Zynga 2013 Annual Report Download - page 99

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Table of Contents
The following table shows stock option activity for the year ended December 31, 2013 (in thousands, except weighted-average exercise
price and remaining contractual term):
The aggregate intrinsic value of options exercised during the years ended December 31, 2013, 2012, and 2011 was $85.9 million, $222.4
million, and $78.2 million, respectively. The total grant date fair value of options that vested during the years ended December 31, 2013, 2012,
and 2011 was $12.8 million, $7.6 million, and $17.5 million, respectively.
The following table shows a summary of ZSU activity for the year ended December 31, 2013 (in thousands, except weighted-average fair
value and remaining term):
2011 Employee Stock Purchase Plan
Our 2011 Employee Stock Purchase Plan (“2011 ESPP”), was approved by our Board in September 2011 and by our stockholders in
November 2011 and amended in August 2012. On December 31, 2013, the maximum number of shares of our Class A common stock that were
authorized to be issued under our 2011 ESPP was 33.7 million 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. The ESPP
contains an automatic reset feature such that if the fair market value of our Class A common stock has decreased from the original offering date,
the offering will automatically terminate and all participants will be re-enrolled in the new, lower-priced offering. Participants may end their
participation at any time during an offering and will be
95
Outstanding Options
Stock Options
Weighted
-
Average
Exercise
Price
Aggregate
Intrinsic Value of
Stock Options
Outstanding
Weighted
-
Average
Contractual Term
(in years)
Balance as of December 31, 2012
80,819
$
1.52
$
100,225
7.43
Granted
7,557
3.56
Forfeited and cancelled
(16,962
)
2.75
Exercised
(30,333
)
0.60
Balance as of December 31, 2013
41,081
$
2.07
$
83,089
7.02
As of December 31, 2013
Exercisable options
23,125
$
0.88
$
67,443
5.79
Vested and expected to vest
35,591
$
1.55
$
80,036
6.80
Outstanding ZSUs
Shares
Weighted
-
Average
Grant Date
Fair Value
Aggregate
Intrinsic Value of
Unvested ZSUs
Unvested as of December 31, 2012
56,648
$
9.56
$
133,690
Granted
76,602
3.33
Vested
(23,339
)
8.62
Forfeited and cancelled
(42,914
)
6.14
Unvested as of December 31, 2013
66,997
$
4.96
$
254,589