
	Where results make sense

Topic: Restricted stock

	CareerJournal \| An Employee Guide To Restricted Stock
		Just as stock options were emblematic of the outsize gains of the 1990s, the movement toward restricted stock partly reflects expectations for more modest market returns down the road.
		The "restricted" in restricted stock refers to the fact that employees can't sell the shares until a certain amount of time passes, often three or four years, and that employees may have to forfeit the shares if they leave.
		Because restricted stock consists of actual shares, rather than the right to buy future ones, and thus is less risky, employers nearly always give workers fewer shares than they would if they were granting stock options.
	www.careerjournal.com /salaryhiring/options/20030714-simon.html (1350 words)

	Rule 144 and Restricted Stock
		Restricted securities are generally those which are first issued in a private placement exempt from registration and which bear a restrictive legend.
		The restrictive legend serves to ensure that the initial, unregistered sale is not part of a scheme to avoid registration while effectuating some broader distribution than the initial sale.
		Since freely-trading, unrestricted stock commands a higher price than restricted stock, often up to twice as high, the benefits of this rule for owners of stock that is traded in a recognized market can be substantial.
	www.feinberglawgroup.com /Rule144.htm (1253 words)

	SSRN-Restricted Stock Notes by David Mayo
		Restricted stock, however, requires the outlay of cash, either to the issuing corporation as a payment for the stock or to the government in payment of the taxes due on its vesting (or issuance, if a section 83(b) election, discussed below, is made).
		A transaction using a restricted stock note, which provides for the payment for restricted stock with a note issued by the employee, if properly structured, was thought to solve all of these problems.
		The restricted stock note provided payment for the restricted stock without the immediate outlay of cash by the employee to the employer, and because full fair market value would be paid for the restricted stock, no taxes would be due if the recipient were to make a section 83(b) election.
	papers.ssrn.com /sol3/papers.cfm?abstract_id=532283 (486 words)

	CareerJournal \| An Employee Guide To Restricted Stock (Site not responding. Last check: 2007-10-29)
		Just as stock options were emblematic of the outsize gains of the 1990s, the movement toward restricted stock partly reflects expectations for more modest market returns down the road.
		The "restricted" in restricted stock refers to the fact that employees can't sell the shares until a certain amount of time passes, often three or four years, and that employees may have to forfeit the shares if they leave.
		Because restricted stock consists of actual shares, rather than the right to buy future ones, and thus is less risky, employers nearly always give workers fewer shares than they would if they were granting stock options.
	careerjournal.com /salaries/benefits/stockoptions/20030714-simon.html (1350 words)

	Restricted Stock or Options? Rethinking Equity Incentive Plans - Business & Securities
		Restricted stock is normally an outright grant of shares to an employee, pursuant to an agreement that limits the employee's right to sell, transfer or pledge that stock until a vesting period has lapsed.
		Stock option agreements also may include additional restrictions on the stock purchased by means of the option.
		While restricted stock must be accounted for as an expense against earnings, it is expensed only when it is no longer subject to forfeiture by the employee who received it.
	www.gcglaw.com /resources/bs/restricted.html (1334 words)

	Restricted Stock and Direct Stock Purchase Plans
		Restricted stock refers to shares whose sale or acquisition is subject to restrictions.
		Restricted stock requires fewer shares to provide a similar level of benefit as compared to what would be needed for options (because awards have value even if the share price declines).
		Relative to other plans, restricted stock is a more complicated approach and can involve significant financial risks for employees if they choose to make a Section 83(b) election in order to receive capital gains treatment on any increase in share value they eventually realize.
	www.nceo.org /library/restricted_stock.html (985 words)

	How Much Is Your Restricted Stock Worth? (Site not responding. Last check: 2007-10-29)
		Because the holder of restricted common stock is prohibited from selling any of the stock for a full year and has additional constraints on the amounts that may be sold for an additional year, the restricted stock is significantly less liquid (and therefore less valuable) than its unrestricted counterpart.
		Because most of the restricted stock studies are dated and there is very little current evidence on the magnitude of discounts for restricted stock, one must be careful in using comparative transactions.
		Another method of quantifying a marketability discount for restricted stock is to determine the cost of portfolio insurance for the length of time the subject block of stock is restricted from trading.
	www.bizval.com /publications/articlelibrary/restrictedstockworth.htm (1247 words)

	Restricted Stock and 83(b) Elections: Issues and Answers
		Restricted property grants, specifically restricted stock grants, are likely to become a more popular compensation vehicle because they are subject to the same accounting treatment as options; they are less dilutive than options, and they are exempt from the new rules governing nonqualified deferred compensation under Internal Revenue Code ("IRC") § 409A.
		Any dividend income received by the employee while the stock is still restricted is treated as compensation to the employee, reported on Form W-2 and 1099 and deductible as a compensation expense to the employer.
		Withholding should be based on the value of the stock on the date of transfer and not the value of the stock on the date the employer is notified of the 83(b) election.
	benefitslink.com /articles/washbull050815.html (1396 words)

	Restricted Stock Essentials
		Restricted stock is a general term that covers at least three types of grants: awards of stock, restricted units, and purchases of stock.
		Restricted stock is being discussed by many companies as a new form of equity compensation.
		Knowledge of the differences among the types of restricted stock and their impact on a company is important for anyone involved in the design or administration of equity compensation plans.
	www.naspp.com /NOE (727 words)

	Beyond Stock Options (phantom stock, SARs, restricted stock, etc.)
		If the underlying stock declines in value from the date of grant so that the SARs have no value, the employee might be more susceptible to entertain an offer to go elsewhere because he or she forfeits no value upon departure.
		Phantom stock awards are universally subject to a vesting schedule for several reasons, not the least of which is to encourage retention.
		If the restricted stock was awarded at no cost to the employee or purchased at a discount, filing a Section 83(b) election causes the employee to recognize compensation income equal to the full fair market value of the stock on the date of award or the amount of the purchase discount.
	www.nceo.org /pubs/beyondstockoptions.html (1037 words)

	Restricted Stock and Rule 144 Sales
		Such funding often relies on so-called "private placements" of restricted securities, and this creates a large pool of restricted stock to be resold in the future.
		Much of the restricted stock spawned by this boom is held by institutions, which are usually well versed in securities law.
		In that case, the shares are said to be restricted, as opposed to free trading.
	www.thebullandbear.com /articles/2002/0302-restricted.html (1537 words)

	Restricted Stock
		Restricted stock - stock that was not registered under the SE 1933.
		Stock bought through a company's stock option plan or private placement will be restricted.
		The buyer will sign something that says the stock is for investment, not short swing profits (2 years (unless left to estate (not heirs))).
	www.speculativebubble.com /stocks-bonds/r/restricteds.shtml (59 words)

	New Trading Network for Restricted Stock - Finance - CFO.com (Site not responding. Last check: 2007-10-29)
		In addition to compensation arrangements, where the use of restricted stock has blossomed thanks to new rules on expensing stock options, it is also issued in connection with private investments in public entities, with mergers, and with reorganizations.
		Restricted Stock Partners has launched a trading network for these securities, which is issued by companies in private, unregistered sales.
		In addition to compensation arrangements — where the use of restricted stock has blossomed thanks to new rules on expensing stock options — the Times observed that it is also issued in connection with private investments in public entities (PIPEs), with mergers, and with reorganizations.
	www.cfo.com /article.cfm/4455912?f=rsspage (288 words)

	R Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
		When a stock is sold short, the seller borrows stock from an owner or custodian and delivers it to the buyer.
		Stocks trade ex-dividend the fourth day before the record date, since the seller will still be the owner of record and is thus entitled to the dividend.
		Stock that must be traded in compliance with special SEC regulations concerning its purchase and resale.
	www.duke.edu /~charvey/Classes/wpg/bfglosr.htm (8530 words)

	Restricted Stock
		Restricted stock grants carry their own requirements and tax rules, which can significantly differ from those of stock options.
		When the restricted stock vests, the full value of the shares at vesting is reported on your...
		Restricted stock is less risky than stock options, which means it has both less...
	www.mystockoptions.com /articles/index.cfm/secID/FA09D413-6C8C-42B6-B431BDBA7787D3E8 (971 words)

	SAMPLE: Memo re community interest in restricted stock and unvested options
		The restricted stock and options should be apportioned with a time rule ratio, but the ratios Husband proposes are incorrect because they mischaracterize the period in which the assets were earned.
		But contrary to Wife's analysis, neither the stock nor the options can be evaluated by the share price as of the separation date because the value of the awards is in the anticipated increase in the stock's price during their term.
		Both the restricted shares and the options are held under a "Stock Incentive Agreement" between Wife and Growth.
	www.quojure.com /samples/archives/comtyinterest.htm (3582 words)

	DTCC to Speed the Handling of Restricted Securities (Site not responding. Last check: 2007-10-29)
		Restricted securities are securities whose transfer is subject to certain transfer and ownership restrictions.
		A restricted security can usually be identified by a legend on the certificate, which contains the terms and conditions of the restrictions on transfer and ownership.
		Restricted Stock Systems, Inc. (RSS) is a leading provider of restricted and control stock management solutions, and for reporting corporate insider transactions.
	www.dtcc.com /PressRoom/2004/restricted_securities.html (687 words)

	Restricted stock - Wikipedia, the free encyclopedia
		Restricted stock, also known as letter stock or restricted securities, refers to stock of a company that is not fully transferable until certain conditions have been met.
		Restricted stock is becoming a more prominent form of employee compensation, particularly to executives.
		It has come to prominence as stock options have fallen out of favor after the excesses of the stock market in the early 21st century.
	en.wikipedia.org /wiki/Restricted_stock (281 words)

	Restricted Stock - An Unrestricted Future (Site not responding. Last check: 2007-10-29)
		"Restricted stock" is a rather boring name for a hot issue.
		But today, restricted stock is rapidly replacing stock options as corporate America's reward of choice for employees.
		The trend towards restricted stock and away from stock options is also a backlash against generous executive compensation packages.
	www.dtcc.com /Publications/dtcc/may04/restricted.html (822 words)

	CEO pay: Restricted stock - Apr. 24, 2003
		As their stock options become worthless, executives are loading up on restricted stock.
		Three years into the longest stock market decline of the post-war period, corporate fat cats are as chubby as ever.
		The median realized gain from exercised stock options last year was $1.7 million, down from $2.1 million in 2001 (an already depressed number).
	money.cnn.com /2003/04/23/pf/investing/CEOs_nextoutrage (965 words)

	Rule 144 Opinions, Restricted Stock Transfers, Attorney Legal Opinions, Stock Legend Removal by Lawyer
		If you own shares of stock in a private company, typically these shares will be restricted.
		If you want to transfer these shares to a third party, restrictions on a stock can be an obstacle to such transfer.
		You may also find restrictions set forth in the agreement which documented your acquisition of the shares.
	www.svbizlaw.com /restricted.stock.htm (364 words)

	Taking Stock of GCs' Compensation
		What was surprising about Blatt's pay package, however, was that the New York-based company opted to award him nearly $6 million in restricted stock grants (the biggest grant on our 2006 GC Compensation Survey), in addition to his already impressive $442,500 salary and $2 million bonus.
		Companies are embracing these stock grants -- which come with certain conditions, like vesting only after a number of years -- in an effort to compensate and retain top-performing chief legal officers.
		Blatt's restricted stock grant alone was double the highest award of 2004.
	www.law.com /jsp/ihc/PubArticleIHC.jsp?id=1152781534386 (1408 words)

	Online NewsHour: Stock Options -- July 10, 2003
		ROBERT MERTON: Well, Microsoft has the largest employee stock option plan in the world, and its cancellation of that program to replace it with restricted stock as the form of grant attempt to create that same incentive or motivation for employees to help grow the company and the value of the company's stock.
		The options will be worthless at the end, whereas, if you'd been given restricted stock, at the end of the restriction period it would be worth whatever Microsoft's stock is worth, so if it's still 27 five years from now, your stock would be worth 27.
		And as a result they may feel that by using restricted stock they'll have a more accurate estimate in the accounting of the expense of their employee compensation costs.
	www.pbs.org /newshour/bb/economy/july-dec03/stocks_7-10.html (1585 words)

	Restricted Stock – Why Are They Regarded with Great Favor?
		Restricted stock options have gained a position due to their advantages over common stock.
		Since this kind of stock depends a lot on the performance of the employees of the company, it is replacing the role that common stock had for executive's compensations.
		Another interesting advantage of restricted stock options is that they can include dividend or voting rights (this is a decision that only the company can make).
	www.estockwise.com /estockwise-articles/restricted-stock-options.htm (554 words)

	Restricted stock grants could cure options mess - Portland Business Journal: (Site not responding. Last check: 2007-10-29)
		Under these programs, the company awards an employee a number of shares of the company's stock subject to vesting restrictions, such as a requirement that employees remain at the company for one year before their awards vest.
		Because the employee receives an outright award of stock, and is not required to actually purchase the shares, companies will typically award fewer shares of restricted stock to employees than were awarded in the past in the form of stock options.
		One of the knocks against restricted stock is that stock awards result in a charge to the company's earnings for accounting purposes.
	portland.bizjournals.com /portland/stories/2004/04/05/focus7.html (1509 words)

	Casino News & Articles - March 3, 2006 (Site not responding. Last check: 2007-10-29)
		“The implementation of these restrictions on ISPs is a clear breach of European law, in particular the freedom of establishment and freedom to provide cross-border services that are set out in Articles 43 and 49 of the EC Treaty and which have subsequently been upheld by the European Court of Justice.
		In another passage, the article states: "Another rationale for gambling restrictions is to target, not the gamblers, but shady dealers who run phony, fraudulent operations - or to protect people from gambling addiction.
		And investing in stocks can be a "gamble" in the sense that "the opportunity to win is predominantly subject to chance" -- as proposed legislation defines gambling.
	casinocashjourney.com /casino_news_mar_03_06.htm (10134 words)

	Casino News & Articles - November 24, 2006 (Site not responding. Last check: 2007-10-29)
		He said this system was a potential barrier to the furtherance of Antigua’s cause and described it as one of the obstacles that needed to be overcome.
		Rising fraud rates and new legal restrictions on Internet gambling have made it essential for online enterprises to know who their customers are, where they are located and how they are connected to the Internet the two companies claim.
		IAS is listed on the Australian Stock Exchange, is subject to independent audit and is licensed in both the United Kingdom and Australia.
	casinocashjourney.com /casino_news_nov_24_06.htm (10178 words)

	[No title]
		Safety Essentials will not ship Stun and Taser products to jurisdictions where they are known to be restricted.
		Safety Essentials strongly suggests that you ascertain, comprehend, and obey all applicable laws with regards to the possession and use of the products you purchase from us.
		A back-order notification will be sent on any item that is not in stock.
	safetyessentials.com /info.html (1250 words)

Try your search on: Qwika (all wikis)