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PCG » Topics » “Elected Option Value”

This excerpt taken from the PCG 10-K filed Feb 24, 2009.
“Elected Option Value”).
 
The number of shares subject to the Nonstatutory Stock Option shall be determined by dividing the Elected Option Value by the value of a Nonstatutory Stock Option to purchase a single share of Stock as of the Grant Date.  The per share option value shall be calculated in accordance with the Black-Scholes stock option valuation method using the average closing price of Stock during the preceding months of November, December, and January, and reducing the per option value by twenty percent (20%).  The resulting number of shares subject to the Nonstatutory Stock Option shall be rounded down to the nearest whole share.  No person shall receive more than one grant of Nonstatutory Stock Options pursuant to this Section 7.3(a) during any calendar year.
 
(b)           
These excerpts taken from the PCG 10-K filed Feb 22, 2008.
“Elected Option Value”).
 
The number of shares subject to the Nonstatutory Stock Option shall be determined by dividing the Elected Option Value by the value of a Nonstatutory Stock Option to purchase a single share of Stock as of the Grant Date.  The per share option value shall be calculated in accordance with the Black-Scholes stock option valuation method using the average closing price of Stock during the preceding months of November, December, and January, and reducing the per option value by twenty percent (20%).  The resulting number of shares subject to the Nonstatutory Stock Option shall be rounded down to the nearest whole share.  No person shall receive more than one grant of Nonstatutory Stock Options pursuant to this Section 7.3(a) during any calendar year.
 
(b) 
“Elected Option
Value”).

 

The
number of shares subject to the Nonstatutory Stock Option shall be determined by
dividing the Elected Option Value by the value of a Nonstatutory Stock Option to
purchase a single share of Stock as of the Grant Date.  The per share
option value shall be calculated in accordance with the Black-Scholes stock
option valuation method using the average closing price of Stock during the
preceding months of November, December, and January, and reducing the per option
value by twenty percent (20%).  The resulting number of shares subject
to the Nonstatutory Stock Option shall be rounded down to the nearest whole
share.  No person shall receive more than one grant of Nonstatutory
Stock Options pursuant to this Section 7.3(a) during any calendar
year.

 

(b) 

EXCERPTS ON THIS PAGE:

10-K
Feb 24, 2009
10-K (2 sections)
Feb 22, 2008

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