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Strategies & Market Trends : Option Granting Practices and exploits -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (58)	10/20/2006 11:14:46 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 165

Thanks GP, thats a nice find. A thought like that came to my mind when I thought a bout a common denominator in the options plague. Unfortunately, I was a bit concentrated on accounting firms as I thought of the 2001-2003 corporate scandals led by Enron, Worldcom, Tyco and others. Then as in the Den of Thieves, it can be a formally unrelated circle of "made men..." - here we go. A network of directors, meaning we can create a searchable index now. Nice...

To: Glenn Petersen who wrote (58)	11/27/2006 4:57:23 PM
From: RockyBalboa	Read Replies (1) \| Respond to 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.