Zynga 2012 Annual Report Download - page 103

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The following table shows a summary of ZSU activity for the year ended December 31, 2012 (in thousands,
except weighted-average fair value and remaining term):
Outstanding ZSUs
Shares
Weighted-
Average
Grant Date
Fair Value
Aggregate
Intrinsic Value of
Unvested ZSUs
Unvested as of December 31, 2011 ............................... 79,818 $11.24 $751,090
Granted ................................................ 29,614 8.28
Vested ................................................. (28,427) 11.16
Forfeited and cancelled .................................... (24,357) 11.65
Unvested as of December 31, 2012 ............................... 56,648 $ 9.56 $133,690
2011 Employee Stock Purchase Plan
Our 2011 Employee Stock Purchase Plan (“2011 ESPP”), was approved by our board of directors in
September 2011 and by our stockholders in November 2011 and amended in August 2012. The maximum
number of shares of our Class A common stock that may be issued under our 2011 ESPP is 8,500,000 shares.
The number of shares of our Class A common stock reserved for future issuance under our 2011 ESPP will
automatically increase on January 1 of each year, beginning on January 1, 2012, and continuing through and
including January 1, 2021, by (i) the lesser of 2% of the total number of shares of our capital stock outstanding as
of December 31 of the preceding calendar year or (ii) 25,000,000 shares.
Our 2011 ESPP permits participants to purchase shares of our Class A common stock through payroll
deductions up to 15% of their earnings. Unless otherwise determined by the administrator, the purchase price of
the shares will be 85% of the lower of the fair market value of our Class A common stock on the first day of an
offering or on the date of purchase. The ESPP offers a twelve month look-back. Participants may end their
participation at any time during an offering and will be refunded their accrued contributions that have not yet
been used to purchase shares. Participation ends automatically upon termination of employment with us.
As of December 31, 2012, there were $4.7 million employee contributions withheld by the Company. In
2012, the Company recognized $5.5 million of stock-based expense related to 2011 ESPP.
Common Stock Reserved for Future Issuance
As of December 31, 2012, we had reserved shares of common stock for future issuance as follows (in
thousands):
December 31, 2012
Common stock warrants 695
Stock options outstanding 80,819
ZSUs outstanding 56,648
2011 Equity Incentive Plan 61,580
2011 Employee Stock Purchase Plan 21,205
220,947
95