Repricing Procedure

When a stock is repriced, optionees surrender their higher-priced stock options in exchange for lower-priced options.

To reprice your stock:

1. Set up the reprice parameters including stock ID, eligibility, and vesting, through the Stock Reprice component.

2. Run the Reprice Eligibility process to determine who can participate in the reprice using the Reprice Eligibility Process page.

3. Print Reprice Election forms and send to plan participants for their acceptance (optional).

4. Enter individuals' elections to participate in the stock repricing using the Reprice Participation page.

5. Run the Reprice Grants process using the Reprice Grants Process page.

6. If necessary, run the Reverse Reprice process using the Reverse Reprice Grants Process page.

Note:

Check the Reprice Messages page after you run any of the reprice processes.