Under a stock appreciation rights
plan, an employer transfers only cash to the employees.
Country: USASector: ElectronicsTarget: LeCroy CorpBuyer: Teledyne Technologies IncDeal size in USD: 291mType: Corporate acquisitionStatus: AgreedBuyer advisor: Needham & Co, McGuireWoods LLPComment: Deal size includes stock options, stock appreciation rights
and net debt
The company added that the stock split will affect all issued and outstanding shares of its common stock, common stock underlying stock options, stock appreciation rights
, restricted stock units, warrants and convertible debentures outstanding immediately prior to the effectiveness of the stock split.
Under the newly adopted plan, Kasbar may also convert up to 100,000 stock-settled stock appreciation rights
that expire on 15 March 2013 (SSARs) and sell the shares that he acquires from this exercise and conversion of the SSARs.
Stock-based compensation, including stock appreciation rights
, phantom shares, nonstatutory options, restricted stock and statutory options.
While transition guidance is expected from the Treasury Department before December 21, it is important to note that several popular vehicles for receiving deferred compensation may be noncompliant under the new law, including stock appreciation rights
(SARs), certain severance plans and discounted stock option plans if the exercise price is less than the fair market value of the stock at the date of grant.
409(p)-1T(f), includes many of the instruments used in the context of a closely held company, such as phantom stock or stock appreciation rights
(SARs) (whether receivable in cash or company stock), warrants and stock options, certain nonqualified deferred compensation and potentially, convertible debt.
Also, Richard Bermingham sold 9,789 shares to satisfy the tax obligations resulting from his exercise of stock appreciation rights
pursuant to a 10b5-1(c) trading plan.