Backdating of patrick stump dating anyone
The company would then grant the option but date it at or near its lowest point.
This is the granted option that would be reported to the SEC.
Accordingly, mis-dating a contract could amount to an offence under this Act.
The process of granting an option that is dated prior to the date that the company granted that option.This process occurred when companies were only required to report the issuance of stock options to the SEC within two months of the grant date.Companies would simply wait for a period in which the company's stock price fell to a low and then moved higher within a two-month period.Cases of backdating employee stock options have drawn public and media attention.According to a study by Erik Lie, a finance professor at the University of Iowa, more than 2,000 companies used options backdating in some form to reward their senior executives between 19.