This excerpt taken from the VRSN 8-K filed Jun 27, 2006.
VeriSign Responds to Stock Option Inquiries
MOUNTAIN VIEW, CA., June 27, 2006 On June 26, 2006, VeriSign, Inc. received a grand jury subpoena from the U.S. Attorney for the Northern District of California requesting documents relating to VeriSigns stock option grants and practices. VeriSign intends to cooperate fully with the U.S. Attorneys Office in connection with this subpoena.
VeriSign has also received an informal inquiry from the Securities and Exchange Commission requesting documents related to VeriSigns stock option grants and practices. VeriSign is voluntarily responding to this request and intends to cooperate fully with the Securities and Exchange Commission.
Prior to receiving either of these requests, VeriSigns Board of Directors had commenced an internal review and analysis of VeriSigns historical stock option grants. This internal review is continuing. The Board of Directors is being assisted in its review by independent legal counsel.