Starbucks bails out some employee stock options - Puget Sound Business Journal (Seattle):

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Stock options are considered “under if their exercise price is higher than the currentr value ofthe stock. The Seattle coffee giant is institutinga “stock option exchangwe program” that’s set to expire May 29. Unde the program, employees can surrender theit options thatare “under for a lesser amount of new optionxs with a lower exercise price. “It’s a way to reward our partners’ contributionas by allowing them to benefit from potential increasew in ourstock price,” Starbucks (NASDAQ: SBUX) officials said in a filingy with the Securities and Exchange Eligible employee stock options affected by the program have an exercisre price per share greate than $19 and were granter prior to Dec.
1, 2007.