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Because of the standardized character of the interRAI portfolio, none of the suggestions for reducing the scoring options was granted.
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No options were granted.
When those options were granted, Spectrum had just 18.85 million shares of stock outstanding.
"As a result, options are granted too freely to too many people".
The new options were granted "to take advantage of current market conditions," Patty Smith, a spokeswoman, said.
The company said only 7.5 million options were granted, but declined to give details regarding the strike price.
Mr. Semel's options were granted on his first day of employment, when the stock closed at $22.31.
The options were granted at £3.06 a share but vested at £28.50, resulting in a £19.2m gain for Pidgley.
Opponents of treating options as expenses say that no cash changes hands when options are granted, and that the value of the options cannot be calculated with precision.
To qualify for favorable tax treatment for companies, however, options must be priced at least as high as the trading price on the day the options were granted.
Accelerated vesting of stock options and stock awards quickly follows; sometimes the options are granted with their full terms remaining -- up to 10 years -- giving them tremendous value.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com