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Google Employees Watch In Horror As 60 Percent Of Their Options go Underwater

Posted by longdongsilver 521 days ago (http://www.techcrunch.com)
Category: Tech | Tags: crisis google meltdown
GOOG is "now trading below the $329 they closed at yesterday. That’s a key price level Google employees are watching because a huge chunk of their options (1.7 million across the company) were granted with a weighted average exercise price of $329.78. The options are worthless under that price. In addition to that, there are another 5.7 million options that were granted at weighted average exercise prices of $450 and above. (see table below). All told, 61 percent of Google’s stock options granted to employees are currently under water."
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