Option Conversion Increasingly Common

December 2002
Financial Executive;Dec2002, Vol. 18 Issue 9, p12
Academic Journal
The article reports on an elective program at Siebel Systems Inc., an enterprise software company in San Mateo, California, that makes option conversion easier for employees. The company offers cash or new common shares to employees in exchange for some of their old stock options instead of repricing or issuing new options. Data from Siebel Systems' filing with the U.S. Securities and Exchange Commission shows the amount that employees agreed to trade for cash and mentions a reverse stock split. Diane Doubleday of Mercer Human Resources Consulting comments on Siebel's program.


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