The Implication of ESOARS on Pricing Employee Stock Options

Business Valuation UpdateVol. 13 No. 4
Data and Publications Update
April 2007

Summary

At the end of last January—and as reported in the February BVU, the SEC generally approved the design of a new derivative security developed by Zions Bancorp called ESOARS (Employee Stock Option Appreciation Rights Securities), which could potentially cre ...