123r stock options
{"Image DocumentName": "EXPENSING STOCK OPTIONS", "Image ImageDescription": "At January 1, 2011, Universal Communications grants options that permit key executives to acquire 10 million of the company\u2019s  1 par common shares within the next 8 years, but not before December 31, 2014 (the vesting date). The exercise price is the market price of the shares on the date of grant,  35 per share. The fair value of the options, estimated by an appropriate option-pricing model, is  8 per option. The total compensation is allocated to expense over the 4-year service (vesting) period:  80 million \u00f7 4 years =  20 million per year. December 31, 2011, 2012, 2013, 2014 (  in millions) Compensation expense ( 80 million \u00f7 4 years) 20 Paid-in capital \u2013 stock options 20.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}