Ameritrade Increases Line of Credit and Begins Expensing Stock Options.Business Editors OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb.--(BUSINESS WIRE)--Dec. 18, 2003 Ameritrade Holding Corporation (Nasdaq:AMTD AMTD Arithmetic Mean Temperature Difference AMTD Automatic Magnetic Tape Distribution AMTD Affordability and Manufacturing Technology Demonstration ) has increased its revolving line of credit Revolving line of credit A bank line of credit on which the customer pays a commitment fee and can take and repay funds at will. Normally a revolving LOC involves a firm commitment from the bank for a period of several years. with its bank group to $75 million from the previous $50 million and extended the term through December December: see month. 13, 2004 on substantially the same terms. One additional bank was added to the group, which now totals four banks. Ameritrade has also announced that it will expense the cost of all stock options the Company grants, beginning with any options granted in fiscal 2004. The Company has adopted Statement of Financial Accounting Standards No. 123 under the prospective transition method. All future employee stock option grants will be expensed over the stock option vesting Vesting The process by which employees accrue non-forfeitable rights over employer contributions that are made to the employee's qualified retirement plan account. Notes: period based on the fair value at the date the options are granted. About Ameritrade Holding Corporation Ameritrade Holding Corporation has a 28-year history of servicing self-directed self-di·rect·ed adj. Directed or guided by oneself, especially as an independent agent: the self-directed study of a language. self investors. Ameritrade develops and provides innovative brokerage products and services tailored to meet the varying investing and portfolio management needs of individual investors and institutional distribution partners. With 3 million client accounts, Ameritrade, Inc.,(1) a subsidiary of Ameritrade Holding Corporation, is a leader in the online brokerage business, recently receiving Forbes "Best of Web" honors as well as an overall four-star rating, and a top rating for "Ease of Use" and "Research Amenities" on the Barron's 2003 Online Broker Survey. For more information, please visit www.amtd.com. (1) Ameritrade, Inc., member NASD/SIPC |
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