eBay 2010 Annual Report Download - page 127

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eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
grant additional equity awards, change the mix of grants between stock options and restricted stock units or
assume unvested equity awards in connection with acquisitions.
Stock Option Activity
The following table summarizes stock option activity under our equity incentive plans as of and for the year
ended December 31, 2010 (in thousands, except per share amounts):
Shares
Weighted
Average
Exercise
Price
Weighted Average
Remaining
Contractual Term
Aggregate
Intrinsic
Value
Outstanding at January 1, 2010 ......................... 54,048 $22.28
Granted and assumed ................................. 8,425 $23.57
Exercised .......................................... (11,957) $14.25
Forfeited/expired/cancelled ............................ (6,609) $29.21
Outstanding at December 31, 2010 ...................... 43,907 $23.67 4.18 $279,229
Expected to vest ..................................... 41,749 $23.83 4.08 $262,930
Options exercisable .................................. 29,051 $26.02 3.33 $145,841
The aggregate intrinsic value of options was calculated as the difference between the exercise price of the
underlying awards and the quoted price of our common stock. At December 31, 2010, options to purchase
29.3 million shares of common stock were in-the-money.
The weighted average grant-date fair value of options granted during the years 2008, 2009 and 2010 was
$7.46, $4.59 and $6.77, respectively. During the years 2008, 2009 and 2010, the aggregate intrinsic value of
options exercised under our equity incentive plans was $83.0 million, $69.7 million and $140.7 million,
respectively, determined as of the date of option exercise.
Restricted Stock Units
A summary of the status of and changes in restricted stock units granted (including performance-based
restricted stock units that have been earned) under our equity incentive plans as of December 31, 2010 and
changes during the year ended December 31, 2010 is presented below (in thousands, except per share amounts):
Shares
Weighted Average
Grant-Date
Fair Value
(per share)
Outstanding at January 1, 2010 ......................... 42,241 $18.13
Awarded ........................................... 15,843 $24.12
Vested ............................................ (14,920) $20.28
Forfeited ........................................... (4,816) $19.70
Outstanding at December 31, 2010 ...................... 38,348 $19.55
Expected to vest at December 31, 2010 .................. 31,699
During the years 2008, 2009 and 2010, the aggregate intrinsic value of restricted stock units vested under
our equity incentive plans was $55.4 million, $115.5 million and $362.8 million, respectively.
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