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Commission Adopts Exemptions from Exchange Act Registration Requirements for Compensatory Employee Stock Options
3 Jan 2008
On December 7, 2007, the U.S. Securities and Exchange Commission (the “Commission”) adopted exemptions from the registration requirements of Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for compensatory employee stock options. Release No. 34-56997. The exemptions, proposed on July 5, 2007, amend Rule 12h-1 under the Exchange Act and apply to stock options issued by both private companies (companies that do not have a class of securities registered under Section 12 of the Exchange Act and are not subject to the reporting requirements of Section 15(d) of the Exchange Act) and public companies.
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