Defining Stock Option Grants

Type a code for the stock option grant pool.

Select whether or not the grant is active.

Select the stock code for the stock used for the stock option grant.

Type the date of the grant.

Type the price of the grant.

This is the default price that those receiving options would pay for a share of the stock when they exercise the option.

Type the date this grant expires. If you select Incentive in the Type field and leave this field blank, the expiration date will be the grant date plus 10 years.

Select whether the grant is an incentive or non-qualified stock option grant.

Select an employee group. Only employees in this group are eligible for this stock option grant. If you leave this field blank, any employee can be enrolled.

Once employees are enrolled in a stock option grant, the employee group criteria will not control their participation. They will continue to stay in the grant.

Type total number of shares available for this grant pool. This will be updated for stock splits.

Select whether or not the forfeited shares should be returned to the stock option as available pool.

Select whether or not the expired shares should be returned to the stock option as available pool.

Select the default vesting schedule applied to grant when given to employee. You can overwrite this on Employee Stock Option Grant Mass Entry (BN33.1).

Select the type of schedule used to determine vesting; for example, annual, semi-annual, quarterly, and so on.

Select the default date used to start the employee vesting calculations. If you are using a vesting schedule, you must enter either a value in this field or a date in the next field.

Type the default date used to start the employee vesting calculations. If you are using a vesting schedule, you must enter either a date in this field or a value in the previous field.

Type the date on which employees will become 100 percent vested (cliff type vesting). If you type a value in this field, leave the other vesting fields blank.

Select whether or not vesting will stop upon an employee's termination.

For example, select Yes in this field to stop the vesting upon termination. If an employee is terminated when he or she is 80 percent vested, it would continue at 80 percent until their shares were moved by batch program to forfeited.

Select No stop the vesting upon termination. If an employee is terminated when he or she is 50 percent vested the employee will continue vesting according to the vesting schedule until their shares are moved by a batch program to forfeited.

Type the fair market value. If you leave this field blank, it defaults from Stock Definition (BN07.1).

Type the market valuation date. If you leave this field blank, the date defaults from Stock Definition (BN07.1).

Select whether or not employee grants for this stock option grant will be available for web viewing.

Select whether or not employee grants for this stock option grant can be viewed by managers.

Type an exchange rate to compute an alternate base grant price.