Equifax 2009 Annual Report Download - page 65

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The following table summarizes changes in outstanding options and the related weighted-average exercise price per share for the twelve
months ended December 31, 2008 and 2007:
December 31,
2008 2007
Weighted- Weighted-
(Shares in thousands) Shares Average Price Shares Average Price
Outstanding at the beginning of the year 6,484 $ 24.94 5,930 $ 24.95
Granted (all at market price) 1,042 $ 35.35 2,742 $ 18.60
Exercised (1,036) $ 16.72 (2,073) $ 16.15
Cancelled (68) $ 36.55 (115) $ 32.64
Outstanding at the end of the year 6,422 $ 27.84 6,484 $ 24.94
Exercisable at end of year 4,699 $ 24.47 5,157 $ 21.52
Nonvested Stock. Our 2008 Omnibus Incentive Plan also provides The following table summarizes changes in our nonvested stock
for awards of nonvested shares of our common stock that can be during the twelve months ended December 31, 2009, 2008 and
granted to executive officers, employees and directors. Nonvested 2007 and the related weighted-average grant date fair value:
stock awards are generally subject to cliff vesting over a period
between one to three years based on service. Weighted-Average
Grant Date
The fair value of nonvested stock is based on the fair market value (Shares in thousands) Shares Fair Value
of our common stock on the date of grant. However, since our Nonvested at December 31, 2006 811 $ 31.64
nonvested stock does not pay dividends during the vesting period, Granted 297 $ 40.49
the fair value on the date of grant is reduced by the present value of
the expected dividends over the requisite service period (discounted Vested (257) $ 40.29
using the appropriate risk-free interest rate). Forfeited (28) $ 34.29
Nonvested at December 31, 2007 823 $ 38.33
Granted 407 $ 35.05
Vested (360) $ 33.83
Forfeited (20) $ 38.90
Nonvested at December 31, 2008 850 $ 36.33
Granted 536 $ 28.41
Vested (230) $ 34.40
Forfeited (46) $ 31.75
Nonvested at December 31, 2009 1,110 $ 33.10
EQUIFAX 2009 ANNUAL REPORT 63
11943 Equifax_Financials.indd 63 3/4/10 4:21 PM