Originally Posted by
relmor2003
"Our long-term incentive program calls for stock options to be granted with exercise prices of not less than fair market value of our common stock on the date of grant and, historically, to vest proportionally over four years, if the employee is still employed by us, with exceptions to this vesting schedule made by the Compensation Committee. We define fair market value as the stock price on the close of business on the day of grant for existing employees and on the close of business the day before hiring for new employees. "-From the preliminary proxy statement from April.
Looks like they did what they said they would do so far.
Heres the line from the proxy statement. No reason for the increase given as far as i can see. Im still looking though.
"2. Approve an amendment to our certificate of incorporation to increase the number of authorized shares of our common stock from 8,000,000,000 to 9,000,000,000 shares. "