Activision 2008 Annual Report Download - page 103

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89
Equity-settled instruments
Equity-settled awards are denominated in Euros and the U.S. dollar amounts included in
the table below are only indicative of the original Euro amounts converted as of December 31,
2008, using the balance sheet exchange rate. As such, amounts in U.S. dollars will fluctuate with
changes in future exchange rates. Expense amounts disclosed are converted at average exchange
rates during the years presented, as appropriate.
Restricted Share Plans
Stock Options Plans
Number of
Stock
Options
Outstanding
Weighted
Average
Strike
Price of
Stock
Options
Outstanding
Weighted
Average
Strike
Price of
Stock
Options
Outstanding
Weighted
Average
Remaining
Contractual
Life
Number of
Restricted
Shares
Outstanding
Weighted
Average
Remaining
Period
before
Issuing
Shares
(in Euros) (in U.S.
dollars) (in years) (in years)
Balance as of December 31,
2007....................................... 911,765 €32.0 $46.0 37,188
Exercised(a)........................... (19,166) 20.5 28.6 —
Forfeited................................ (84,748) 79.9 111.6 —
Issued..................................... — — — (22,586)
Cancelled............................... (9,234) 26.3 36.8 (448)
Balance as of December 31,
2008....................................... 798,617 €27.2 $38.0 5.9 14,154 0.3
Exercisable as of
December 31,
2008....................................... 576,915 €26.1 $36.4 —
Vested and expected to vest
as of December 31, 2008...... 798,617 €27.2 $38.0 —
(a) The intrinsic value of options exercised during the year ended December 31, 2008, 2007,
and 2006 was $40.45, $45.29, and $37.36, respectively.
At December 31, 2008, based on end of period exchange rates, there is unamortized
compensation expense of $0.5 million, which will be expensed over the next 1.1 year as follows:
$0.4 million in 2009 and $0.1 million in 2010.