Autodesk 2014 Annual Report Download - page 151

2013 Annual Report
2014 Form 10-K 77
Foreign Exchange
Contracts
Fiscal Year Ended
January 31,
2014 2013
Amount and Location of Gain Recognized in Income on Derivative
Interest and other (expense) income, net $ 12.8 $ 1.5
3. Employee and Director Stock Plans
Stock Plans
As of January 31, 2014, Autodesk maintained two active stock plans for the purpose of granting equity awards to
employees and to non-employee members of Autodesk’s Board of Directors: the 2012 Employee Stock Plan (“2012 Employee
Plan”), which is available only to employees, and the Autodesk 2012 Outside Directors’ Stock Plan (“2012 Directors' Plan”),
which is available only to non-employee directors. Additionally, there are eight expired or terminated plans with options
outstanding. The exercise price of all stock options granted under these plans was equal to the fair market value of the stock on
the grant date.
The 2012 Employee Plan was approved by Autodesk's stockholders and became effective on January 6, 2012. On
January 14, 2014, Autodesk's stockholders approved amendments to the 2012 Employee Plan, which increased the number of
shares reserved for issuance under the plan by 11.4 million shares and added additional performance goals to the plan. The 2012
Employee Plan replaced the 2008 Employee Stock Plan, as amended ("2008 Plan") and no further equity awards may be
granted under the 2008 Plan. The 2012 Employee Plan reserves up to 32.6 million shares which includes 26.6 million shares
reserved under the 2012 Employee Plan, as well as up to 6.0 million shares forfeited under certain prior employee stock plans
during the life of the 2012 Employee Plan. The 2012 Employee Plan permits the grant of stock options, restricted stock units
and restricted stock awards. Each restricted stock unit or restricted stock award granted will be counted against the shares
authorized for issuance under the 2012 Employee Plan as 1.79 shares. If a granted option, restricted stock unit or restricted
stock award expires or becomes unexercisable for any reason, the unpurchased or forfeited shares that were granted may be
returned to the 2012 Employee Plan and may become available for future grant under the 2012 Employee Plan. As of
January 31, 2014, 14.1 million shares subject to options or restricted stock awards have been granted under the 2012 Employee
Plan. Options and restricted stock that were granted under the 2012 plan vest over periods ranging from immediately upon grant
to over a three year period and options expire 10 years from the date of grant. The 2012 Employee Plan will expire on June 30,
2022. At January 31, 2014, 19.4 million shares were available for future issuance under the 2012 Employee Plan.
The 2012 Director's Plan was approved by Autodesk's stockholders and became effective on January 6, 2012. The 2012
Directors' Plan replaced the 2010 Outside Directors' Stock Plan, as amended ("2010 Plan"). The 2012 Directors' Plan permits
the grant of stock options, restricted stock units and restricted stock awards to non-employee members of Autodesk’s Board of
Directors. Each restricted stock unit or restricted stock award granted will be counted against the shares authorized for issuance
under the 2012 Directors' Plan as 2.11 shares. As of January 31, 2014, 0.4 million shares subject to restricted stock unit awards
have been granted under the 2012 Directors' Plan. Restricted stock units that were granted under the 2012 Outside Directors'
Plan vest over one to three years from the date of grant. The 2012 Directors' Plan reserved 2.6 million shares of Autodesk
common stock. The 2012 Directors' Plan will expire on June 30, 2022. At January 31, 2014, 2.2 million shares were available
for future issuance under the 2012 Director's Plan.
The following sections summarize activity under Autodesk’s stock plans.
Stock Options:
A summary of stock option activity for the fiscal year ended January 31, 2014 is as follows: