Wave Systems Corp. (fka WAVXQ)

[rachelelise]

Kev

As has been posted, stock options now must be expensed under Fas 123(R) starting this year. Previously there wass no requirment although pro forma calculations were required. I am not sure at what level of discount a discounted employee stock purchase plan needs to be expense. I initially assumed the expesne was from the options but maybe a piece is from the discounted plan.

As you know, options are quite common especially for a hi tech company. And if you've been reading lately subject to even more abuse than I thought (and I consult in this area). The discounted purchase paln is also fairly common although I would question the cost/benefit of it for an employer.