Stock options (BenefitsLink.com)Headlines re Stock options, gathered by BenefitsLink.comOverview of Section 6039: IRS Interim Guidance on Information Returns to Be Filed with the IRS for ISOs and ESPPs- (Found July 5, 2008 ) Excerpt: "The time and manner in which to file the information return to the IRS is to be set forth in regulations. However, the IRS has yet to issue regulations addressing this particular requirement. As a result, the IRS has temporarily waived the obligation to file an information return to the IRS for stock transfers covered under Section 6039. There is still, however, the existing requirement to furnish employees with a written statement containing certain specific information as...http://www.wsgr.com/WSGR/Display.aspx?SectionName=publications/PDFSearch/clientalert_secti... SEC Allows More Use of Simpler Options Expensing- (Found July 5, 2008 ) Excerpt: "An SEC news release said its Staff Accounting Bulletin (SAB) 110 permits the simplified method of valuing stock option grants for income statement purposes if the company's historical experience is not enough to allow a more involved calculation. The agency said without the new SAB, eligible public companies would have lost the option to use the simplified method as of December 31, 2007.' (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/pi_type10/?RECORD_ID=39924 Reminder: January 31 Deadline for Information Statements for Incentive Stock Options and ESPPs (PDF)- (Found July 5, 2008 ) 3 pages. Excerpt: "Section 6039 of the Internal Revenue Code requires that corporations provide a written statement to each current and former employee who receives stock pursuant to the exercise of an incentive stock option or who transfers for the first time stock received under an employee stock purchase plan (ESPP). The statement must be provided by January 31 of the year following the calendar year in which the stock transfer was made. The Tax Relief and Health Care Act of 2006...http://www.pillsburylaw.com/content/portal/publications/2008/1/200812174628921/Exec%20Comp... Overview: SEC Issues Extension for Using Simplified Method to Calculate Employee Stock Option Expense (PDF)- (Found July 5, 2008 ) 1 page. Excerpt: "SAB 107 allows for the use of the simplified method until December 31, 2007, at which time it was expected companies would have adequate historical information available to them to calculate a reliable expected option term. The SEC understands that this historical data may not yet be readily available and on December 21, 2007, the SEC issued SAB 110 which extends the timeframe eligible companies will have to use the simplified method on an interim basis. Once detailed...http://www.fwcook.com/alert_letters/01-04-08-SEC-Issues-Extension-for-Using-Simplified-Met... New edition of Beyond Stock Options- (Found July 5, 2008 ) The NCEO presents excerpts from the new edition of Beyond Stock Options, which covers restricted stock, phantom stock, stock appreciation rights, and other alternatives to employee stock options. It is a required text in the Certified Equity Professional (CEP) program. The book includes a CD with model plan documents. (National Center for Employee Ownership)http://www.nceo.org/pubs/beyondstockoptions.html New edition of Selected Issues in Equity Compensation- (Found July 5, 2008 ) The NCEO presents excerpts from the new edition of Selected Issues in Equity Compensation, which provides in-depth coverage of topics like administrative issues, securities laws, etc., as they relate to equity compensation plans such as employee stock options and employee stock purchase plans (ESPPs). It is a required text in the Certified Equity Professional (CEP) program. (National Center for Employee Ownership)http://www.nceo.org/pubs/selectedissues.html New edition of The Stock Options Book- (Found July 5, 2008 ) The NCEO presents excerpts from the new edition of The Stock Options Book, a comprehensive guide to employee stock options. The book also covers employee stock purchase plans (ESPPs). It is a required text in the Certified Equity Professional (CEP) program. (National Center for Employee Ownership)http://www.nceo.org/pubs/stockbook.html U.S. Incentive Plans, EU Employees and Conflicts of Law (PDF)- (Found July 5, 2008 ) 4 pages. Excerpt: "This newletter summarises important new incentives and employment law developments affecting US employers with operations in Europe." (Paul, Hastings, Janofsky & Walker LLP)http://paulhastings.com/assets/publications/809.pdf?wt.mc_ID=809.pdf Latest Options Backdating Settlement First to Include Consultant- (Found July 5, 2008 ) Excerpt: "Cablevision Systems Corp has agreed to a $34.4 million settlement of an investor lawsuit over its stock options award practices." (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/pi_type10/?RECORD_ID=41728 Brocade Settles with Arkansas Pension System over Backdating Charges- (Found July 5, 2008 ) Excerpt: "The law firm representing the Arkansas Public Employees Retirement System (APERS) in a securities fraud class action against Brocade Communications regarding the backdating of stock options announced it has reached a $160 million settlement." (PLANSPONSOR.com; free registration required)http://www.plansponsor.com/pi_type11/?RECORD_ID=41699 |