This excerpt taken from the NDAQ 8-K filed Dec 19, 2006.
(ii) Equity Awards to President and CEO
In connection with the amendment and restatement of Mr. Greifelds employment agreement, on December 13, 2006, the Management Compensation Committee of Nasdaqs board of directors approved a grant of 960,000 non-qualified stock options to Mr. Greifeld under the Equity Plan.
Each non-qualified stock option has a ten-year term and exercise price of $35.92, which is equal to the closing price of Nasdaqs common stock on The Nasdaq Global Select Market on the date of grant, December 13, 2006. The options will vest as follows: