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Strategies & Market Trends : Option Granting Practices and exploits
AAPL 270.25-0.4%3:59 PM EDT

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To: Glenn Petersen who wrote (58)11/27/2006 4:57:23 PM
From: RockyBalboa  Read Replies (1) of 165
 
Maybe they are listening.

Meanwhile, I did a little reading in Googles S-8 filings (there are 4 of them, 3 after their IPO). Not surprisingly, those plans are also Sonsini products.

Most of it is standard language including the 15% clause and the clause that ISOs are always granted at the market; I think they opened a loophole in that ISOs are restricted to 100k in market value, all are treated as less restrictive NQSOs with less limitations on exercise prices (to be concise, not applicable for large shareholders). Other stuff, like "piggybacking" pre-existing options seems to be non material.
Also the last 10k does not provide much clues to their granting practices, remember it was their first full year in public, ... but some questions shall be asked when the next annual report comes out.
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