{"id":143,"date":"2006-10-31T09:31:59","date_gmt":"2006-10-31T17:31:59","guid":{"rendered":"http:\/\/www.onecle.com\/blog\/2006\/10\/31\/repricing-stock-options\/"},"modified":"2006-10-31T09:31:59","modified_gmt":"2006-10-31T17:31:59","slug":"repricing-stock-options","status":"publish","type":"post","link":"https:\/\/www.onecle.com\/blog\/2006\/10\/31\/repricing-stock-options\/","title":{"rendered":"Repricing Stock Options"},"content":{"rendered":"<blockquote><p>The Company has determined that the stock option (\u201cOption \u201d) granted to you on June 7, 2004 in respect of 30,000 shares of our Series B common stock (\u201cCommon Stock \u201d) 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.<br \/>\n&#8230;<br \/>\n[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.\n<\/p><\/blockquote>\n<p>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 <a href=\"http:\/\/contracts.onecle.com\/exlservice\/shashank.opt.2005.07.27.shtml\">ExlService Holdings Inc. and Amit Shashank<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Company has determined that the stock option (\u201cOption \u201d) granted to you on June 7, 2004 in respect of 30,000 shares of our Series B common stock (\u201cCommon Stock \u201d) 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-143","post","type-post","status-publish","format-standard","hentry","category-stock-options"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/143","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/comments?post=143"}],"version-history":[{"count":0,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/posts\/143\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/media?parent=143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/categories?post=143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onecle.com\/blog\/wp-json\/wp\/v2\/tags?post=143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}