Repricing and backdating stock options

Repricing and backdating stock options

01/11/ · There are three major areas of potential criminal liability for former executives involved in stock options backdating: securities fraud, tax fraud, and mail or wire fraud. Backdating is not illegal per se. Backdating only becomes illegal when executives fail to disclose the practice in financial reports, and fail to properly account for backdated options according to Generally Accepted Accounting Principles (GAAP) and Estimated Reading Time: 10 mins In remuneration guidelines adopted in July , the ICGN stated that repricing stock options without shareholder approval should be considered “inappropriate” and that in “no circumstances should boards or management be allowed to back date grants to achieve a more favorable strike price (in the case of options)” (ICGN Remuneration Guidelines, blogger.com Options backdating occurs when a company issues stock options on one date, but reports in its financials an earlier issue date to create a “strike” or exercise price equal to the earlier date’s lower price

Options Backdating Definition

Note: This page has been archived and is no longer being updated. It may include obsolete or repricing and backdating stock options information. Home Previous Page. Spotlight on Stock Options Backdating Note: This page has been archived and is no longer being updated. Enforcement Actions Related to Options Backdating Commission Speeches and Testimony Related to Options Backdating Commission Staff Speeches, Testimony and Letters Related to Options Backdating Non-SEC Documents Related to Options Backdating Enforcement Actions Related to Options Backdating displayed in reverse chronological order SEC Charges Trident Microsystems, Inc.

and its Former CEO and Former CAO with Stock Options Backdating SEC v. Trident Microsystems, Inc. Lin, and Peter Y. Jen, Litigation Release No. Anthony Bonica, Litigation Release No. Carl W. Jasper, Litigation Release No. Byrd SEC v. Michael J. Byrd, repricing and backdating stock options, Litigation Release No. Henry T. Nicholas III, Henry Samueli, William J. Ruehle, and David Dull, Litigation Release No. Shanahan, Sr. Michael Shanahan, Sr.

et al. Black Box Corporation, Frederick C. Young, and Anna M. Baird, Litigation Release No. and Two Former Senior Officers in Earnings Management and Options Backdating Schemes SEC v.

SafeNet, Inc. al, Litigation Release No. Settles Charges of Stock Options Backdating SEC v. The Hain Celestial Group, Inc. Kenneth Selterman and Patti Tay, Litigation Release No. Ulticom, Inc. Lisa M. Roberts, Litigation Release No. for Fraudulent Options Backdating and Earnings Management Schemes SEC v. Comverse Technology, Inc.

for Options Backdating SEC v. Monster Worldwide, Inc. Gary A. Ray, Litigation Release No. Gregory Reyes, et al. Take-Two Interactive Software, Inc. Mercury Interactive, LLC [formerly known as Mercury Interactive Corporation], Amnon Landan, Sharlene Abrams, Douglas Smith, and Susan Skaer, Litigation Release No.

Quest Software, Inc. Smith, John J. Laskey, and Kevin E. Brooks, Litigation Release No. Pediatrix Medical Group, Inc. Research in Motion Limited, Dennis Kavelman, Arcangelo Loberto, James Balsillie, and Mihal Lazaridis, Litigation Release No.

and Former General Counsel in Stock Options Backdating Case SEC v. UnitedHealth, Inc. David J. Lubben, Litigation Release No. IBlue Coat Systems, Inc. and Robert P. Verheecke, Litigation Release No. Igal Kohavi, Yair Shamir, and Giora Yaron, Litigation Release No.

Bruce E. Karatz, Litigation Release No. in Stock Option Backdating Scheme SEC v. Stephen R, repricing and backdating stock options. Wong, SEC v. Raj P. Sabhlok and Michael C. Pattison, Litigation Release No. Nancy R. Heinen, Litigation Release No. HCC Insurance Holdings, Inc. Way; and Christopher L. Martin, Litigation Release No. Sycamore Networks, Inc. Jewels, Cheryl E. Kalinen, and Robin A. Friedman, Litigation Release No.

and Sues Former Microtune Officers In Stock Option Backdating Scheme SEC v. Microtune, Inc. Analog Devices, Inc. and Jerald Fishman, Litigation Release No.

With Violations in Stock Options Backdating Scheme SEC v. Brooks Automation, Inc. Marvell Technology Group, Ltd. and Weili Dai, Litigation Release No. for Backdating Options SEC v. James J, repricing and backdating stock options. Treacy and Anthony Bonica, Litigation Release No. Broadcom Corp. Nancy M. Tullos, Litigation Release No. for Stock Options Backdating SEC v. Andrew J.

McKelvey, Litigation Release No. William W. McGuire, Litigation Release No. Maxim Integrated Products, Inc. and John F. Repricing and backdating stock options, SEC v. Lisa C. Berry, SEC v. Juniper Networks, Inc. for Improper Stock Options Backdating SEC v.

Stock Options - Intermediate Accounting - CPA Exam FAR - Chp 16 p 4

, time: 25:20

Option backdating — AccountingTools

In the second recent case, the Commission filed a civil fraud complaint last month against three former senior executives of Comverse Technology, Inc., alleging that they engaged in a decade-long fraudulent scheme to grant undisclosed, in-the-money options to themselves and to others by backdating stock option grants to coincide with historically low closing prices of Comverse common stock In remuneration guidelines adopted in July , the ICGN stated that repricing stock options without shareholder approval should be considered “inappropriate” and that in “no circumstances should boards or management be allowed to back date grants to achieve a more favorable strike price (in the case of options)” (ICGN Remuneration Guidelines, blogger.com 01/11/ · There are three major areas of potential criminal liability for former executives involved in stock options backdating: securities fraud, tax fraud, and mail or wire fraud. Backdating is not illegal per se. Backdating only becomes illegal when executives fail to disclose the practice in financial reports, and fail to properly account for backdated options according to Generally Accepted Accounting Principles (GAAP) and Estimated Reading Time: 10 mins