HP 2012 Annual Report Download - page 107

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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:
2012 2011 2010
In millions, except
weighted-average
purchase price per share
Compensation expense, net of taxes ................................ $ — $ — $ —
Shares purchased .............................................. 6.21 1.75 1.62
Weighted-average purchase price per share ........................... $ 17 $ 25 $ 47
2012 2011 2010
In thousands
Employees eligible to participate ...................................... 301 261 251
Employees who participated ......................................... 21 18 18
Shares Reserved
Shares available for future grant and shares reserved for future issuance under the ESPP and
incentive compensation plans were as follows:
2012 2011 2010
Shares in thousands
Shares available for future grant at October 31 ................... 152,837 172,259 124,553(1)
Shares reserved for future issuance under all stock-related benefit plans
at October 31 .......................................... 270,498 319,602 296,973
(1) Includes 30 million shares that expired in November 2010.
Note 3: Net Earnings Per Share
HP calculates basic earnings and loss per share and diluted loss per share using net earnings or
loss and the weighted-average number of shares outstanding during the reporting period. Diluted
earnings per share includes any dilutive effect of outstanding stock options, PRUs, restricted stock units
and restricted stock.
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