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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.04-0.3%Nov 26 3:59 PM EST
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To: GVTucker who wrote (63528)4/13/2003 1:58:13 AM
From: hueyone  Read Replies (1) of 77400
 
In an 8-K filed this morning, Cisco said that 75mm options with a strike of $13.04 were awarded to employees yesterday. Apparently this is a merit based award.

Do you know whether the fact this is a "merit based award" impacts the accounting? Performance based options result in an expense on the income statement; do merit based awards result in the same? Is there a formal definition for a "merit based award"?

Thanks, Huey
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