stock options

Repricing Stock Options

The Company has determined that the stock option (“Option ”) granted to you on June 7, 2004 in respect of 30,000 shares of our Series B common stock (“Common Stock ”) at an exercise price of $10.00 per share was granted with an exercise price less than the fair market value of the Common Stock at the time of grant.

[Y]ou and the Company desire to raise the exercise price of the Common Stock in respect of the Option from $10.00 per share to $21.25 per share, which the Company has determined to be the fair market value of the Common Stock on June 7, 2004.

Just a few years ago, companies were racing to reprice stock options that had gone underwater. Now, we have an agreement to reprice an option to a higher exercise price. How about that? Read the full agreement between ExlService Holdings Inc. and Amit Shashank.

celebrities insider trading

Brand It Like Beckham

New York Times: The Butler, a Confidence and a Profit of $48,000. Regulators say they have solved an insider trading mystery: It was the butler in the poolside office with the fax machine. Graham J. Lefford was accused by the Securities and Exchange Commission yesterday of illegally trading on confidential information that he gleaned in 2004 from his boss’s $100 million purchase of a controlling stake of the rights to Elvis Presley’s image and likeness.

You may not have heard of CKX, Inc. (NASDAQ: CKXE), but I’m sure you’ve heard of David Beckham, Muhammad Ali and American Idol. You can find these and other celebrity CKX contracts on the website now.