What is the purpose of backdating stock options 8 simple rules for dating my teenage daughter imdb

Posted by / 27-Dec-2019 04:16

What is the purpose of backdating stock options

The move depresses the stock price and lowers the guaranteed "strike price," which allows the CEO to exercise their stock option to buy a specified number of shares below market value.

Kreinberg was also forced to pay .4 million in order to settle civil fraud charges.A month after, the stock price returned to pre-grant levels.The same pattern occurred the prior year even though the stock price shifted little during that year.In its most traditional form, backdating is accomplished by the intentional modification of the minutes of the meeting in which an option grant is authorized.Such situations make it possible to modify not only the date of a grant but also the number of options in question and the identities of the grantees.

what is the purpose of backdating stock options-23what is the purpose of backdating stock options-64what is the purpose of backdating stock options-83

The situation is similar for Comverse's former general counsel as well as former CEO, Jacob Alexander.

One thought on “what is the purpose of backdating stock options”

  1. Rewarding lovely daters with discounts and complimentary events while saying no thank you to anyone we don't think you'll fancy meeting. Most American speed dating parties are a bit like being at a college job fair.