Underwater Stock Options
Comprehensive guidance for companies facing
underwater employee stock
Welcome to Radford's Underwater Exchange Portal — a comprehensive resource for Human Resources, Legal and Finance professionals providing guidance on addressing the challenge of underwater employee stock options.
- Underwater Exchange Approaches
- Option Exchange Ratio Calculator
- Companies Executing Underwater Exchanges - Lists and Research Summary
- Topic 718 Accounting Implications
- Shareholder Considerations
"I've never sent an e-mail thanking consultants before but Radford's work on National Semiconductor's options exchange program exceeded my expectations. Jon Burg and his project team did an outstanding job partnering with the internal and external organizations involved with the project, easing the entire process. I appreciate their hard work and highly recommend Radford for future projects."
"Given our long-time relationship with Radford and their leading expertise with underwater option programs, there was no question which consulting firm we would use for Fairchild's stock option exchange. Their strength in valuation, modeling and FAS 123(R) accounting is top-notch. Further, their service is outstanding, turn-around time great and market knowledge always helpful."
"We chose to work with Radford because of their specific expertise with these unique programs. Their combination of extensive client experience with underwater exchanges and deep FAS123(R) valuation knowledge is unmatched. Radford was able to work with our senior-level, cross-functional team and facilitate decision making on complex design issues, carefully balancing both shareholder and employee perspectives in the process."
"We completed our option exchange and have received a lot of positive feedback from people who participated in the program. Today I was reflecting on projects and things that have gone well with the team over the past year and this is one of them. We couldn't have done it without Radford."