Does backdating explain the stock price pattern around
KILLICK, John Reginald - CCA, 4.1.2002 - 127 A Crim R 273O'Keefe J, Smart AJR v Killick  NSWCCA 1Sentence appeal.
Two indictments containing multiple charges: robbery; discharge firearm; escape; assault pilot; detain for advantage; steal MV.
The sentencing judge intended to impose head sentences totalling 28 years and NPPs totalling 15 years, both commencing on .
However, the sentences for each of the offences in Indictment 2 commence on a different and later date from the NPP in respect of such offence.
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The study, published in 1997, identified a strange pattern of extremely profitable option grants, seemingly perfectly timed to coincide with dates on which the shares were trading at a low.This site stores nothing other than an automatically generated session ID in the cookie; no other information is captured.In general, only the information that you provide, or the choices you make while visiting a web site, can be stored in a cookie.Since at-the-money options require a firm's share price to appreciate in order for the executives to profit, they meet the criteria for performance based-compensation and therefore qualify as a tax deduction.
When senior executives realized that they could look backward for the date during which their firm's stock was at its lowest trading price and then pretend that was the date they were issued the stock grants, a scandal was born.
By faking the issue date, they could guarantee themselves in-the-money options and instant profits.