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This excerpt taken from the MRVL 10-K filed Jul 2, 2007. Non-employee Grants: Since the inception of the Company,
3,819,000 options were granted to 13 recipients who were not employees or
directors of the Company. These grants were erroneously accounted for under
APB 25 as if they had been made to employees. Of these, four recipients that
were granted a total of 1,483,000 options subsequently became employees or
directors of the Company. As a result, the affected awards were accounted for
as non-employee grants under EITF 96-18, Accounting for Equity
Instruments That Are Issued to Other Than Employees for Acquiring, or in
Conjunction with Selling, Goods or Services, which resulted in the application
of variable accounting on these options until vested or cancelled. Options held
by consultants who became employees or directors of the Company have been
accounted for under FASB Interpretation No. 44, Accounting for Certain
Transactions involving Stock Compensation, which addresses a change in grantee
status.
This excerpt taken from the MRVL 10-Q filed Jul 2, 2007. Non-employee Grants: Since our inception, 3,819,000 options were
granted to 13 recipients who were not employees or directors. These grants were erroneously accounted for
under APB 25 as if they had been made to employees. Of these, four
recipients that were granted a total of 1,483,000 options subsequently became
employees or directors. As a result, the
affected awards were accounted for as non-employee grants under EITF 96-18,
Accounting for Equity Instruments That Are Issued to Other Than
44 Employees for Acquiring, or in Conjunction with Selling, Goods or Services, which resulted in the application of variable accounting on these options until exercised or cancelled. Options held by consultants who became employees or directors have been accounted for under FASB Interpretation No. 44, Accounting for Certain Transactions involving Stock Compensation, which addresses a change in grantee status. This excerpt taken from the MRVL 10-Q filed Jul 2, 2007. Non-employee Grants: Since our inception, 3,819,000 options were
granted to 13 recipients who were not employees or directors. These grants were erroneously accounted for
under APB 25 as if they had been made to employees. Of these, four recipients
that were granted a total of 1,483,000 options subsequently became employees or
directors. As a result, the affected
awards were accounted for as non-employee grants under EITF 96-18, Accounting
for Equity Instruments That Are Issued to Other Than Employees for Acquiring,
or in Conjunction with Selling, Goods or Services, which resulted in the
application of variable
43 accounting on these options until exercised or cancelled. Options held by consultants who became employees or directors have been accounted for under FASB Interpretation No. 44, Accounting for Certain Transactions involving Stock Compensation, which addresses a change in grantee status. This excerpt taken from the MRVL 10-Q filed Jul 2, 2007. Non-employee Grants: Since our inception, 3,819,000 options were
granted to 13 recipients who were not employees or directors. These grants were erroneously accounted for
under APB 25 as if they had been made to employees. Of these, four recipients
that were granted a total of 1,483,000 options subsequently became employees or
directors. As a result, the affected
awards were accounted for as non-employee grants under EITF 96-18, Accounting
for Equity Instruments That Are Issued to Other Than Employees for Acquiring,
or in Conjunction with Selling, Goods or Services, which resulted in the
application of variable accounting on these options until exercised or
cancelled. Options held by consultants who became employees or directors have
been accounted for under FASB Interpretation No. 44, Accounting for Certain
Transactions involving Stock Compensation, which addresses a change in grantee
status.
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