weirdly specific dating sites - Backdating jan option

But Affymetrix said the review hasn't indicated a pattern of inappropriate options dating. 9, the company filed with the SEC to delay the submission of its second-quarter report because of a restatement to its financial statements for some options granted between 19.

The company said it would restate its financial statements for 2005 and first quarter of 2006.(Headlines)The San Jose, Calif., software company on Oct.

The company also said it will restate several years of past results to adjust accounting for two option grants in 20.

The most common stock options are known as “at the money” options, which let you buy the company’s stock at the price that it had on the day of the grant.

They’re valuable only if the stock price rises after you get them.

The backdating companies broke this rule: they reported how many options they were issuing, but conveniently omitted the fact that they had been backdated. The bigger reason for choosing to backdate is to get around some bothersome accounting regulations.

In Washington, people say that it’s not the crime that gets you—it’s the coverup. [C]ompanies didn’t need backdating to lavish huge sums of money on their executives: they could have issued more at-the-money options to make up the difference, or they could have just handed out grants of stock. Until recently, the regulations distinguished, for no good reason, between in-the-money and at-the-money options.

Executives do it because they believe that if they don’t the stock market will punish them. As the investment strategist Michael Mauboussin puts it, “The market follows cash flows,” not earnings.

As long as revenues and expenditures are reported honestly, [several studies show that] accounting legerdemain doesn’t fool the market.

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Here's a look at companies that have come under scrutiny for past stock-option grants and practices.

THIS SCORECARD WAS LAST UPDATED IN SEPTEMBER 2007 AND IS NO LONGER BEING UPDATED. Note: This list contains companies that have disclosed government probes, misdated options, restatements and/or executive departures as of Septmeber 2007.

As a result, it is possible that Activision will be required to record additional stock-based compensation expense related to stock-option grants.

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