Classmates.com 2009 Annual Report Download - page 135
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Table of Contents
UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
9. STOCK-BASED COMPENSATION PLANS (Continued)
Stock options granted to employees generally vest over a three- or four-year period under a variety of vesting schedules and are canceled
upon termination of employment. Stock options granted to non-employee directors generally vest over a nine-month to three-year period, either
monthly or annually. Stock option grants expire after ten years unless canceled earlier due to termination of employment or Board of Directors
service. Certain stock option grants are immediately exercisable for unvested shares of common stock, with the unvested portion of the shares
remaining subject to repurchase by the Company at the exercise price until the vesting period is complete.
Upon the exercise of a stock option award, the vesting of a restricted stock unit or the award of common stock or restricted stock, shares of
common stock are issued from authorized but unissued shares.
The following table summarizes the aggregate shares reserved for issuance and the shares available for grant under the Company's equity
plans at December 31, 2009 (in thousands):
The Company cannot grant restricted stock units from the Classmates Online, Inc. 2004 Stock Plan.
Stock-Based Compensation
The following table summarizes the stock-based compensation that has been included in the following captions within the consolidated
statements of operations for each of the periods presented (in thousands):
F-31
Aggregate
Shares
Reserved for
Issuance
Shares
Available
for Grant
2001 Stock Incentive Plan
27,676
3,693
2001 Supplemental Stock Incentive Plan
5,253
390
Classmates Online, Inc. 2004 Stock Plan
1,128
553
FTD Group, Inc. 2005 Equity Incentive
Plan
1,462
516
Total
35,519
5,152
Year Ended December 31,
2009 2008 2007
Operating expenses:
Cost of revenues
—
services
$
943
$
1,049
$
884
Cost of revenues
—
products
43
—
—
Sales and marketing
5,472
7,250
4,031
Technology and development
4,856
6,410
4,941
General and administrative
28,766
21,818
9,693
Total stock-based
compensation
$
40,080
$
36,527
$
19,549
Tax benefit recognized
$
7,890
$
8,952
$
4,529