This excerpt taken from the VRSN 8-K filed Jan 4, 2007.
The Options Election is not conditioned upon this Options Election being accepted with respect to a minimum number of the outstanding eligible options, but the Options Election is subject to customary conditions. This Options Election shall not be deemed to ratify any purportedly unauthorized stock options.
Our common stock is traded on the Nasdaq National Market under the symbol VRSN. On December 20, 2006 the closing price of our common stock was $24.61 per share. You should evaluate current market quotes for our common stock, among other factors, before deciding to participate in this Options Election.