The SEC "is altering the requirements for disclosing the value of stock option awards and giving firms more flexibility in how they report those expenses." SEC Amends Rules on Disclosing Executive Compensation by Donna Block, The Deal, Dec. 27, 2006. See also SEC Amends Executive Compensation Disclosure To More Closely Align With FAS 123R, Press Release 2006-219 and our prior post: New SEC Rules on Executive Compensation.