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New Antidilution Stock Plan Amendment May Be Required under Statement 123R (PDF)
FW Cook
Aug. 14, 2006 1 page. Excerpt: These antidilution provisions either permit or require companies to preserve the value of outstanding equity awards if an equity restructuring occurs. In practice, this most often is accomplished by making equitable adjustments that maintain the outstanding awards' 'intrinsic value' and ratio of exercise price (if any) to market price at the time of the transaction. MORE >> |
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