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For most executives granted options in 1997, 1998 and 1999 that is not an issue.
The company often granted options dated before steep rises in its share price, The Wall Street Journal reported yesterday.
It is not uncommon for chief executives to be granted options at or below the current stock price.
When the company's share price was $57, managers were granted options "at the money", that is with a strike price also of $57.
Howard Schultz, chief executive of Starbucks, was granted options valued at $12 million in November 2008 that are today worth more than $100 million.
The chief financial officer, Frederick A. Henderson, and the vice chairmen, John M. Devine and Robert A. Lutz, were granted options on 160,000 shares each.
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The company usually grants options in March.
Recently, however, Siebel has been reluctant to grant options.
The numerical results explain why firms continue to grant options repeatedly to executives.
These companies would qualify as a company that grants options to all employee groups.
All too often, companies grant options and shares on top of already generous compensation packages.
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