November 02, 2005

Mercury Interactive - The investigation found that on 49 occasions since 1995, the stated date of stock option grants was different from the date on which the option had actually been granted. In most cases, the price on the actual date was higher than the price on the stated grant date, the company said.

Landan, Smith and Skaer had been aware of, and to varying degrees participated in the practice, according to a statement from the company.

"Each of them also benefited personally from the practices," Mercury Interactive said.

 

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