SiliconBeat

A day after repricing underwater options held by a couple hundred of its employees, Integrated Silicon Solutions filed details Tuesday of a proposed settlement of a lawsuit against the company and some of its current and past executives and members of its board over allegations of stock option backdating.

Although the defendants in the matter — including the company’s chief executive, Jimmy Lee — deny “each and every allegation” made in the complaint, Read the rest of this entry »

Google offered its employees the chance to exchange their underwater options (the company estimated that 85 percent of its employees hold at least some options where the current strike price is higher than where its shares are now trading, rendering them worthless at the moment), according to Read the rest of this entry »

LeapFrog Enterprises, the Emeryville maker of high-tech learning toys, completed an option exchange covering 4.94 million shares, more than half of which belonged to the company’s chief executive, a day after getting shareholder approval last week.

Jeffrey Katz, who became the company’s CEO after serving on its board for six months, was given an option good for 1.2 million shares priced at $10.30, the closing price on July 5, 2006, the day he took over the company’s reins. He also was given options on 950,000 shares that were “premium” priced at $13.33, a third above the market price that day, and an option good for 500,000 priced at $15.49, or two-thirds higher. Read the rest of this entry »