The document discusses the adjustment of binary stock options in the event of a merger or consolidation. It outlines how cash, securities, or other property received by stockholders may become the underlying interest of the options. An adjustment panel has the discretion to fix a value for non-cash property received. The document also covers the cessation of trading in options, the automatic exercise of in-the-money options, and the role of an adjustment panel in making decisions regarding stock options. Additionally, it provides information on indexes and their role in determining the value of options.
documents/vol00010-efta01353499-pdf.pdf
{"document_type":"legal","document_subtype":"stock options adjustment","reference_numbers":["EFTA01353499"]}