
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The Agrifood Markets and
Value Chain chapter analyses the organic agriculture
option as one
of the strategies to help small farmers sell to markets, together with
fair trade and «short - chain strategies».
I have two
options here, I can either try to weather out this storm, though I'm likely to miss the playoffs in the league, or i can make a desperation trade
of Harden to get back some quality players (not on his level
of course, no one is giving me
fair value at this point) and keep fighting for the playoffs, but then i'll likely flounder out.
However, there is a problem with stock
options that is sometimes overlooked, as was demonstrated in one
of the above examples
of things that can go wrong: When you exercise nonqualified stock
options — the type
of options ordinarily issued to consultants — federal tax law requires you to pay tax on the difference between the
fair market
value of the stock and the price you paid to exercise the
options.