Stock option backdating closure letter


02-Jun-2016 23:44

stock option backdating closure letter-75

vary vary hotsax indionas

If the stock is trading at .50 when they exercise the option, they will receive a profit of .00 per share.

American Tower believes the SEC inquiry may have been prompted by an academic study released earlier last week by the Center for Financial Research & Analysis, an independent research firm that identified the tower owner among a group of companies most likely to have backdated options.

May 23, 2006 - American Tower Corporation is facing scrutiny by the United States Attorney for the Eastern District of New York and the Securities and Exchange Commission to identify whether the nation's largest tower site owner backdated stock option grants to its executives. Three more companies were contacted yesterday in the SEC's widening investigation.

On Friday, American Tower said that it had received a letter of informal inquiry from the SEC requesting documents relating to its stock option grants and practices. The Boston-based business was one of 12 companies that had been contacted by the SEC or by a U. Stock options are widely awarded to executives as an incentive to boost the company's share price each year.

CEO John Kelly will only be vested in 254,197 shares awarded to him on February 23 if the company's common stock closes at or above set share prices for any 20 consecutive trading days within the next seven years.The SEC said in their letter that the inquiry should not be construed as an indication that any violation of law has occurred.Last Thursday, Chelmsford, MA software maker Brooks Automation Inc.Earning a total of

CEO John Kelly will only be vested in 254,197 shares awarded to him on February 23 if the company's common stock closes at or above set share prices for any 20 consecutive trading days within the next seven years.

The SEC said in their letter that the inquiry should not be construed as an indication that any violation of law has occurred.

Last Thursday, Chelmsford, MA software maker Brooks Automation Inc.

Earning a total of $1.4 million last year, Steven Moskowitz, who leads U. tower operations, had his own bonus nearly triple to $900,000.

||

CEO John Kelly will only be vested in 254,197 shares awarded to him on February 23 if the company's common stock closes at or above set share prices for any 20 consecutive trading days within the next seven years.The SEC said in their letter that the inquiry should not be construed as an indication that any violation of law has occurred.Last Thursday, Chelmsford, MA software maker Brooks Automation Inc.Earning a total of $1.4 million last year, Steven Moskowitz, who leads U. tower operations, had his own bonus nearly triple to $900,000.

.4 million last year, Steven Moskowitz, who leads U. tower operations, had his own bonus nearly triple to 0,000.

He also received an additional 100,000 options for common stock. American Tower vice chairman Michael Gearon was the company's largest earner last year after realizing an .5 million gain by exercising stock options in a Brazilian cell phone tower subsidiary, according to a recent SEC filing.American Tower was one of 17 companies that had three or more option grants that appeared unusual compared to stock prices just before or after the grant date, according to the center's research director Marc Siegel, noting that his research firm is not stating that American Tower had backdated options, but was a company that had a higher risk profile for options backdating.