Computer Associates 2010 Annual Report Download - page 94

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The following table summarizes the activity of the RSUs under the Plans:
(SHARES IN MILLIONS)
NUMBER
OF SHARES
WEIGHTED AVERAGE
GRANT DATE
FAIR VALUE
Outstanding as of March 31, 2007 1.4 $ 26.86
Restricted units granted 0.2 25.23
Restricted units released (0.6) 27.70
Restricted units cancelled (0.1) 25.06
Outstanding as of March 31, 2008 0.9 $ 27.20
Restricted units granted 0.4 24.02
Restricted units released (0.6) 27.91
Restricted units cancelled (0.1) 24.11
Outstanding as of March 31, 2009 0.6 $ 24.99
Restricted units granted 0.6 17.52
Restricted units released (0.2) 23.13
Restricted units cancelled (0.1) 20.95
Outstanding as of March 31, 2010 0.9 $ 20.51
The total vesting date fair value of RSAs and RSUs released during the fiscal years 2010, 2009 and 2008 was approximately
$64 million, $78 million and $50 million, respectively.
Performance awards
Performance awards under the long-term incentive plans were granted in the first quarter of fiscal years 2010 and 2009. The
fiscal year 2009 and 2008 1-year PSU’s under the long term incentive plans were granted in the first quarter of fiscal years
2010 and 2009, respectively. The table below summarizes the RSAs and RSUs granted under these PSUs:
INCENTIVE PLANS
FOR FISCAL YEARS
PERFORMANCE
PERIOD
SHARES
(MILLIONS)
WEIGHTED
AVERAGE GRANT
DATE FAIR VALUE
SHARES
(MILLIONS)
WEIGHTED AVERAGE
GRANT DATE FAIR
VALUE
RSAs RSUs
2009 1-year 0.9 $18.05 —
(1)
$17.96
2008 1-year 1.8 $26.04 —
(1)
$25.96
(1) Shares granted amounted to less than 0.1 million
The 3-year PSUs under the fiscal year 2007 long-term incentive plan were granted in the first quarter of fiscal year 2010 as
approximately 0.4 million unrestricted shares with a weighted average grant date fair value of $18.05.
Shares were granted under the Fiscal Year 2009 Sales Retention Equity Program in the first quarter of fiscal year 2010. The
table below summarizes the RSAs and RSUs granted under this program:
INCENTIVE PLANS
FOR FISCAL YEARS
PERFORMANCE
PERIOD
SHARES
(MILLIONS)
WEIGHTED
AVERAGE GRANT
DATE FAIR VALUE
SHARES
(MILLIONS)
WEIGHTED AVERAGE
GRANT DATE
FAIR VALUE
RSAs RSUs
2009 1-year 0.5 $18.05 0.2 $17.84
Stock purchase plan
The Company discontinued the Year 2000 Employee Stock Purchase Plan effective with the close of the purchase period on
June 30, 2009. The Purchase Plan was considered compensatory. Under the terms of the Purchase Plan, employees were able
to elect a withholding between 1% and 25% of their base pay through regular payroll deductions, subject to Internal Revenue
Code of 1986 (the Code) limitations. Shares of the Company’s common stock were purchased at six-month intervals at 85%
of the lower of the fair market value of the Company’s common stock on the first or last day of each six-month period.
During fiscal years 2010, 2009, and 2008, employees purchased approximately 0.9 million, 1.5 million and 1.3 million shares,
respectively, at average prices of $14.82, $17.56 and $20.19 per share, respectively.
83