She's saying that shareholders will naively think that the options were really granted on January 2, leaving them suspicious of springloading.It goes without saying that they also won't realize that, in reality, it's all being done a month later.
Sure the accounting rules are arcane and most people don't know them.
But if someone asks you to write down a date from a month ago on a legal document, rather than today's date, doesn't it give you pause?
Don't know if it is legal or not, but then again...
who really stops at a stop sign when no other car is coming or slows down at a yellow light?
You postdate a check by writing a future date on it.