a. How many options did Netflix grant to employees during the year? At what once may Netflix
Question:
a. How many options did Netflix grant to employees during the year? At what once may Netflix employees buy shares in the future for options granted dung 2013?
b. How many options did employees exercise during the year?
c. When employees exercised their options during 2013. How much cash did Netflix receive?
d. Assume that Netflix granted options ‘at the money during 2013. How much yet did employees make on options exercised in 2013?
Required:
| | Options Outstanding | |
| Shares Available for Grant | Number of Shares | Weighted-Average Exercise Price |
Balances as of December 31, 2012 | 4,049,037 | 4,572,952 | 71.33 |
Authorized | __ | __ | __ |
Granted | (642,720) | 642,720 | 208.94 |
Exercised | __ | (1,688,774) | 73.75 |
Balances as of December 31, 2013 | 3,406,317 | 3,526.898 | 95.25 |
Principles of Cost Accounting
ISBN: 978-1305087408
17th edition
Authors: Edward J. Vanderbeck, Maria Mitchell