Google has repriced the stock options for 15,642 employees (out of about 20,000). All employees were eligible for the program that ended this past Monday.
The reprice stock came in at $308.57. Since Google had been priced at upwards of $747 over a year ago, the repricing option was attractive to many of the search engine's employees.
Other shareholders are not as thrilled as they are stuck with their losses. The repricing could cost Google as much as $400 million in accounting charges.
Google Stockpiling Cash: Storing Nuts For Economic Winter Or Just Plain Nuts?
The Good, The Bad, The Ugly: Google 2008 Review
Google Stock Downgraded to Hold; Local.com Authorizes Stock Repurchase Program