This excerpt taken from the GOOG 8-K filed Apr 16, 2009.
Compensatory Arrangements of Certain Officers
On April 16, 2009, Google is filing a post-effective amendment no. 1 to the registration statement on Form S-3 (File No. 333-142243) to allow executive officer participation in the Transferable Stock Option (TSO) program.
Google will voluntarily disclose the number of options sold by each executive officer in the TSO program, as well as the value realized upon such sales, in Googles Quarterly Reports on Form 10-Q or, for the fourth quarter, Googles Annual Report on Form 10-K.
A copy of the consolidated balance sheets, consolidated statements of income and consolidated statements of cash flows for the quarter ended March 31, 2009 and other financial tables are filed as Exhibit 99.2 to this Form 8-K and are incorporated herein by reference.
On April 16, 2009, Omid Kordestani informed Google of his intention to step down as Senior Vice President, Global Sales and Business Development, effective immediately. Omid will continue to remain an employee of Google and will serve as a Special Advisor, Office of the CEO and Founders.