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However, when granting options, the details of the grant must be disclosed, meaning that a company must clearly inform the investment community of the date that the option was granted and the exercise price. In addition, the company must also properly account for the expense of the options grant in their financials.If the company sets the prices of the options grant well below the market price, they will instantaneously generate an expense, which counts against income.FILE - In this July 26, 2007 file photo, former Brocade Communications Systems Inc.Chief Executive Gregory Reyes and his wife, Penny, leave the federal building in San Francisco. 18, 2009 tossed out the criminal conviction of Gregory Reyes, the first Silicon Valley executive to go to trial in a stock options scandal that triggered charges against at least a dozen executives.The prosecution countered with a department employee's testimony that she and her colleagues were unaware of any backdating.

"Deliberate false statements by those privileged to represent the United States harm the trial process and the integrity of our prosecutorial system." Schroeder stopped short of accusing the prosecutor of lying to the jury, but said he had told jurors something that the prosecution knew was false, "or at the very least had strong reason to doubt." Jack Gillund, spokesman for U. Attorney Joseph Russoniello, said the office was disappointed by the ruling and declined further comment.Some executives have, well, at least when it comes to their stock options.In order to lock in a profit on day one of an options grant, some executives simply backdate (set the date to an earlier time than the actual grant date) the exercise price of the options to a date when the stock was trading at a lower level. In this article, we'll explore what options backdating is and what it means for companies and their investors. Most businesses or executives avoid options backdating; executives who receive stock options as part of their compensation, are given an exercise price that is equivalent to the closing stock price on the date the options grant is issued.(AP Photo/Paul Sakuma, file) Ran on: Former Brocade CEO Greg Reyes, shown in a 2006 photo, got hit by an ex-employee's testimony in court Wednesday.Ran on: Former Brocade CEO Gregory Reyes, shown walking into court in 2006, should not be considered guilty simply because his company violated accounting rules, his attorney said Thursday.

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