The new compensation arrangements also include the potential future
grant of stock option awards to our named executive officers (described further in footnotes (4) and (5) to the table below), the grant to be effective on the date of this offering.
The grant of a stock option or a stock appreciation right is not intended to have immediate tax consequences for the grantee or Walmart.
for serving as the lead independent director, (i) on the later of June 12, 2012 or shortly following appointment as the lead independent director, and (ii) every three years thereafter, an automatic
grant of a stock option to purchase 24,000 shares of our common stock;
A recipient of a stock option or stock appreciation right will not have taxable income upon
the grant of the stock option or stock appreciation right.
These incentives are provided through
the granting of stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance bonus awards, performance shares and performance units.
The Committee may choose to grant stock appreciation rights in tandem with
the grant of stock options, such that the exercise of either the stock option or the stock appreciation right would cancel the other.
Under our stock ownership guidelines, each non-employee director was required to acquire and hold, within five years of the establishment of the stock ownership guidelines in 2004, or being elected to the Board, 50 % of the number of shares that constituted their annual
grant of stock options following re-election, or 12,500 shares.
The only real area of concern for us is the litigation and regulatory investigations into TRID's
granting of stock options.
We confess that — aside from the litigation and regulatory investigations into TRID's
granting of stock options — we can't see the problem with TRID.
Trident has been named as a nominal defendant in several purported shareholder derivative lawsuits concerning
the granting of stock options.
Are we underestimating the impact of the litigation and regulatory investigations into TRID's
granting of stock options?
Each of these four Respondents received salaries over $ 200,000, signing bonuses of approximately $ 50,000, and generous
grants of stock options in FF and other incentives.
Krause was very highly compensated at FF, receiving a $ 1,000,000 annual salary, a $ 300,000 signing bonus, and a generous
grant of stock options that were to vest over time.
Not exact matches
It has long been understood that if a company's
stock rockets ahead, a rich
grant of options can lead to big payday.
He'll receive about $ 10 million worth
of stock options plus a
grant of 933,416 performance - based restricted shares.
If those
options were exercised and the
stock was then sold at, say, $ 40, it would amount to a bonus
of almost $ 330 million — the market price less the strike price, times the number
of options granted — paid out to Siebel employees over the next nine years.
In other words, Dorsey's stake in the company was already publicly disclosed, so the amount
of his
options grant was already factored into the
stock purchase decision
of existing shareholders who had already bought the
stock.
It is now quite common, should a
stock collapse, for companies to lower the purchase price on
options already
granted to employees, in order to stem a mass exodus
of talent.
At BroadBand Technologies, Bhatia didn't want hotshot techies — many
of whom have come to expect
stock options — to take the company's
options for
granted.
To qualify for that sweet tax deal, they can't dispose
of the
stock within two years after the time the
option was
granted — and they also can't sell
stock within one year
of the time they exercise the
option.
If analyst expectations are low when
stock options are
granted, and high when they get cashed out, a CEO stands to make a lot
of money, independent
of what that variation means in terms
of actual performance.
At the end
of each
of the next 10 fiscal years, if certain benchmarks are met by the agency (financial growth, profitability and overall company health), Linda and I will transfer up to 10 percent
of our equity by
granting stock options to all employees based on the same progressive formula we use to distribute employee cash bonuses.
Stock options allow employees to purchase shares in their company at a price fixed when the optionis
granted (the
grant price) for a defined number
of years into the future.
Bellicum expects to
grant the underwriters
of the offering a 30 - day
option to purchase up to an additional 1,050,000 shares
of its common
stock at the public offering price, less the underwriting discounts and commissions.
Pursuant to the offering, Centene
granted the underwriters an
option to purchase from the Company up to an additional $ 260 million in shares
of common
stock.
He was accused
of intentionally changing the
grant dates for hundreds
of stock option awards without disclosing the move to investors.
Executive compensation figures are also disclosed in the filing, including CEO Dick Costolo, who had a base salary
of $ 200,000 last year, with $ 8.4 million in restricted
stock and
options with a
grant - date value
of $ 2.9 million.
Consists
of (i) 9,809,637 shares
of Class C capital
stock to be issued upon exercise of outstanding stock options and vesting of outstanding GSUs that were distributed as a dividend to the issued and outstanding Class A stock options and GSUs in April 2014 in connection with the Stock Split; and (ii) 11,913,110 shares of Class C capital stock to be issued upon conversion of GSUs that were granted under our 2012 Stock Plan during
stock to be issued upon exercise
of outstanding
stock options and vesting of outstanding GSUs that were distributed as a dividend to the issued and outstanding Class A stock options and GSUs in April 2014 in connection with the Stock Split; and (ii) 11,913,110 shares of Class C capital stock to be issued upon conversion of GSUs that were granted under our 2012 Stock Plan during
stock options and vesting
of outstanding GSUs that were distributed as a dividend to the issued and outstanding Class A
stock options and GSUs in April 2014 in connection with the Stock Split; and (ii) 11,913,110 shares of Class C capital stock to be issued upon conversion of GSUs that were granted under our 2012 Stock Plan during
stock options and GSUs in April 2014 in connection with the
Stock Split; and (ii) 11,913,110 shares of Class C capital stock to be issued upon conversion of GSUs that were granted under our 2012 Stock Plan during
Stock Split; and (ii) 11,913,110 shares
of Class C capital
stock to be issued upon conversion of GSUs that were granted under our 2012 Stock Plan during
stock to be issued upon conversion
of GSUs that were
granted under our 2012
Stock Plan during
Stock Plan during 2014.
The Plan permits
grants of the following types
of incentive awards subject to such terms and conditions as the Leadership Development and Compensation Committee shall determine, consistent with the terms
of the Plan: (1)
stock options, including
stock options intended to qualify as ISOs, (2) other
stock - based awards, including in the form
of stock appreciation rights, phantom
stock, restricted
stock, restricted
stock units, performance shares, deferred share units or share - denominated performance units, and (3) cash awards.
Our equity incentive plan will allow for the
grant of other forms
of equity incentives in addition to
stock options, such as
grants of restricted
stock, restricted
stock units and
stock appreciation rights.
Awards
granted under the 2007 Equity Incentive Plan may consist
of incentive
stock options, non-qualified
stock options,
stock appreciation rights (SAR), restricted
stock grants, and restricted
stock units (RSU).
Shares that are exchanged by a participant or withheld by Apple to pay the exercise price
of an
option or
stock appreciation right
granted under the 2014 Plan, as well as any shares exchanged or withheld to satisfy the tax withholding obligations related to any
option or
stock appreciation right, will not be available for subsequent awards under the 2014 Plan.
This number is calculated using the share counting rules described in Sections 5 (a) and 5 (b)
of the 2014 Plan and includes the number
of shares available for new award
grants under the 2014 Plan out
of the 385 million shares authorized by shareholders upon adoption
of the 2014 Plan; the number
of shares available for new award
grants under the 2003 Employee
Stock Plan (the «2003 Plan») on the date that shareholders approved the 2014 Plan; the number of shares subject to outstanding stock options under the 2003 Plan and 2014 Plan as of November 17, 2015; and two times the number of shares subject to outstanding RSUs under the 2003 Plan and 2014 Plan as of November 17, 2015 (all adjusted for the 7 - for - 1 stock sp
Stock Plan (the «2003 Plan») on the date that shareholders approved the 2014 Plan; the number
of shares subject to outstanding
stock options under the 2003 Plan and 2014 Plan as of November 17, 2015; and two times the number of shares subject to outstanding RSUs under the 2003 Plan and 2014 Plan as of November 17, 2015 (all adjusted for the 7 - for - 1 stock sp
stock options under the 2003 Plan and 2014 Plan as
of November 17, 2015; and two times the number
of shares subject to outstanding RSUs under the 2003 Plan and 2014 Plan as
of November 17, 2015 (all adjusted for the 7 - for - 1
stock sp
stock split).
Conflicts
of interest comprise financial interests, activities, and relationships within the past 3 years including but not limited to employment, affiliation,
grants or funding, consultancies, honoraria or payment, speaker's bureaus,
stock ownership or
options, expert testimony, royalties, donation
of medical equipment, or patents planned, pending, or issued.
The 2014 Plan permits the
granting by the plan administrator
of stock options,
stock appreciation rights,
stock grants and RSUs, as well as cash bonus awards.
The Plan seeks to achieve this purpose by providing for discretionary long - term incentive Awards in the form
of Options (which may be Incentive
Stock Options or Nonstatutory
Stock Options),
Stock Appreciation Rights,
Stock Grants, Restricted
Stock Units and Cash Bonus Awards.
Such compensation might typically include salary, bonuses, benefits (such as use
of a company car), and
grants of stock or
stock options.
Shares issued in respect
of awards other than
stock options and
stock appreciation rights
granted under the 2014 Plan and the Director Plan count against the shares available for
grant under the applicable plan as two shares for every share
granted.
Any such shares subject to awards other than
stock options and
stock appreciation rights
granted under either such Plan will become available taking into account the 2:1 premium share counting rule applicable at the time
of granting these types
of awards.
It is much more likely that he will have made a much more modest salary (say, $ 500,000) and to have been
granted stock in the company (or
stock options) the value
of which makes up the rest
of his income for the year.
Awards may be
granted under the Plan in substitution for or in connection with an assumption
of employee, director and / or consultant
stock options,
stock appreciation rights, restricted
stock or other
stock - based awards
granted by other entities to persons who are or who will become Employees or Consultants in respect
of the Company or one
of its Subsidiaries in connection with a
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.
Any Shares subject to Awards
granted under the Plan other than
Options or
Stock Appreciation Rights shall be counted against the numerical limits
of this Section 3 as two and fifteen - one hundredths (2.15) Shares for every one (1) Share subject thereto and shall be counted as two and fifteen - one hundredths (2.15) Shares for every one (1) Share returned to or deemed not issued from the Plan pursuant to this Section 3.
Based on this valuation and the factors described above, our board
of directors
granted stock options with an exercise price
of $ 2.32 per share.
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.
We
grant stock options to our executives to align their interests with those
of our stockholders and as an incentive to remain with us.
Information regarding
stock option grants made in February and June 2007 appears in columns (b) and (j) of the Grants of Plan - Based Awards
grants made in February and June 2007 appears in columns (b) and (j)
of the
Grants of Plan - Based Awards
Grants of Plan - Based Awards table.
From January 1, 2008 through December 31, 2010, the Registrant
granted to its employees, consultants and other service providers
options to purchase an aggregate
of 12,566,833 shares
of common
stock under the Registrant's Amended and Restated 2003 Stock Incentive Plan, or the 2003 Plan, at exercise prices ranging from $ 1.50 to $ 14.46 per share, which includes options to purchase shares of common stock that were repriced on a one - for - one basis to $ 2.32 per share in February
stock under the Registrant's Amended and Restated 2003
Stock Incentive Plan, or the 2003 Plan, at exercise prices ranging from $ 1.50 to $ 14.46 per share, which includes options to purchase shares of common stock that were repriced on a one - for - one basis to $ 2.32 per share in February
Stock Incentive Plan, or the 2003 Plan, at exercise prices ranging from $ 1.50 to $ 14.46 per share, which includes
options to purchase shares
of common
stock that were repriced on a one - for - one basis to $ 2.32 per share in February
stock that were repriced on a one - for - one basis to $ 2.32 per share in February 2009.
5,800,200 shares
of our Class B common
stock issuable upon the exercise
of options to purchase shares
of our Class B common
stock granted after June 30, 2015, with a weighted - average exercise price
of $ 15.23 per share;
Based on this valuation and the factors discussed above, our board
of directors
granted stock options with an exercise price
of $ 3.50 per share during this period.