Blackberry 2013 Annual Report Download - page 150

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Research In Motion Limited
Notes to the Consolidated Financial Statements
In millions of United States dollars, except share and per share data, and except as otherwise indicated
Restricted Share Unit Plan
The Company recorded compensation expense with respect to RSUs of approximately $78 million in the year ended March 2,
2013 (March 3, 2012 - $70 million; February 26, 2011 - $42 million).
A summary of RSU activity since March 3, 2012 is shown below:
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the aggregate closing share price of
the Company’s common shares on March 2, 2013) that would have been received by RSU holders if all RSUs had been vested
on March 2, 2013.
Tax deficiencies incurred by the Company related to the RSUs vested was $10 million for the year ended March 2, 2013
(March 3, 2012 - nil; February 26, 2011 - nil).
In order to comply with its obligation to deliver shares upon vesting, the Company purchases shares via a trustee selected by the
Company or issues new common shares. During the year ended March 2, 2013 the Company purchased 3,005,670 common
shares for total cash consideration of approximately $25 million (March 3, 2012 - 6,316,780 common shares were purchased for
total cash consideration of approximately $156 million). These purchased shares are classified as treasury stock for accounting
purposes and included in the shareholders’ equity section of the Company’s consolidated balance sheets.
As at March 2, 2013, there was $150 million of unrecognized compensation expense related to RSUs that will be expensed over
the vesting period, which, on a weighted-average basis, results in a period of approximately 1.49 years.
34
RSUs Outstanding
Number
(000’s)
Weighted-
Average
Grant Date
Fair Value
Average
Remaining
Contractual
Life in Years
Aggregate
Intrinsic
Value
(millions)
Balance as at Februar
y
27, 2010
1,449 $66.09
Granted durin
g
the
y
ear
1,532 50.45
Vested durin
g
the
y
ear
(177) 67.64
Cancelled durin
g
the
y
ear
(101) 58.34
Balance as at Februar
y
26, 2011
2,703 $57.4
0
Granted durin
g
the
y
ear
7,093 25.33
Vested durin
g
the
y
ear
(359) 60.42
Cancelled durin
g
the
y
ear
(842) 45.73
Balance as at March 3, 2012
8,595 $31.96
Granted durin
g
the
y
ear
11,189 7.94
Vested durin
g
the
y
ear
(2,697) 38.96
Cancelled durin
g
the
y
ear
(1,902) 25.46
Balance as at March 2, 2013
15,185 $ 13.83 1.59 $201