Option Grant Agreements Require Rigorous Management, Just Like All Other Contract-Based Processes

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	Option Grant Agreements Require Rigorous Management, Just Like All Other Contract-Based Processes

	Even with no intended malevolence, failure to maintain a clear audit trail regarding options grants and pricing practices can lead to severe consequences ranging from stiff penalties to costly re-pricing procedures, earnings restatements, and possibly a degradation of market confidence and severe depreciation in shareholder value. The good news is that it really is quite simple to avoid these dire events by ensuring that legal contracts documenting options grants are signed by the company and its employees receiving options. These contracts, like any other contracts, must be specific as to exact terms and conditions, and must be managed carefully.

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Bill Roeschlein
Vice President and
Chief Financial Officer
Selectica, Inc.

Bill Roeschlein has more than 15 years of senior financial management, investment banking, domestic and international accounting, and public accounting experience, with expertise in Sarbanes-Oxley compliance and revenue recognition processes for software transactions. Prior to joining Selectica, Mr. Roeschlein was Vice President of Finance & Corporate Controller of Ultra Clean Technology, a $250 million publicly traded contract manufacturing company with operations in the US and Asia. In this position, he was responsible for worldwide accounting and reporting, financial planning & analysis, tax, treasury and stock administration. Previously, Mr. Roeschlein was controller of Asyst Technologies in both Fremont, CA and Tokyo, Japan. Before that, he held financial positions at Houlihan Lokey Howard & Zukin, Hewlett-Packard and Coopers & Lybrand.

Mr. Roeschlein is a Certified Public Accountant, and has a Master of Business Administration in Finance from Cornell University and a Bachelor of Arts in History/Business from the University of California, Los Angeles.