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Technology Stocks : Apple Inc.
AAPL 278.28+0.1%Dec 12 9:30 AM EST
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To: OrionX who wrote (55759)8/11/2006 11:31:03 PM
From: Cogito  Read Replies (1) of 213176
 
>>As for backdating methods, all the shares I ever got from the companies (US based) I worked for were shares priced the day they were vested. If backdating is/was so prevalent and accepted as legal, it sure wasn't made obvious to the general shareholders otherwise why would we be having this discussion?<<

Orion -

Priced the day they were vested? Interesting. I received options from a company I worked for in the 90s, and they were priced at the closing price of the day of the grant. I was under the impression that was the common practice. The idea is to motivate employees to enhance share value, so having the shares being worthless when they vested (since on that day you'd be able to sell, but for no gain) wouldn't work.

- Allen
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