Repricing and backdating Talking to sexy women free chats no sign up
The United Health press release described the settlement with the company’s former General Counsel, David Lubben, as consisting of the surrender to United Health Group of his stock options to acquire 273,000 shares of Company stock, which the SLC valued in excess of million; and the repayment to the Company .55 million of the compensation realized by him as a result of his March 2007 exercise of stock options.According to the company, these amounts, combined with a previous repricing of stock options awarded to Lubben, result in a total value relinquished by Lubben of approximately million.This is the granted option that would be reported to the SEC.The act of options backdating has become much more difficult as companies are now required to report the granting of options to the SEC within two business days.Certain other current and former officers also agreed to relinquish certain rights and repay other amounts, which in combination with the repricing of certain stock option, have a value of approximately 0 million.
The comparison suggests that the personal tax regime may have been one of the factors which impacted the desire to receive backdated options in lieu of other forms of compensation in Canada but not so in the United States. Prior to 2003, the long-term capital gains rate was generally 20%.
The process of granting an option that is dated prior to the date that the company granted that option.
In this way, the exercise price of the granted option can be set at a lower price than that of the company's stock at the granting date.
Was it spread through word of mouth between directors who served on different boards?
Could it have been shared between executives on cocktail napkins at a local bar in California?