LegalCaseDocs.com
shopping cart  
  |     
Search
 

 
New Visitors


 VeriSign Secure Site

 Get Adobe Reader

GREENWALD v SIEBEL Click to find out why . . .



Keywords & Phrases
CaseNo: C.A. No. 18,162, CourtCode: CC, CourtName: IN THE COURT CHANCERY FOR THE STATE OF DELAWARE, Plaintiff: GREENWALD, State: DE Delaware, UniqueCaseRef: DE>CC>00018162, Stock, Plan, Ssi, Grant, Market, Exercise Price, Incentive Stock, Nonstatutory Stock, Fair Market, Siebel, Common Stock, Shares, Ofthe, Times Material Hereto, Directors, Cancellation, Pricing, Uniform Practice, Policy, Stock Split, Violation, Delaware Corporation, Nominal Defendant, Alleges, National Market, Compensation Committee, Prior, Granting , ContentID: 120240256

Case Documents
1 2000-07-30 COMPLAINT
[ see first page and extracted highlights below  ] ItemID: 101025
6 pages
PDF
Total Documents: 1 document , 6 pages
Price: $ 19.95


IVESLCD01 KGI0001
 
 

 Forgot your password?


1 . COMPLAINT

EXTRACTED KEY WORDS
PLAN
SSI
DEFENDANT
GRANT
MARKET
EXERCISE PRICE
INCENTIVE STOCK
NONSTATUTORY STOCK
FAIR MARKET
PLAINTIFF
SIEBEL
COMMON STOCK
SHARES
OFTHE
TIMES MATERIAL HERETO
DIRECTORS
CANCELLATION
PRICING
UNIFORM PRACTICE
POLICY
STOCK SPLIT
VIOLATION
DELAWARE CORPORATION
NOMINAL DEFENDANT
ALLEGES
NATIONAL MARKET
COMPENSATION COMMITTEE
PRIOR
GRANTING
             IN THE COURT CHANCERY FOR THE STATE OF DELAWARE

                               IN .AND FOR NEW CASTLE COUNTY

-                       ---
HOWARD GREENWALD,

                Plaintiff,

       V.

THOMAS M. SIEBEL; JAMES C. GAITHER, :
GEORGE T. SHAHEEN; CHARLES R.                       :
SCHWAB; A. MICHAEL  SPBNCE;  and
ERIC E. SCHMIDT,

                Defendants,

       -and-

SIEBEL SYSTEMS, INC.,
a Delaware corporation,

                Nominal Defendant.



                                            COMPLAINT

       Plaintiff alleges upon information and belief, except for paragraph 1 which is alleged upon

knowledge, as follows:

       1.       Plaintiff owns shares  ofthe common stock of nominal defendant, Siebel Systems, Inc.

("SSI" or the "Company"), and has owned such shares at all times material hereto.

       2.       Plaintiff `brings this action derivatively, in the right and for the benefit of SSI.

       3.       Nominal defendant SSI is a Delaware corporation that is a provider of e. Business

applications. SSI has approxirnately 199.6 million shares of stock outstanding which are traded on

the Nasdaq  National Market.



           4.     Defendant Thomas M. Siebel ("Siebel") is the Chairman of the Company's Board of

SNIPPETS:
  • Plaintiff alleges upon information and belief, except for paragraph 1 which is alleged upon
  • Plaintiff owns shares ofthe common stock of nominal defendant, Siebel Systems, Inc.
  • Plaintiff `brings this action derivatively, in the right and for the benefit of SSI.
  • Nominal defendant SSI is a Delaware corporation that is a provider of e.
  • the Nasdaq National Market.
  • Board's compensation committee and has been such at all times material hereto.
  • are directors of SSI and have been such at all times material hereto.
  • SSI's .Board adopted the 1996 Equity Incentive Plan.
  • The 1996 Plan provided, inter alia, for "Incentive Stock Options" and "Nonstatutory
  • Plan defines "Nonstatutory Stock Options" as options not intended to qualify as Incentive
  • The 1996 Plan provides that the "exercise price of each Incentive Stock Option shall
  • If the Common Stock is listed on any established stock exchange or national market system,
  • defendants' uniform practice and policy with respect to grants of Nonstatutory Stock
  • The October 1998 Grant was publicly reported in SSI's 1999 proxy statement dated April 1,
  • On or about November 15, 1999, SSI effected a 2 for 1 stock split.
  • the (cancellation of any outstanding Options.
  • De.fendants knew the express terms ofthe 1996 Plan regarding the pricing of cancelled and
  • Options, but chose to act in violation of the terms of the 1996 Plan and their practice and
  • or defendants' uniform practice and policy in granting Nonstatutory Stock Options under the
  •    |