We interpret these findings as evidence that most of the abnormal return pattern around option grants is attributable to backdating of option grant dates.
However, when I told her I had already done my general application for the previous years, she said that was fine and I'd get back dated as the 9 month rule applies to the general application. I ask another adviser and she calls head office and they say they can't back date because I didn't tick the box saying I think I may be eligible.
Every adviser seems to have completely different info and tells me different waiting times. Anyone else noticed complete inconsistency in information?
The board formally grants the stock options to John every year at its January board meeting.
Typically, the grant date of the stock options is the same as the date of the board meeting.
Firms predicted to have backdating problems, but not the subject of publicly revealed investigations, experienced stock price performance during the same period that was remarkably similar to that of firms with publicly revealed investigations.