39 pages. Excerpt: This practice note has been prepared by the Stock Options Task Force of the Pension Practice Council of the American Academy of Actuaries. Our primary purpose is to provide guidance to actuaries and others performing valuations under the Financial Accounting Standards Board's (FASB's) Statement of Financial Accounting Standard (FAS) Number 123, Share-Based Payments, as amended in December 2004 (FAS 123R).  MORE >>