In the Brocade indictment, the company's CEO, Gregory Reyes, had sole authority to grant stock options, and along with Stephanie Jensen, vice president and head of HR, the company had a practice of waiting until the end of a fiscal quarter before
granting options at the lowest price for that quarter.
Not exact matches
«We have dramatically increased access to school
options for Newark families, provided
grants directly to teachers
at 37 schools, given 300,000 books to Newark students through the My Very Own Library program, and just recently, we committed to a $ 1 million initiative to improve early childhood education in Newark,» the foundation said in a statement to CNBC.
Looking
at the number of
options awarded by S&P 500 companies for the roughly two decades between 1992 and 2010, they found about 20 % of the time boards simply kept the number of
options they
granted to their top executive the same from one year to the next.
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.
And yet, buried in a footnote in Siebel's latest 10 - K filing is the fact that the company has
granted options to employees to buy 9.8 million shares
at an average purchase price of $ 6.46.
Her
options had been
granted at $ 24.75, but before they vested, the stock had sunk below that level, making her
options worthless.
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.
Corey Rosen, executive director
at the National Center for Employee Ownership, in Oakland, Calif., suggests reminding employees that a stock -
option grant rarely replaces more traditional benefits such as a pension plan and therefore should be viewed as a bonus — one that in some cases may never be worth a dime.
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.
The Securities and Exchange Commission (SEC) investigated two large backdated
option grants: one for 4.8 million shares to the company's executive team and another for 7.5 million shares to Jobs, who was CEO
at the time.
Equity is
granted stock;
options are the right to purchase stock
at a certain price (even if it's just $ 1 per share).
Cenovus has
granted the underwriters an over-allotment
option to purchase up to an additional 10.125 million common shares
at the offering price for up to 30 days after closing.
The fair value of
options with service conditions was determined
at the date of
grant using the Black - Scholes model.
Total compensation includes information disclosed in company proxy statements, including salary, bonus, stock and
options valued
at grant date, any deferred compensation, as well as other benefits and perks.
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.
The budget also proposes block
granting Medicaid and the Children's Health Insurance Program (CHIP)
at pre-ACA levels along with a state
option of per - capita cap funding.
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 2009.
From January 1, 2008 through December 31, 2010, the Registrant
granted to certain executive officers, directors and other investors
options and rights to purchase an aggregate of 8,196,662 shares of common stock under the 2003 Plan
at exercise prices ranging from $ 2.00 to $ 6.20 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 2009.
The HRC, as part of its regular
option grants for 2008,
granted an
option to Richard M. Kovacevich, who is retiring as Chairman of the Company
at the end of 2008.
In August 2012, to create incentives for continued long - term success from the then - recently launched Model S program as well as from Tesla's then - planned Model X and Model 3 programs, and to further align executive compensation with increases in stockholder value, the Board
granted to Mr. Musk a stock
option award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance Award»), representing 5 % of Tesla's total issued and outstanding shares
at the time of
grant.
Similarly, its premium checking
options offer more value and require less in deposits than Chase's Premier accounts,
granting unlimited ATM reimbursements to customers with
at least $ 2,500 in the bank — a feature not available
at Chase.
A participant who is
granted an incentive stock
option also will not recognize income and the Company will not be allowed a deduction
at the time the
option is
granted.
For purposes of the table in «Executive Compensation — Summary Compensation Table» below, we are required to report pursuant to applicable SEC rules any stock
option grants to Mr. Musk
at values determined as of their respective
grant dates and which are driven by certain assumptions prescribed by Financial Accounting Board Accounting Standards Codification Topic 718, «Compensation — Stock Compensation» («ASC Topic 718»).
The bank has
granted the Underwriters an
option, exercisable in whole or in part, to purchase up to an additional 2 million Preferred Shares Series BK
at the same offering price.
A participant who is
granted an incentive stock
option also will not recognize income and we will not be allowed a deduction
at the time the
option is
granted.
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.
Awards
granted under the Plan may be Nonstatutory Stock
Options (NSOs), Incentive Stock
Options (ISOs), Stock Appreciation Rights (SARs), Restricted Stock, or Restricted Stock Units (RSUs), as determined by the Administrator
at the time of
grant.
Gain realized on the sale of an incentive stock
option is taxable
at capital gains rates, unless participant disposes of the shares within (1) two years after the date of
grant of the
option of (2) within one year of the date the shares were transferred to such participant.
At the time of his hire in 2003, Mr. Drexler invested $ 10 million of his own funds to purchase a substantial equity interest in the Company and he received large equity
grants in the form of stock
options, premium - priced
options and restricted stock, subject to four and five year vesting conditions.
Remember this: if the insider is exercising stock
options by buying the stock, it is not very meaningful if the
options were
granted at rock - bottom prices.
(6) Regardless of the terms of any agreement evidencing an Incentive Award, the Committee shall have the right to substitute stock appreciation rights for outstanding
Options granted to any Participant, provided the substituted stock appreciation rights call for settlement by the issuance of shares of Common Stock, and the terms of the substituted stock appreciation rights and economic benefit of such substituted stock appreciation rights are
at least equivalent to the terms and economic benefit of the
Options being replaced.
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 Awards).
Specifically, it looked
at the performance targets CEOs had to reach to earn cash bonuses and
grants of stock and
options.
It is the intent of the Company that
Options and stock appreciation rights
granted to Covered Employees and other Incentive Awards designated as Incentive Awards to Covered Employees subject to Section 8 shall constitute qualified «performance - based compensation» within the meaning of Code Section 162 (m) and regulations thereunder, unless otherwise determined by the Committee
at the time of allocation of an Incentive Award.
Director compensation typically consists of a cash component (retainer), smaller cash amounts paid for attendance
at board and committee meetings, and incentive compensation in the form of stock and stock
option grants which vest over a period of a few years.
An early - stage company typically sells its shares (or
grants options over its shares) to its founders and early employees
at a very low cash cost, because they are, in effect, putting their «sweat equity» into the Company.
Sheryl Sandberg and co-author, Adam
Grant, have a new book called
Option B, which partially explores failing and learning
at work.
An optionee does not recognize any taxable income
at the time he or she is
granted a nonstatutory stock
option.
Upon an optionee's sale of the shares (assuming that the sale occurs
at least two years after
grant of the
option and
at least one year after exercise of the incentive stock
option), any gain will be taxed to the optionee as long - term capital gain.
As a result, we will not
grant any additional stock
options under the 2007 Plan following that date, and the 2007 Plan will terminate
at that time.
Uber has dispatched senior management and its head of HR for Asia - Pacific and LATAM, Anika
Grant, on an «employee roadshow» aimed
at visiting each Uber Southeast Asia office in person to help staff assess their
options in person.
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.
With respect to Awards
granted to an Outside Director that are assumed or substituted for, if on the date of or following such assumption or substitution the Participant's status as a Director or a director of the successor corporation, as applicable, is terminated other than upon a voluntary resignation by the Participant (unless such resignation is
at the request of the acquirer), then the Participant will fully vest in and have the right to exercise
Options and / or Stock Appreciation Rights as to all of the Shares underlying such Award, including those Shares which would not otherwise be vested or exercisable, all restrictions on Restricted Stock and Restricted Stock Units will lapse, and, with respect to Awards with performance - based vesting, all performance goals or other vesting criteria will be deemed achieved
at one hundred percent (100 %) of target levels and all other terms and conditions met.
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.
Apple also admitted that 7.5 million
options granted to Jobs in 2001 were priced
at a board meeting that never took place.