Electronic Arts' recently proposed employee stock options program hasn't gone into effect yet, but the company has already made some tweaks to the formula. As the plan was originally introduced, employees with stock options that allowed them to buy stock at 115 percent of the stock's open market price or more would be able to trade them for restricted stock rights at a 3-to-1 or 4-to-1 ratio, depending on the options. EA has adjusted that in advance of seeking shareholder approval for the program. Now the options need to be at least 125 percent of the company stock's value before becoming eligible for trade. Furthermore, EA has reserved the right to cancel the deal entirely if it averages a closing price of $55 or higher for the five days before the program's beginning. EA stock closed today's trading at $45.15, down slightly from its $45.19 opening.
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