Autodesk 2016 Annual Report Download - page 159

2016 Form 10-K 87
The effects of derivatives not designated as hedging instruments on Autodesk’s Consolidated Statements of Operations
were as follows for the fiscal years ended January 31, 2016, 2015, and 2014, respectively (amounts presented include any
income tax effects):
Foreign Exchange Contracts
Fiscal Year Ended January 31,
2016 2015 2014
Amount and location of (loss) gain recognized in income on derivatives not designated as
hedging instruments
Interest and other expense, net $ (1.7) $ (25.5) $ 12.8
3. Employee and Director Stock Plans
Stock Plans
As of January 31, 2016, Autodesk maintained two active stock plans for the purpose of granting equity awards to
employees and to non-employee members of Autodesk’s Board of Directors: the 2012 Employee Stock Plan (as amended, the
“2012 Employee Plan”), which is available only to employees, and the Autodesk 2012 Outside Directors’ Stock Plan (“2012
Directors' Plan”), which is available only to non-employee directors. Additionally, there are two 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 2012 Employee Plan was approved by Autodesk's stockholders and became effective on January 6, 2012. On June
10, 2015, Autodesk's stockholders approved amendments to the 2012 Employee Plan, which increased the number of shares
reserved for issuance under the plan by 12.5 million shares. The 2012 Employee Plan replaced the 2008 Employee Stock Plan,
as amended ("2008 Plan"), and no further equity awards may be granted under the 2008 Plan. The 2012 Employee Plan reserves
up to 45.1 million shares which includes 39.1 million shares reserved under the 2012 Employee Plan, as well as up to 6.0
million shares forfeited under certain prior employee stock plans during the life of the 2012 Employee Plan. The 2012
Employee Plan permits the grant of stock options, restricted stock units, and restricted stock awards. Each restricted stock unit
or restricted stock award granted will be counted against the shares authorized for issuance under the 2012 Employee Plan as
1.79 shares. If a granted option, restricted stock unit, or restricted stock award expires or becomes unexercisable for any reason,
the unpurchased or forfeited shares that were granted may be returned to the 2012 Employee Plan and may become available
for future grant under the 2012 Employee Plan. As of January 31, 2016, 29.2 million shares subject to options or restricted stock
awards have been granted under the 2012 Employee Plan. Options and restricted stock that were granted under the 2012 plan
vest over periods ranging from immediately upon grant to over a three year period and options expire 10 years from the date of
grant. The 2012 Employee Plan will expire on June 30, 2022. At January 31, 2016, 18.6 million shares were available for future
issuance under the 2012 Employee Plan.
The 2012 Director's Plan was approved by Autodesk's stockholders and became effective on January 6, 2012. The 2012
Directors' Plan replaced the 2010 Outside Directors' Stock Plan, as amended ("2010 Plan"). The 2012 Directors' Plan permits
the grant of stock options, restricted stock units, and restricted stock awards to non-employee members of Autodesk’s Board of
Directors. Each restricted stock unit or restricted stock award granted will be counted against the shares authorized for issuance
under the 2012 Directors' Plan as 2.11 shares. As of January 31, 2016, 0.7 million shares subject to restricted stock unit awards
have been granted under the 2012 Directors' Plan. Restricted stock units that were granted under the 2012 Outside Directors'
Plan vest over one to three years from the date of grant. On March 12, 2015, the Board reduced the number of shares reserved
for issuance under the 2012 Directors' Plan by 0.9 million shares, so that 1.7 million shares are now reserved for issuance under
the 2012 Directors' Plan. The 2012 Directors' Plan will expire on June 30, 2022. At January 31, 2016, 1.0 million shares were
available for future issuance under the 2012 Director's Plan.
The following sections summarize activity under Autodesk’s stock plans.
2016 Annual Report