Overstock.com 2010 Annual Report Download - page 46

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Table of Contents
fair value of our common stock on the date of the grant and compensation expense is recognized on a straight line basis over the three year vesting schedule.
The weighted average grant date fair value of restricted stock units granted during the years ended December 31, 2010, 2009 and 2008 was $13.17, $10.15
and $12.64, respectively.
The following is a summary of restricted stock unit activity (amounts in thousands, except per share data):
2010 2009 2008
Units
Weighted
Average
Grant Date
Fair Value Units
Weighted
Average
Grant Date
Fair Value Units
Weighted
Average
Grant Date
Fair Value
Outstanding—
beginning of year 640 $ 11.35 449 $ 12.69 — $ —
Granted at fair
value 302 13.17 366 10.15 491 12.64
Vested (185) 11.52 (110) 12.64 — —
Forfeited (72) 11.50 (65) 11.55 (42) 12.13
Outstanding—end of
year 685 $ 12.08 640 $ 11.35 449 $ 12.69
Restricted stock units vest over three years at 25% at the end of the first year, 25% at the end of the second year and 50% at the end of the third year.
During the years ended December 31, 2010, 2009 and 2008, we recorded stock based compensation related to restricted stock units of $3.5 million,
$2.6 million and $1.4 million, respectively.
At December 31, 2010, approximately 685,000 restricted stock units were outstanding. On January 22, 2011, we granted 225,000 additional restricted
stock units.
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