First Data 2009 Annual Report Download - page 154

FIRST DATA CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)
The successor period beginning balance of OCI was zero due to the previous balance being eliminated in
purchase accounting for the merger.
Other First Data Corporation Stockholders’ Equity Transactions
In 2007, the Company accelerated vesting of all outstanding stock options, restricted stock awards and
restricted stock units as a result of the merger transaction. For information regarding stock compensation plans
refer to Note 14 and for information regarding the merger refer to Note 2.
In accordance with the stock repurchase programs authorized by the Board of Directors, the Company
purchased 11.2 million shares of treasury stock related to employee benefit plans for $335.3 million in the
predecessor period from January 1, 2007 through September 24, 2007.
The difference between the cost of shares repurchased and the amount reflected in the Consolidated
Statements of Cash Flows is due to timing of trade settlements. Following the September 24, 2007 merger
transaction, the Company terminated the registration of all equity securities and no longer makes repurchases.
The following table presents the effects of changes in FDC’s ownership interest in its BAMS alliance on
FDC’s equity:
Year ended
December 31,
2009
Net loss attributable to FDC ......................................................... $(1,086.4)
Transfers from noncontrolling interest:
Increase in FDC’s paid-in capital for gain recognized on formation on BAMS, net of tax ..... 20.8
Transfers from noncontrolling interest ................................................. 20.8
Change in net loss attributable to FDC and transfers from noncontrolling interest ............... $(1,065.6)
Common Stock Warrants
In connection with a service agreement executed in 2003, the Company issued a warrant to purchase shares
of FDC common stock. After adjustment for the Company’s spin-off of Western Union, the warrant provided for
the purchase of 353,396 shares at a price of $28.30 per share. In conjunction with the merger in 2007, the warrant
was exercised.
Redeemable Noncontrolling Interests
In connection with the formation of the BAMS alliance, Rockmount may, at the sole option of the third-
party owning a controlling interest in Rockmount, require that BAMS redeem Rockmount’s interest in BAMS.
This option is available during a specified period of time after each of the fourth quarter of 2009 and the first and
second quarters of 2010, and upon certain conditions, additional periods thereafter. Rockmount did not exercise
their option after the fourth quarter 2009. Rockmount’s interest would be redeemed by BAMS for an amount of
cash based on Rockmount’s capital account balance in BAMS immediately prior to the redemption subject to an
additional adjustment to be paid or received by the Company and BofA based on the level of BAMS revenues for
the trailing 12 month period ending at the end of the fiscal quarter immediately prior to the exercise or extension
of the option. Since Rockmount has the ability to put its interests to BAMS (a consolidated subsidiary of the
Company), the Company has classified the 3% non-voting interest attributable to the third-party investor as
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