8x8 2015 Annual Report Download - page 75

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Stock
-
Based Compensation
The following table summarizes stock-based compensation expense (in thousands):
Stock Options, Stock Purchase Right and Restricted Stock Unit Activity
Stock Option activity under all the Company's stock option plans since March 31, 2012, is summarized as follows:
68
Years Ended March 31,
2015
2014
2013
Cost of service revenue
$
692
$
372
$
211
Cost of product revenue
-
-
-
Research and development
1,495
967
428
Sales and marketing
3,748
2,217
1,363
General and administrative
3,412
4,039
632
Total stock
-
based compensation expense
related to employee stock options
and employee stock purchases, pre
-
tax
9,347
7,595
2,634
Tax benefit
-
-
-
Stock based compensation expense related to
employee stock options and employee
stock purchases, net of tax
$
9,347
$
7,595
$
2,634
Weighted
Average
Exercise
Number of
Price
Shares
Per Share
Outstanding at March 31, 2012
6,034,335
$
1.90
Granted
932,000
5.80
Exercised
(835,246)
1.49
Canceled/Forfeited
(139,545)
4.00
Outstanding at March 31, 2013
5,991,544
2.52
Granted
1,465,400
9.66
Exercised
(1,283,470)
2.75
Canceled/Forfeited
(171,092)
5.25
Outstanding at March 31, 2014
6,002,382
4.14
Granted
1,110,466
7.29
Exercised
(1,326,385)
1.87
Canceled/Forfeited
(458,556)
6.06
Outstanding at March 31, 2015
5,327,907
$
5.19
Vested and expected to vest at March 31, 2015
5,327,907
$
5.19
Exercisable at March 31, 2015
3,243,325
$
3.35