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At one extreme, where it is clear that top management was guilty of conscious wrongdoing in backdating, attempted to conceal the backdating by falsifying documents, and where the backdating resulted in a substantial overstatement of the company's profitability, SEC enforcement actions and even criminal charges have resulted.Toward the other extreme, where the backdating was a result of overly informal internal procedures or even just delays in finalizing the paperwork documenting options grants, not intentional wrongdoing, there is likely to be no formal sanction—although the company may have to restate its financial statements to bring its accounting into compliance with applicable accounting rules.Numerous financial analysts replicated and expanded upon the prior academic research, developing lists of companies whose stock price performance immediately after options grants to senior management (the purported dates of which can be ascertained by inspecting a company's Form 4 filings, generally available online at the SEC's website) was suspicious.

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Cases of backdating employee stock options have drawn public and media attention.As a result, numerous companies are conducting internal investigations to determine if, when, and how backdating occurred, and are filing amended earnings statements and tax forms to show the issuance of “in the money” options in place of the “at the money” options that were previously reported.This is not always the case, according to a ruling by federal judge William Alsup of the U. District Court for the Northern District of California.It allegedly failed to inform investors, or account for the options expense(s) properly.Since the advent of stock option backdating, corporate policies have moved first toward a posture of encouraging backdating as a standard business practice, but then toward a posture of avoidance as public scandals emerged and investigations into fraudulent or dishonest business practices increased despite a commonly held belief that backdating was an acceptable and legal practice.Many companies' stock option plans provide that stock options must be granted at an exercise price no lower than fair market value on the date of the option grant.If a company grants options on June 1 (when the stock price is 0), but backdates the options to May 15 (when the price was ) in order to make the option grants more favorable to the grantees, the fact remains that the grants were actually made on June 1, and if the exercise price of the granted options is , not 0, it is below fair market value.We do that with the style and format of our responses.Options backdating is the practice of altering the date a stock option was granted, to a usually earlier (but sometimes later) date at which the underlying stock price was lower.When company executives discovered that they had the ability to backdate stock option grants, thus making them both tax deductible and “in the money” on the date of actual issuance, the common practice of stock option backdating for financial gain began on a widespread level.The problem with this practice, according to the SEC, was that stock option backdating, while difficult to prove, could be considered a criminal act.

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  • Backdate - Wiktionary

    Englishedit. Alternative formsedit. back-date. Etymologyedit. back + date. Verbedit. backdate third-person singular simple present backdates, present participle backdating, simple past and past participle backdated. To give or assign a date to a document that is earlier than the current date, to antedate.…

  • Backdating your Jobseeker's Allowance - WhatDoTheyKnow

    Backdating your. Jobseeker's Allowance. Please read these notes before filling in this form. JSA5 04/13. How to use this form. Use this form to apply for your Jobseeker's Allowance to be backdated for any days before your present claim for. Jobseeker's Allowance started. You must use a separate form for each period you.…

  • Can a W-9 form be backdated? - Accountants Community

    Why do you need to backdate? They just need your ID number to complete the 1099. Just fill out the form and give it back to them.…

  • Backdate - definition of backdate by The Free Dictionary

    Verb, 1. backdate - make effective from an earlier date; "The increase in tax was backdated to January". effect - act so as to bring into existence; "effect a change". Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. Translations. Afrikaans / Afrikaans. Arabic / العربية. Bulgarian /.…