29
August 2009 Release Webinar Submit questions to: [email protected] Our conference will begin momentarily
August 2009 Release WebinarSubmit questions to: [email protected]
Our conference will begin momentarily
Agenda
• Welcome• Report Builder• Exercise Functionality• Employee/NE Status Change
Accounting• Other Enhancements
– Universal DBI– Private Company Report Enhancements– Cash Settled RSU/PSU Support
• September SP
Report Builder
• Phase 1 of several phases moving toward User-defined reports.
• For now, applies only to a subset of existing reports (mostly under Activity Tab). More will come later.
• Allow for re-sorting, re-labeling, column deletion, limited column addition.
• Starts with standard report , saved per company.
Report Builder Demo
New Exercise Functionality
• Overview – Why we did this• Features• Operation
Overview/Feature Enhancements
• Functionality enhancements:– Plan Parameters
• FMV Definition Expansion• Rounding Rules and Residual Treatment Rules
– Exercise List/Detail Screen• Grant Price Payment Methods and Tax Payment Methods• Share Payment for Grant Price/Tax: STC, WHTC, Stock Swap• Support for SAR Appreciation, ISO Taxation• Settlement Section – to Participant, to Company
– Option Grant Screen• Exercise List added!
– Stock Issuance • Proper issuance for SSAR, Swap.
– Reports• C-SARs• Residual Balance – update for Options/SARs• Exercise Details w/ costs, payment and distribution methods• Vesting / Release details w/ costs, payment and distribution methods• Transfer Agent reports• Transaction Statements• Market Price report update for new fields
EASi’s Exercise functionality has been improved to support our direct and service-provider clients needs.
Plan Parameters
• A very long screen, but highly useful.
Plan Parameters (cont’d)
Use Sale Price FMV Expansion
This functionality takes the place of the flag at the Company Page that said “Compute SDS Using” (Market or Sale price).
Plan Parameters (cont’d)
Share Rounding Rules
Share Calculation Rules
Share Payment Rules
Plan Parameters (cont’d)
Other Plan Parameter Changes• Shares w/h for taxes flag was
removed.
Plan -> Exercise Payment & Share Election Screen
From this screen, users can control the payment method dropdowns on the Exercise Detail page (by award type).
Exercise List
• Added Exercise Sequence Number, Status, Date Approved, Date Transferred, Date Traded.
• On “Select Grant” popup, added Shares Exercised and FMV. FMV Must be populated or must exist in the system to continue. If you enter more shares exercised that exist on the grant, you will be capped at the exercisable shares.
Exercise Detail
If a screen is judged by its length, then we have a very worthy page.
Exercise Detail (cont’d)• Top of Form:
– New Buttons: Elected, Transacted, Settled– Hyperlinks to important information– Taxes and Residual Placed into Taxes– NEW! SAR Appreciation.
Exercise Detail (cont’d)• Save Status and Functionality:
M Modeled: Participant or Advisor Models an Exercise. Full calculation functionality available
E Elected: Participant or Advisor Elects to have the Exercise executed. FMVs, taxable gain, sale price/date, share payments, etc. cleared from database waiting for actual info.
T Transacted: Any shares to be sold have been sold. “Day of” FMVs are available. All info known for all down-stream calculations. All fields open for edits to facilitate corrections.
S Settled: Shares have been issued. Shares and Dollars have been distributed to company and participant. All fields locked-down. No edits allowed.
F Finalized: All downstream process and communications have been completed. (Status is currently in the database, but no new functionality will be built around this status for this release.)
Exercise Detail (cont’d)• Share Elections
– Ability to specify an Election, then the Grant Price Payment, Tax Payment Method, and Share Election Options.
– Elections are pulled from Plan Payment Parameters selections
– New: For Stock Swap, Attestation and Surrender (must enter shares) capability.
– Same 83b Capture.
The screen also shows you your currently selected options (in this case, Unspecified).
Exercise Detail (cont’d)• Broker Trade Activity
– Track Other Shares Sold/Price, Cash From Account and Fees associated with transaction.
– Will also allow for Same Day Sale of shares and a Settlement Date.
Exercise Detail (cont’d)
• Payment From Participant – Computes Currency and Share based
payments for both Grant Price and Tax Payment.
– Share calculations follow Rounding and Residual rules setup at the plan level.
Exercise Detail (cont’d)
• Settlement – Computes Distribution to Company
and Distribution to Participant.– Shows both currency and shares to
be distributed, as well as currencies owed.
Exercise Detail (cont’d)• Additional Notes:
– Exercise Tax Treatment Flag on Participant Record:• 1099 Flag on Participant Record• Where the Participant Record “Exercise Tax Treatment” is set to
Form 1099, no Tax Items should be created for the Exercise. • Hold the Exercise Tax Treatment Flag of “Form 1099 Applicable”• Note that the “Payroll Withholding” flag on the participant record
should be ignored during exercise processing.
Reports – Option/SAR Exercise, CSAR Dist
Reports – Residual Balance Report
Reports – Exercise Confirmation Statement
Reports
Transfer Agent – Share Issuance Request for Options and S-SARs
Exercise Demo
Employee/Non-Employee Accounting
• Proper admin/accounting of status change w/existing grants
• Works for either (EE to NE) or (NE to EE)
• Developing tools to tie out expense
EE/NE Demo
Other Enhancements
• Universal DBI– Designed as “API”– Development work underway w/Several
Brokers
• Private Company Report Enhancements– Phase 1 of multiple– Cap Table Summary and Detail
• Cash Settled RSU/PSU Support– Full Admin Support & Liability Accounting
Remember…
• Release delayed until 8/31• Slippage items coming in Sept.• Exercise Webinars after release
