AMD 2007 Annual Report Download - page 285

Spansion Inc.
Notes to Condensed Consolidated Financial Statements - Continued
(Unaudited)
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the Company’s closing stock price of $8.45 as of
September 28, 2007, which was the last trading day prior to September 30, 2007, which would have been received by the stock option holders had all stock
option holders exercised their stock options as of that date.
The following table summarizes RSU award activity and related information for the period presented:
Number of
Shares
Weighted-
Average
Grant-date
Fair Value
Unvested as of December 26, 2005 (1)
3,604,090 $ 12.00
Granted 362,434 $ 15.23
Cancelled (217,021) $ 13.02
Vested (825,888) $ 12.00
Unvested as of December 31, 2006 2,923,615 $ 12.33
Granted 1,649,837 $ 10.45
Cancelled (219,906) $ 12.19
Vested (899,839) $ 12.17
Unvested as of September 30, 2007 3,453,707 $ 11.48
(1) Unvested shares at the beginning of fiscal 2006 were the shares granted upon the Company’s IPO on December 15, 2005.
4. Net Loss per Share
The Company excluded an aggregate of 18.9 million shares issuable upon exercise of outstanding stock options, upon vesting of outstanding RSUs and
upon conversion of Spansion LLC’s 2.25% Exchangeable Senior Secured Debentures from the calculation of diluted earnings per share for the three and nine
months ended September 30, 2007 because they had an antidilutive effect due to the net losses recorded in those periods.
The Company excluded an aggregate of 16.8 million shares issuable upon exercise of outstanding stock options, upon vesting of outstanding RSUs and
upon conversion of Spansion LLC’s 2.25% Exchangeable Senior Secured Debentures from the calculation of diluted earnings per share for the three and nine
months ended October 1, 2006 because they had an antidilutive effect due to the net losses recorded in those periods.
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Source: ADVANCED MICRO DEVIC, 10-K, February 26, 2008