Setting the date of an employee stock option to an earlier time than when the option was actually granted. This can allow for a more favorable strike price. Backdating the option is not illegal, but the improper disclosure of the activity to the Securities and Exchange Commission is considered illegal.
Related information about options backdating:
- Options backdating - Wikipedia, the free encyclopedia
Options backdating is the practice of altering the date a stock option was granted to an earlier date, usually a date on which the underlying stock price was lower.
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