Autodesk 2011 Annual Report Download - page 142

AUTODESK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
A reconciliation of the change in Autodesk’s Level 3 items for the fiscal years ended January 31, 2011 and
2010 was as follows:
Fair Value Measurements Using
Significant Unobservable Inputs
(Level 3)
Money Market
Funds
Taxable
Auction-Rate
Securities Total
Balance at January 31, 2009 ..................................... $33.3 $ 7.6 $ 40.9
Transfers into (out of) Level 3 ................................ — — —
Redemptions(1) ........................................... (23.3) — (23.3)
Total realized/unrealized gains (losses) included in earnings ........ — — —
Balance at January 31, 2010 ..................................... 10.0 7.6 17.6
Transfers into (out of) Level 3 ................................ — — —
Redemptions(1) ........................................... (11.7) (3.4) (15.1)
Total realized/unrealized gains (losses) included in earnings ........ 1.7 — 1.7
Balance at January 31, 2011 ..................................... $ — $4.2 $ 4.2
(1) The redemptions of $10.0 million and $23.3 million for fiscal years ended January 31, 2011 and 2010,
respectively, are from the International Fund.
Note 4. Employee and Director Stock Plans
Stock Plans
As of January 31, 2011, Autodesk maintained two active stock option plans for the purpose of granting
equity awards to employees and to non-employee members of Autodesk’s Board of Directors: the 2008
Employee Stock Plan, as amended and restated (“2008 Plan”), which is available only to employees, and the
2010 Outside Directors’ Option Plan, as amended (“2010 Plan”), which is available only to non-employee
directors. Additionally, there are seven expired or terminated plans with options outstanding. The exercise price
of all stock options granted under these plans was equal to the fair market value of the stock on the grant date.
The 2008 Plan was originally approved by Autodesk’s stockholders in November 2007. On June 10, 2010,
Autodesk’s stockholders approved amendments to the 2008 Plan, which increased the number of shares reserved
for issuance under the plan by 15.5 million shares in addition to 0.5 million shares that remained available for
issuance under the plan prior to the amendment, and extended the term of the plan to June 2013. The 2008 Plan
permits the grant of stock options, restricted stock units and restricted stock awards; however, no more than
2.5 million of the shares reserved for issuance under the 2008 Plan may be issued pursuant to awards of restricted
stock units. Options and restricted stock units granted under the 2008 Plan vest over periods ranging from
immediately upon grant to over a four year period and options expire within four to ten years from the date of
grant. At January 31, 2011, 15.1 million shares were available for future issuance under the 2008 Plan.
The 2010 Plan, which was approved by the stockholders in June 2009 and replaced the 2000 Directors’
Option Plan (“2000 Plan”), became effective March 16, 2010. The 2010 Plan permits the grant of stock options
and restricted stock awards to non-employee members of Autodesk’s Board of Directors. Options and awards
granted under the 2010 Plan vest over periods ranging from one year to over a four year period and options
expire within seven years from the date of grant. The 2010 Plan reserved 2.5 million shares of Autodesk common
stock, plus 0.5 million shares that remained available for issuance under the 2000 Plan. At January 31, 2011,
2.8 million shares were available for future issuance. The 2010 Plan will expire in March 2020.
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