Oracle 2012 Annual Report Download - page 119

ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2012
In June 2012, our Board of Directors declared a quarterly cash dividend of $0.06 per share of our outstanding
common stock payable on August 3, 2012 to stockholders of record as of the close of business on July 13, 2012.
Future declarations of dividends and the establishment of future record and payment dates are subject to the final
determination of our Board of Directors.
Accumulated Other Comprehensive Income
The following table summarizes, as of each balance sheet date, the components of our accumulated other
comprehensive income, net of income taxes:
May 31,
(in millions) 2012 2011
Foreign currency translation gains, net ...........................................
Unrealized losses on derivative financial instruments, net ............................
Unrealized gains on marketable securities, net .....................................
Unrealized losses on defined benefit plans, net .....................................
Total accumulated other comprehensive income ...............................
$ 251
(131)
100
(108)
$ 112
$ 649
(131)
30
(6)
$ 542
14. EMPLOYEE BENEFIT PLANS
Stock-based Compensation Plans
Stock Option Plans
In fiscal 2001, we adopted the 2000 Long-Term Equity Incentive Plan, which provides for the issuance of
non-qualified stock options and incentive stock options, as well as stock purchase rights, stock appreciation rights and
long-term performance awards to our eligible employees, officers and directors who are also employees or consultants,
independent consultants and advisers. During the second quarter of fiscal 2011, our stockholders, upon the
recommendation of our Board of Directors, approved the adoption of the Amended and Restated 2000 Long-Term
Equity Incentive Plan (the 2000 Plan). Upon approval, the termination date of the 2000 Plan was extended by ten years
and the number of authorized shares of stock that may be issued under the 2000 Plan was increased by 388,313,015
shares. Under the terms of the 2000 Plan, options to purchase common stock are granted at not less than fair market
value, become exercisable as established by the Board (generally 25% annually over four years under our current
practice) and generally expire no more than ten years from the date of grant. As of May 31, 2012, options to purchase
399 million shares of common stock were outstanding under the 2000 Plan, of which 177 million were vested. As of
May 31, 2012, approximately 398 million shares of common stock were available for future awards under the 2000
Plan. To date, we have not issued any stock purchase rights, stock appreciation rights, restricted stock-based awards or
long-term performance awards under the 2000 Plan.
In fiscal 1993, the Board adopted the 1993 Directors’ Stock Option Plan (the Directors’ Plan), which provides for
the issuance of non-qualified stock options to non-employee directors. The Director’s Plan has from time to time
been amended and restated, most recently in fiscal 2010. Under the terms of the Directors’ Plan, options to
purchase 8 million shares of common stock were reserved for issuance, options are granted at not less than fair
market value, become exercisable over four years and expire no more than ten years from the date of grant. The
Directors’ Plan provides for automatic grants of options to each non-employee director upon first becoming a
director and thereafter on an annual basis, as well as automatic nondiscretionary grants for chairing certain Board
committees. The Board will determine the particular terms of any such stock awards at the time of grant, but the
terms will be consistent with those of options granted under the Directors’ Plan with respect to vesting or
forfeiture schedules and treatment on termination of status as a director. At May 31, 2012, options to purchase
approximately 3 million shares of common stock were outstanding under the 1993 Directors’ Plan, of which
approximately 2 million were vested. As of May 31, 2012, approximately 1 million shares were available for
future option awards under this plan.
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