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Software Release Update | March 2008

Journal Entries Now Included On The Expense Report

StockVantage has an entirely new section on the Expensing Report to provide the summarized journal entries for the period. This includes the debits/credits to Compensation Expense, Contributed Surplus, Share Capital, Additional Paid-In-Capital, and Deferred Tax.

This further simplifies the process at your quarter-end, ensuring that you can complete all your stock-based compensation calculations in just a few minutes and be certain that they are 100% accurate.

In addition, the Expensing Report has been updated to make it easier to read and use. The default report view has been split into four tabs showing the calculation of:

  1. Total Expense
  2. Amortization for the reporting period
  3. DTA/APIC Effect for the reporting period
  4. Journal Entries

The StockVantage software is constantly evolving to improve stability, increase performance and stay current with new and refined features. These revision updates show major improvements that have been made over the past to help make StockVantage even better.

Using the Midpoint for Calculating Expected Life

To make calculating the midpoint simple and accurate, StockVantage has a new selection for automatically calculating the ‘midpoint’ in terms of expected life for a grant. When setting up your black-scholes assumptions on a new grant, you can simply select 'mid-point' from the drop-down menu and you will have your answer.

For more information about the midpoint, refer to U.S. Securities and Exchange Commission bulletin

Other Noteworthy Updates...

ISO Limit Report

A new ISO Limit Report has been added which will allow you to easily view any individual who has exceeded the $100k limit for incentive options along with the specific details including the vest year and number of options.

Streamlined Reporting Menu

The reports page has been updated to organize reports in a prioritized order. Specifically, all reports used for financial statements are now conveniently grouped at the top of the reports page. You can now calculate stock-based compensation expense, note disclosures, and dilution in the exact format you require and in just a few clicks.

Awards Outstanding by Range - Group by Expiry Date

We noticed that a number of our smaller clients preferred to disclose the remaining contractual life of their options using exact expiry dates. To make this a snap, the Awards Outstanding by Range report now allows you to group by expiry date, along with the expiry year or by grant price range.

Alternative Vest Start Date

For companies that base vesting on a unique date such as the employee's start date, a new Alternative Vest Base Date feature has been added. Now a standard vesting template can be applied to multiple individuals while calculating their vesting based on unique date in each case.