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VRSN » Topics » Exercise Price

This excerpt taken from the VRSN DEF 14A filed Apr 10, 2006.

Exercise Price

 

The exercise price of stock options or stock appreciation rights granted under the 2006 Plan may not be less than 100% of the closing price of VeriSign stock on the day of grant. In the event a grant is made on a day when the Nasdaq National Market (or other applicable principal national securities exchange on which VeriSign’s common stock is traded) is closed, the fair market value will be determined as of the next trading day. On December 31, 2005, the last sale price of VeriSign’s common stock was $21.90 per share as reported by the NASDAQ National Market.

 

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