Stock options backdating: What you need to know | Macworld
Read More

Navigation menu

Just last month, the former CEO of Comverse Technology was arrested in Namibia on charges related to stock-options backdating. Last week, a member of Apple’s board stepped down after a probe of. One study estimated that as many as 43% of publicly traded companies backdated options between and (1). Apple admitted to granting backdated options on 15 dates between and (2). In , Apple had to take an $84 million charge to correct erroneous financial statements resulting from options backdating (3). 12/28/ · The Apple stock backdating backstory Backdating stock options refers to the practice of writing an agreement concerning the award of stock options to make it .

Read More

9/20/ · Apple Inc. CEO Steve Jobs has been subpoenaed by the U.S. Securities and Exchange Commission to give a deposition in a stock-options backdating case against Apple. In finance, options backdating is the practice of altering the date a stock option was granted, to a usually earlier (but sometimes later) date at which the underlying stock price was lower. This is a way of repricing options to make them more valuable when the option " strike price " (the fixed price at which the owner of the option can purchase stock) is fixed to the stock price at the date the option was . Just last month, the former CEO of Comverse Technology was arrested in Namibia on charges related to stock-options backdating. Last week, a member of Apple’s board stepped down after a probe of.

Read More

Just last month, the former CEO of Comverse Technology was arrested in Namibia on charges related to stock-options backdating. Last week, a member of Apple’s board stepped down after a probe of. 9/20/ · Apple Inc. CEO Steve Jobs has been subpoenaed by the U.S. Securities and Exchange Commission to give a deposition in a stock-options backdating case against Apple. 12/29/ · Why options backdating is a big deal Wall Street had been concerned about new reports regarding options grants made to Apple CEO Steve Jobs. .

Apple restates earnings and says Jobs knew of backdating - Dec. 29,
Read More

Macworld Categories

Apple's former finance chief said on Tuesday he relied on Chief Executive Steve Jobs in the handling of backdated stock options, putting the spotlight on the company's co-founder inthe scandal. 10/21/ · In , New York City's municipal employee pension fund sued Apple over the backdated options. A federal judge dismissed the case but class-action lawyers working for the pension fund . One study estimated that as many as 43% of publicly traded companies backdated options between and (1). Apple admitted to granting backdated options on 15 dates between and (2). In , Apple had to take an $84 million charge to correct erroneous financial statements resulting from options backdating (3).

Read More

In finance, options backdating is the practice of altering the date a stock option was granted, to a usually earlier (but sometimes later) date at which the underlying stock price was lower. This is a way of repricing options to make them more valuable when the option " strike price " (the fixed price at which the owner of the option can purchase stock) is fixed to the stock price at the date the option was . 10/21/ · In , New York City's municipal employee pension fund sued Apple over the backdated options. A federal judge dismissed the case but class-action lawyers working for the pension fund . 1/17/ · If the employee is able to exercise that option by the time the stock’s trading at $15, that employee’s option is now worth $5. However, if the employee’s original stock option was backdated to Author: Lisa Schmeiser.