Sapiens will also assume options and warrants covering 16.2 million more shares.
Since there is no perfect valuation method, why not assume options are worthless and show no expense?
Under the agreement, Pharmacopeia will issue about 10 million shares of common stock and assume options and warrants to acquire an additional 600,000 shares of Pharmacopeia.
According to calculations by Messrs Zion and Carcache, who assume options grants similar to this year's, the S&P 500 firms will report total options expenses of $33 billion in 2006.
While reconstructing 300 clicker responses as answers to three multiple-choice questions by 100 students, we assumed four options with option 1 as the correct answer for each of the three questions.
Priceline paid $1.8 billion for Kayak, including $500 million in cash and $1.3 billion in equity and assumed stock options, according to Priceline.
First, they were asked about satisfaction with Option 1; subsequently, they were asked about satisfaction with Option 2 ("Assume that Option 1 [Option 2] was the only drug available to you. Under these circumstances, how satisfied would you be with this drug considering all of its characteristics (its relative age, effectiveness, and environmental impact)?").
Applied Micro Circuits also will assume stock options to buy five million Applied Micro shares, the company, based in San Diego, said.
Be Free, which is based in Marlborough, Mass., will pay 1.56 million shares, valued at $165.8 million, and assume outstanding options to buy TriVida's capital stock for an additional 190,000 shares of Be Free stock, valued at $20.2 million, based on yesterday's closing price of $106.25.
