"If the SP was up at $60 do you think his recently assigned options would be the same?"
groins I certainly don't think that the assigned options would be the same if the share price was up at $60 but I am having difficulty trying to get your point. The method for calculating the option prices is included in the remuneration policy and is based on the share price. The recently approved options were issued on 15 September and have a strike price of $24. The shares were trading in a range of $20.60 to $21.40 in the couple of weeks prior. The only benefit I can see for the CEO is that he doesn't have to stump up as much cash to convert his oppies but I am not the sharpest tool in the pack and perhaps I have missed something.
Further Update on Edwards, page-40
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