Class of Options

Class of Options

Option contracts of the smae type (call or put) and Style (American, European or Capped) that cover the same underlying security.

Class of Options

All option contracts of the same type and style on the same underlying security. For example, when one speaks of a class of options, one may refer to all the American-style calls on Google. This includes all expiration dates and strike prices, but not contracts of different types, such as puts or European-style options.
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382-2T(h)(4) states that stock options, warrants, convertible debentures, or any other instrument that would entitle its holder to stock, are considered to be exercised only if they were to produce an ownership change; this "deemed exercise rule" is applied separately to each class of options, each option holder and each combination of holders.
For this purpose, the deemed exercise rules apply separately to each class of options and to each 5% shareholder, each holder of an option who could be a 5% shareholder if the option were deemed exercised, and each combination of such persons.