The Stock Options Book - Softcover

Rodrick, Scott

Softcover

ISBN 10: 0926902725 ISBN 13: 9780926902725

Publisher: National Center for Employee Ownership, 2001

The Stock Options Book is a comprehensive guide for U.S. companies and their professional advisors who want to set up and maintain employee stock option programs to attract, retain, and reward employees. The book covers legal rules, administrative matters, valuation, accounting, plan design, IPO issues, creating a more productive "ownership culture," special considerations for equity compensation in closely held companies, case studies, new research on how companies are structuring their option plans, common questions and answers for plan participants, and alternative plans such as phantom stock, all with an emphasis on broad-based plans in which most or all employees are offered options.

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From the Publisher:

This book is a required text for the Certified Equity Professional (CEP) program, the nationwide (U.S.), industry-standard program run by the Certified Equity Professional Institute at Santa Clara University in California's Silicon Valley.

From the Author:

This book is intended to give the reader a general overview of how stock options are used in the United States to reward employees for their participation in and commitment to the success of the employer corporation (referred to variously here as the "company" or the "employer"). Stock options are but one of several forms of equity incentives, which may range from outright gifts of stock to specialized restricted stock purchase arrangements. For the sake of keeping this discussion focused, these other forms of equity incentives are not covered here. There are two basic kinds of stock options: (1) "qualified" or "statutory" stock options, including incentive stock options (ISOs) and employee stock purchase plan (ESPP) options, which are specific creatures of the Internal Revenue Code of 1986, as amended (the "Code"), and (2) all other stock options, called "nonstatutory" or "nonqualified" stock options (NSOs). This book will carefully examine the tax aspects of employee stock options and cite appropriate authority on tax issues. However, although the primary focus of this text is on taxation and design issues related to taxation, the day has long passed when the equity compensation planner could feel free to review tax aspects of employee stock options in a vacuum. Such options are increasingly subject to a complex web of rules regarding their creation and exercise that are unrelated to the Code, including federal and state securities laws, accounting principles, and local (foreign) country laws governing grants made to employees resident outside of the United States. Therefore, as appropriate, this book gives an overview of how non-tax rules apply and indicates the types of issues raised by the interaction of these rules. Readers should note that the non-tax discussion is intended to provide only general planning guidance; where appropriate, I have provided references to authoritative sources on these subjects.

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