713 Executive Stock Options Option issued by a company to executives When the option is exercised the company issues more stock Usually at-the-money when issued Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 7.13 Executive Stock Options • Option issued by a company to executives • When the option is exercised the company issues more stock • Usually at-the-money when issued