We have gone through a repricing of financial assets that has run its course.

City officials would not discuss the exact cost of that repricing.

He thinks a repricing should also involve a change in the vesting rules.

When the repricing was conducted, in June, the stock was trading at $10 a share.

There are cases in which repricing appears to have worked in shareholders' favor.

But Priceline investors who bought their shares at $50 or higher cannot get a similar repricing.

More important, the study found no evidence that the repricing of options was associated with improvement in the financial performance of the company.

So it's understandable that there's some repricing going on."

Repricing, he found, is even more common among smaller companies, with 2 percent of executives' options repriced annually from 1992 through 1995.

The repricing is somewhat inefficient, but in general the group operates like a well-oiled machine.

The repricing must come quickly enough so that the property is not relegated to the old-listing pile.

Mr. Silverman now acknowledges that the repricing of his own options was a mistake.

Later this month, the company plans to seek investor approval for a planned repricing of executive share options packages to benefit some 3,900 top employees.

By the second year after a repricing, that turnover was nearly 41 percent, versus 28 percent at companies with no repricings.

If all options were accounted as employee compensation expenses, there would be no reason to delay an option repricing's effective date.

It is, I think, leading to a fundamental repricing of air travel," Ridgway said.

The events that triggered a "repricing of risk" in financial markets are well known - even to the man on the Clapham omnibus.

Of course, if the shares had fallen after the repricing, the company would receive a credit, instead of an expense, the accounting board has concluded.

"There should always be an economic trade-off, so a repricing should always involve fewer shares."

The proposals include capping executive pay, limiting golden parachutes and barring the repricing of options.

For example, if an employee were halfway vested in a four-year program, a fairer repricing might extend the vesting by another year.

Mr. Salwen said he expected many companies to adopt this approach, which is more palatable to institutional investors than a straight repricing.

Because of their constant repricing, exchange-traded funds, which track stock and bond indexes, have been conspicuously immune to these problems.

"There are enough firms that know how much institutional investors object to repricing options and would not do it under any circumstances," Professor Yermack said.

They are tired of unseemly practices like the repricing of options to ensure that executives still get windfalls if the stock price falls.

Now you'll be able to come back to the site and reprice your bonds at a later date.

That also gets to the question of repricing stock options when share prices fall.

As options have become more common, the practice of repricing them when a company's stock price falls has also spread.

But some big institutional investors are asking companies to get their approval before repricing.

The reduction would cost the government £12.5bn in lost revenue and retailers £200m as they reprice items.

One solution that is growing in popularity: simply "reprice" the option.

Repricing a stock worth millions is a tricky business.

Those who sold shares during the plunge are being offered the opportunity to reprice the trades at $21.50.

He expects 10 percent to 20 percent of companies to reprice options by next May.

"We think repricing options makes them variable," he said.

And they opposed repricing option grants in a down market without a shareholder vote.

Companies that choose to reprice option grants do not usually publicize the decision.

It pioneered a strategy of repricing options in a way that got around accounting rules.

"And we'd consider repricing or replacing a material amendment."

Kunal came and told them to reprice their dishes immediately as is was too cheap.

But as more companies choose to reprice their option plans, criticism of the practice grows increasingly vocal.

Amazon is apparently the first company since then to reprice its options and accept the accounting blow.

So, in 2002, the board recommended and shareholders approved a plan to reprice the worthless options.

It was the bankers who recommended repricing the deal, according to two executives briefed on the discussion.

But repricing a potential deal can involve more than just computing the percentage decline in the target company's shares.

And new data show that once companies reprice options, there is a good chance they will do it again, becoming serial repricers.

As rumors flew this week of imminent measures, many stores worked overtime, repricing their goods.

Repricing options, so that option holders will not suffer when the share price falls, is one such tactic.

If the bank's liabilities reprice faster than its assets, then it is said to be "liability-sensitive."

But the act of repricing options is being threatened by a change in the rules governing how companies account for options.