on January 1, 2009, Scooby corporation granted 10,000 options to key executives.
Each option allows the executive to purchase one share of Scooby's $5 par value ordinary shares at a price of $20 per share.
The options were exercisable within a 2-year period beginning January 1, 2011,
if the grantee is still employed by the company at the time of the exercise.
On the grant date, Scooby's shares were trading at $25 per share,
and a fair value option-pricing model determines total compensation to be $450,000
on January 1, 2009, Scooby corporation granted 10,000 options to key executives. Each option allows the executive to purchase one share of Scooby's $5 par value ordinary shares at a price of $20 per share. The options were exercisable within a 2-year period beginning January 1, 2011,if the grantee is still employed by the company at the time of the exercise.On the grant date, Scooby's shares were trading at $25 per share, and a fair value option-pricing model determines total compensation to be $450,000
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