at-the-money options, with an exercise price equal to the market price on the grant date, were the most popular form of share-based compensation.Companies typically used the alternative intrinsic value method to value those options; with a grant-date intrinsic value of zero, the company recognized no compensation expense. 123(R), companies have had to recognize an expense equal to the option’s grant-date fair value. Well, Gerald, I specialize in troubled situations, and when I left here at p.m. So, I'm just trying to figure out what happened in the interim. Well, if you're the best closer, where the hell have you been for the last three hours? New research (July 2006) by Eric Lie and Randall Heron found that 29.2% of companies issuing options to executives and/or directors between 19 have grant date patterns that suggest backdating or other manipulative practices (such as "spring-loading," the announcement of a grant before good news is released), and 23% of options issued to executives appear to have been backdated or spring-loaded.The pattern was somewhat more common in technology companies, smaller companies, companies granting options to more executives and directors, and companies with higher stock price volatility. Now, I apologize if that image is too pansy for you, but I'm comfortable enough with my manhood to put it out there. So, I'd say the ball's in your court, but the truth is, your balls are in my fist.
The measurement date for estimating the fair value of equity instruments is the grant date; the measurement date for liability instruments is the settlement date. private companies depending on the type of award instrument.Well, I'm watching the pilot to the new show "Suits" and I come across the following pricelessness:****Gabriel Macht's Harvey Specter: I'm going to show you what a Harvard attorney can do. The fact is that we've now got a television show that in one scene mentions stock options, backdating, 409A and SOX - while at the same time maybe indeed even accurately reflecting just "what a Harvard attorney can do." Fun. Harvey: Although backdating options is legal, violations arise related to disclosures under I. Harvey: OK, look, this is all pretty fascinating stuff, but I'm afraid I gotta get back to work. So what if we throw in a nearly incomprehensible SOX reference? It says here that Cooper won't be staying on as honorary Vice President. Well, now that you've got a grasp on what's happened in the goddamn interim, what are you going to do about it?