Stox 1.67.981 released

12/19/2007

This release brings two reports related to Aggregate Intrinsic Value for shares outstanding and exercisable, and Intrinsic Value for shares exercised, to give details behind the numbers found on the Option Activity Summary report.


Please read releases log for more, or

visit our downloads page and request a fully functional product demo.


Highlight from our previous releases:


There are new allocation methods for the Expense Allocation reports.

We have improved Straight Line model according to the rule in paragraph 42 of FAS 123R.


We have added Vest Line allocation method that calculates expenses proportionally to the number of shares vested inside reporting period.


There is a new system table Option Vesting Details that stores exact number of shares to vest per each vest date and it is a support to StoxEMPOWER web module.


System task in options related to RSP grants so they can be used along other grants in the Expense Allocation report.


Exercise Details report to help with APIC Pool.


In July 2007 we brought interface to our new product called StoxEMPOWER. It is an on-line employee login system. Please read more here.

There are modifications to the Option Activity Status report for plans that allow non-vested shares to be exercised.


In January 2007 we have added changes to the Expense Allocation report related to expense adjustments - system now reports expense adjustments upon option vesting date, which is to be used to true-up expenses previously reported using the unvested forfeiture rate estimate.


We have improved our binomial valuation model, increased its precision, and added expected term calculation for the model results.


At the end of September 2006, we brought modifications to the report formerly known as Expense Allocation APB25, which now works and calculates expenses both for discounted stock options and restricted stock, using intrinsic value on the grant date.


Forensic Accounting Auto Backup.
In addition to the existing Backup task, it is now possible to automatically save all your data on system exit. System creates date and time stamped backups and allows you to go back in time and choose backup data you want to work on.


Edgar OnLine xml submission has been updated in July 2006.


In order to meet FAS123R requirements for restricted stock, we have modified our Option Activity Summary report, which is used for 10Q reporting - there is a new check box that will report only Restricted Stock.


There are updates to the Expense Allocation reports, with possibility to use estimated forfeiture rate.

There is an additional report that helps you estimate forfeiture rate for unvested shares.

Forecast record now contains two columns - one for Post-vesting termination rate (binomial model input) and unvested Forfeiture rate.


Options Activity Summary report is upgraded for FAS123R compliant 10Q reporting - there is modified nonvested roll-forward summary table.

In order to review details for each summary presented at the Option Activity Summary report there are upgrades to the Option Valuation report as well.


There are additional reporting inputs added to the most of Options related reports, which allows more detailed way to select information you want to print.


There are additional Export buttons added to the valuation related reports, which allows you to export reported data into various file formats and use it outside of the Stox software, present it to your external auditors, etc.


In addition to the FAS 123R compliant binomial lattice valuation model,
our latest Easy Options/ESPP Custom (tm) software release allows you to break
Expense Allocation per your company division/department.

FAS 123R compliant valuation model requires two new valuation parameters:
- post-vesting termination rate, specified per year at the valuation forecasts table, and
- suboptimal exercise factor, specified at the option valuation screen.

System provides two reports that, based on historical data, help you to determine these new valuation inputs.

Please note that all releases after 1.45.605 offer improved and fully automatic system upgrade procedure.


Stox Road Map Info* :

- Q2 2007: Stox employee web access client (StoxEMPOWER, MS ASP.NET based)
- Q4 2007: Stox HOSTeD - MS SQL Server based system that will host all your stock option related data

* all dates subject to change without a prior notice