409A – June 2021
409A – June 2021 · DLOM models
Protective-put models auditors commonly accept for restricted stock.
Chaffee (1993)
0.00%
Finnerty (2012)
0.00%
Longstaff (1995)
0.00%
Concluded DLOM
0.00%
DLOM models
Assumptions
- Fair market value
- $1.2800
- Volatility
- 0.0%
- Time to liquidity (years)
- 0.0
- Risk-free rate
- 0.00%
- DLOM (Apply)
- 0.0%
Chaffee (1993) — Protective-put models auditors commonly accept for restricted stock.
Finnerty (2012) — average-strike put; no insider information assumed.
Longstaff (1995) — look-back put; treated as an upper bound.