New Rules SEC
i) Effective for years after December 15, 2006
ii) New Disclosures mandated
(1) Fair value of options on grant date
(2) Value of grant per 123R
(3) Closing price market price on the date of grant if it's greater than exercise price of the award
(4) The date the compensation committee or board took action to grant an award if that date is different than actual grant date.
(5) Also if exercise price of an option grant differs from closing market price per share on the grant date companies should include a description of the method for determining the exercise price.