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InfoSpace overhauls employee stock option plan SEATTLE, Jan 15 (Reuters) - InfoSpace Inc. (NasdaqNM:INSP - news), a syndicator of content and services to Web sites and wireless network operators, said on Tuesday it is overhauling an employee stock option plan to take into account the steep fall in the company`s share price. ADVERTISEMENT InfoSpace would give employees the option to buy one share of stock for every 10 shares they could have bought under the old plan, the company said in a regulatory filing with the Securities and Exchange Commission. Additional ``compensatory`` options would be granted to some employees, the company said. The new options would replace those with exercise prices of more than $10 a share, it said. InfoSpace shares, which once traded at well over $100 at the height of the dot-com boom, have fallen from a 52-week high of $9.75 to $2.68 in early afternoon trading on Tuesday. ``We intend to provide our eligible employees with the benefit of owning options that over time may have a greater potential to increase in value,`` InfoSpace said in the filing. The Bellevue, Washington-based company said it would reserve about 1.5 million shares that could be exchanged for the nearly 15 million old options, and would also set aside 2 million compensatory shares. InfoSpace said it did not expect to grant the new options until mid-August because it believed the delay would allow it to sidestep an accounting rule that would force it to record the options as a compensation expense, which could affect its income statements. |
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| aus der Diskussion: | InfoSpace-(charttechnische Betrachtung) |
| Autor (Datum des Eintrages): | Verlusthasser (15.01.02 19:53:51) |
| Beitrag: | 139 von 7,020 (ID:5342238) |
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