INFORMATION ON EACH YEARS EMPLOYEE STOCK OPTION PROGRAM for NASDAQ_OMX

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NDAQ » Topics » INFORMATION ON EACH YEARS EMPLOYEE STOCK OPTION PROGRAM

These excerpts taken from the NDAQ 8-K filed Aug 1, 2008.

INFORMATION ON EACH YEAR’S EMPLOYEE STOCK OPTION PROGRAM


	2002	2001	2000
Strike price, SEK	71	175	400
Redemption of shares with effect from	July 2, 2003	June 15, 2002	May 25, 2001
Expiry date	July 2, 2009	June 15, 2008	June 28, 2007
Number of allotted options	733,000	1,100,000	1,400,000
Opening balance	356,000	513,000	666,000
Exercised options	155,000	—	—
Expired and obsolete	6,000	164,000	212,000
Closing balance	195,000	349,000	454,000
Of which fully vested (guaranteed) (guaranteed) Dec 31, 2006	195,000	349,000	454,000
Theoretical value, SEK m¹⁾	11	4	0
Theoretical value per option at issue¹⁾, SEK	15	38	90
Theoretical value per option, SEK, as at Dec 31, 2006	59	11	0
Theoretical dilution²⁾, %	0.2	0.3	0.4
Weighted average share price for redeemed employee stock options during the year	131.66

¹⁾	The theoretical value of allotted options is fixed through an established options valuation model (Black & Scholes) at the time they are allotted. As at December 31, 2006, a volatility of 40 percent has been utilized.

²⁾	Theoretical dilution refers to the maximum number of shares that could be issued were it decided, on execution of redemption, to allot shares through a new share issue. However, to limit such dilution, hedging has been arranged through a “share swap,” meaning that no such dilution will occur.

INFORMATION ON EACH YEAR’S EMPLOYEE STOCK OPTION PROGRAM


	2002	2001
Strike price, SEK	71	175
Redemption of shares with effect from	July 2, 2003	June 15, 2002
Expiry date	July 2, 2009	June 15, 2008
Number of allotted options	733,000	1,150,000
Opening balance	195,000	400,000
Exercised options	152,000	312,000
Expired and obsolete	3,000	34,000
Closing balance	40,000	54,000
Of which fully vested (guaranteed) December 31, 2007	40,000	54,000
Theoretical value, SEK m¹⁾	7	5
Theoretical value per option at issue¹⁾, SEK	15	38
Theoretical value per option, SEK, as at Dec 31, 2007	185	88
Theoretical dilution²⁾, %	0.03	0.05
Weighted average share price for redeemed employee stock options during the year	210.58	—

¹⁾	The theoretical value of allotted options is fixed through an established options valuation model (Black & Scholes) at the time they are allotted. As at December 31, 2007, a volatility of 40 percent has been utilized.

²⁾	Theoretical dilution refers to the maximum number of shares that could be issued were it decided, on execution of redemption, to allot shares through a new share issue. However, to limit such dilution, hedging has been arranged through a “share swap,” meaning that no such dilution will occur.

These excerpts taken from the NDAQ 8-K filed May 2, 2008.

INFORMATION ON EACH YEAR’S EMPLOYEE STOCK OPTION PROGRAM


	2002	2001	2000
Strike price, SEK	71	175	400
Redemption of shares with effect from	July 2, 2003	June 15, 2002	May 25, 2001
Expiry date	July 2, 2009	June 15, 2008	June 28, 2007
Number of allotted options	733,000	1,100,000	1,400,000
Opening balance	356,000	513,000	666,000
Exercised options	155,000	—	—
Expired and obsolete	6,000	164,000	212,000
Closing balance	195,000	349,000	454,000
Of which fully vested (guaranteed) (guaranteed) Dec 31, 2006	195,000	349,000	454,000
Theoretical value, SEK m¹⁾	11	4	0
Theoretical value per option at issue¹⁾, SEK	15	38	90
Theoretical value per option, SEK, as at Dec 31, 2006	59	11	0
Theoretical dilution²⁾, %	0.2	0.3	0.4
Weighted average share price for redeemed employee stock options during the year	131.66

¹⁾	The theoretical value of allotted options is fixed through an established options valuation model (Black & Scholes) at the time they are allotted. As at December 31, 2006, a volatility of 40 percent has been utilized.

²⁾	Theoretical dilution refers to the maximum number of shares that could be issued were it decided, on execution of redemption, to allot shares through a new share issue. However, to limit such dilution, hedging has been arranged through a “share swap,” meaning that no such dilution will occur.

INFORMATION ON EACH YEAR’S EMPLOYEE STOCK OPTION PROGRAM


	2002	2001
Strike price, SEK	71	175
Redemption of shares with effect from	July 2, 2003	June 15, 2002
Expiry date	July 2, 2009	June 15, 2008
Number of allotted options	733,000	1,150,000
Opening balance	195,000	400,000
Exercised options	152,000	312,000
Expired and obsolete	3,000	34,000
Closing balance	40,000	54,000
Of which fully vested (guaranteed) December 31, 2007	40,000	54,000
Theoretical value, SEK m¹⁾	7	5
Theoretical value per option at issue¹⁾, SEK	15	38
Theoretical value per option, SEK, as at Dec 31, 2007	185	88
Theoretical dilution²⁾, %	0.03	0.05
Weighted average share price for redeemed employee stock options during the year	210.58	—

¹⁾	The theoretical value of allotted options is fixed through an established options valuation model (Black & Scholes) at the time they are allotted. As at December 31, 2007, a volatility of 40 percent has been utilized.

²⁾	Theoretical dilution refers to the maximum number of shares that could be issued were it decided, on execution of redemption, to allot shares through a new share issue. However, to limit such dilution, hedging has been arranged through a “share swap,” meaning that no such dilution will occur.

This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

Information on each year’s employee stock option program


	2002	2001	2000

Strike price, SEK	71	175	400
Redemption of shares with effect from	July 2, 2003	June 15, 2002	May 25, 2001
Expiry date	July 2, 2009	June 15, 2008	June 28, 2007
Number of allotted options	733,000	1,100,000	1,400,000
Opening balance	356,000	513,000	666,000
Exercised options	155,000	—	—
Expired and obsolete	6,000	164,000	212,000
Closing balance	195,000	349,000	454,000
Of which fully vested (guaranteed) Dec 31, 2006	195,000	349,000	454,000
Theoretical value, SEK in millions⁽¹⁾	11	4	—
Theoretical value per option at issue⁽¹⁾, SEK	15	38	90
Theoretical value per option, SEK, as at Dec 31, 2006	59	11	—
Theoretical dilution⁽²⁾, %	0.2	0.3	0.4
Weighted average share price for redeemed employee stock options during the year	131.66	—	—

(1) The theoretical value of allotted options is fixed through an established options valuation model (Black Scholes) at the time they are allotted. As at December 31, 2006, a volatility of 40% has been utilized.

(2) Theoretical dilution refers to the maximum number of shares that could be issued were it decided, on execution of redemption, to allot shares through a new share issue. However, to limit such dilution, hedging has been arranged through a “share swap,” meaning that no such dilution will occur.

EXCERPTS ON THIS PAGE:

8-K (2 sections)	Aug 1, 2008

8-K (2 sections)	May 2, 2008

8-K	Feb 20, 2008

NASDAQ OMX Group (NDAQ)

NDAQ » Topics » INFORMATION ON EACH YEARS EMPLOYEE STOCK OPTION PROGRAM

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