Starbucks institutes employee stock option exchange

Starbucks institutes employee stock option exchange
Tags: Coffee / Specialty Beverages, Operations Management
May 21, 2009

San Jose Business Journal: Officials at Starbucks Corp. are giving employees with stock options a chance to swap out their "underwater" options. Stock options are considered underwater if their exercise price is higher than the current value of the stock.

The Seattle coffee giant is instituting a stock option exchange program that's set to expire May 29. Under the program, employees can surrender some options for a lesser amount of new options with a lower exercise price.

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