Stock Option and Other Stock Compensation Plans
The issuance of stock to employees, usually in the form of stock options, restricted stock, or stock appreciation rights, is an effective way for both growing and established companies to attract key officers, directors and employees. We are experienced in implementing stock option and other compensation plans, and counsel our clients with respect to the compensatory and tax effects of various devices. We also can assist public companies in registering stock reserved under compensation plans with the SEC, as necessary.
Insider Trading and Short-Swing Profit Compliance
We are experienced in implementing compliance programs for public companies (and their officers, directors and major shareholders) with respect to insider trading and short-swing profit reporting. Because of the SEC’s enforcement in these areas, we proactively work with clients to implement preventive procedures so that potential violations are corrected before they occur, and so that all reports are timely filed.
Anti-Takeover Strategies and Laws
Public companies are often vulnerable to takeover attempts by third parties, and we can counsel our public clients regarding anti-takeover strategies. We are also experienced in the operation of various state anti-takeover statutes.
Rule 144 Transactions
The resale of “restricted securities” by the founders of a company and others can be difficult. We can assist our clients in the resale of these securities into the public market both through Rule 144 and, as applicable, short-form registration of such restricted securities.