TRANSCENTIVE RELEASES EXPRESS EQUITY™ SUITE OF PRODUCTS, VERSION 11.0
TRANSCENTIVE RELEASES EXPRESS EQUITYTM SUITE OF PRODUCTS, VERSION 11.0
Enhances Net Settled Exercise and Retirement Eligibility Functionality
SHELTON, CONN., Sept. 9, 2009 - Transcentive, the equity plan solutions provider of choice for over 2,000 companies worldwide and part of the Computershare group of businesses, todayannounced the release of version 11.0 of the Express EquityTM suite of products, which includes the Express OptionsTM software solution.
Through the enhanced Express OptionsTM application, employee equity plan administrators will gain an unprecedented array of data control and reporting features related to "net-settled exercises," which are also commonly known as "immaculate exercises." Additionally, users will have the ability to calculate and record retirement eligibility tax events for restricted stock awards and restricted stock units when a plan participant reaches retirement eligibility. Financial reports have been enhanced to include more flexibility surrounding expected term calculations. Express OptionsTM software now supports multiple expected term calculations including the simplified method under the SEC Staff Accounting Bulletin No. 107/110.
"Many of these enhancements are client-driven, including our optimized reporting for tax confirmations, grant reconciliations, and expected term," said Patricia Brown, Director of Technology Solutions for Transcentive. "Feedback from our clients is vital in ensuring that our solutions help them in a fast-changing and complex regulatory environment."
Transcentive is also pleased to announce that they have updated reporting related to EPS dilutions, fiscal calendars, and proxy items.
To find the many new ways the Express OptionsTM solution will enable equity plan administrators to more effectively manage their programs, contact one of the Transcentive Express EquityTM suite sales experts at 1 888 339 4267, ext. 325 or visit www.transcentive.com.
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