HR-XML 3.0 Standards, 2009 September 23.
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StockOptionExerciseOrder is used to transmit instructions to a broker regarding when and how to exercise the options. A StockOptionExerciseOrder typically would be initiated by a participant through the stock option plan administrator. The order would typically be responded to with an acknowledgement (AcknowledgeStockOptionExerciseOrder or merely ConfirmBOD). After the broker exercises the order, a message based on the StockOptionExerciseConfirmation noun may be sent back to the stock option plan administrator or sponsor to confirm the sale.
Obviously, there are many steps and preconditions before the exercise of a stock option. See Chapter 32, Stock Plan Scenarios. The stock option must be exercisable. The exercise of stock options are subject to conditions, such as waiting and blackout periods. Assuming the stock option is exercisable, the immediate event triggering the collaboration would be participant's election to exercise the option.