Friday, April 20, 2007

Google's transferable stock option program begins next Monday

We might get some questions about this:
For holders of vested Google stock options, the company is pioneering a first-of-its-kind program of Transferable Stock Option (TSO) program next Monday in certain countries. (The U.S. is one of these countries.) "The intent of the TSO program is to help Googlers maximize the value you receive from your stock options by allowing you to auction off your vested options as an alternative to exercising them," according to information from an SEC filing made today (April 20.).

I had trouble getting onto the Investor Information on the Google company website this morning (perhaps too much demand?) but if you access any of the databases for which we can access SEC filings, (Edgar Online I-Metrix, Audit Analytics, Thomson Research, Mergent, Lexis-Nexis, or the free SEC, www.sec.gov., you can find information that the company has filed on the TSO. A printed version of a presentation made to Google employees on Jan. 11, 2007 explaining the program is available. On Edgar Online I-Metrix, look for filings made April 19 and April 20, 8-ks, S-8 Pos, and the FWP. (Google also announced its first quarter earnings yesterday, April 19.)

No comments: