The most common stock options are known as “at the money” options, which let you buy the company’s stock at the price that it had on the day of the grant.
However, it can be permissible under certain circumstances.
For instance, one may backdate an insurance claim if there was an unavoidable delay between the date the insured event occurred and the day the claim was made.
Devonshires has acted for London & Quadrant (L&Q), one of the UK’s leading and prominent housing associations, to help in securing a £500m Bond.
The deal is the social housing sector’s largest own-name bond issue and was completed in two tranches in the form of £250 million 12-year and £250 million 40-year bonds.
In the context of mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g.
Giving retroactive value to purchases from the earlier date.
For example, if one signs a contract on February 1, one may backdate it to January 31.
Backdating is usually illegal; for example, one may use backdating to evade taxes.
The Dating Game, by James Surowiechi, The New Yorker: ..
When news broke, earlier this year, that some companies had backdated stock-option grants ...
Your Housing Group this week has successfully completed its group restructure.