Hi, I would like to know the treatment of the following A director has an option of 20,000 shares at a grant value of 4 at 2005 Conditions are 1- remains employed till 2008 2- increases profit by 20%
The shares will vest at the earlier of 2008 and when target is achieved
It was estimated that the target will be achieved in 2006
End of 2006, it was realized that the target won’t be achieved till 2008.