HP 2009 Annual Report Download - page 109
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 2: Stock-Based Compensation (Continued)
The ESPP activity as of October 31 during each fiscal year was as follows:
2009 2008 2007
In millions, except
weighted-average
purchase price per share
Compensation expense, net of taxes ................................ $ 24 $ 58 $ 56
Shares purchased .............................................. 6.16 9.68 8.74
Weighted-average purchase price per share ........................... $ 33 $ 36 $ 39
2009 2008 2007
In thousands
Employees eligible to participate ................................... 260 164 161
Employees who participated ...................................... 49 50 51
Shares Reserved
Shares available for future grant and shares reserved for future issuance under the ESPP and
incentive compensation plans were as follows:
2009 2008 2007
Shares in thousands
Shares available for future grant at October 31:
HP plans ............................................. 95,311(1) 117,655 136,392
Assumed Compaq and EDS plans ........................... 82,449(2) 73,147 45,312
177,760 190,802 181,704
Shares reserved for future issuance under all stock-related benefit plans
at October 31 .......................................... 410,977 498,574 549,045
(1) Includes 24,267,000 shares that expired in November 2009.
(2) In November 2009, HP retired the assumed Compaq and EDS plans for purposes of granting new
awards. The shares that had been reserved for future awards under those plans were returned to
HP’s pool of authorized shares and will not be available for issuance under any other HP plans.
HP had 21,494,000 shares of common stock reserved at October 31, 2007 for future issuances
related to conversion of its zero-coupon subordinated notes, which were redeemed in March 2008.
Note 3: Net Earnings Per Share
HP calculates basic earnings per share using net earnings and the weighted-average number of
shares outstanding during the reporting period. Diluted EPS includes any dilutive effect of outstanding
stock options, PRUs, restricted stock units, restricted stock and convertible debt.
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