First Data 2011 Annual Report Download - page 104

Redeemable Noncontrolling Interests
As discussed in Note 3 of these Consolidated Financial Statements, during 2010, the third party owning a controlling interest in
Rockmount exercised a put right on Rockmount's beneficial interest in BAMS requiring net cash payments from FDC of $213 million.
The redemption amount was based on Rockmount's capital account balance in BAMS immediately prior to the redemption with an
additional adjustment paid by the Company and Bank of America N.A. based on the level of BAMS revenues for the trailing 12 month
period ended March 31, 2010.
The following table presents a summary of the redeemable noncontrolling interest activity in 2011 and 2010:
(in millions)
Redeemable
Noncontrolling
Interests
Balance as of January 1, 2010 $ 226.9
Distributions (27.6)
Share of income 35.0
Purchase of noncontrolling interest (213.3)
Adjustment to redemption value of redeemable noncontrolling interests 7.0
Other 0.1
Balance as of December 31, 2010 28.1
Distributions (31.2)
Share of income 32.0
Adjustment to redemption value of redeemable noncontrolling interest 38.6
Other (0.1)
Balance as of December 31, 2011 $ 67.4
Note 13: Stock Compensation Plans
The Company's parent, Holdings, has a stock incentive plan for certain management employees of FDC and its affiliates ("stock
plan"). The stock plan provides the opportunity for certain management employees to purchase shares in Holdings and then receive a
number of options or restricted stock based on a multiple of their investment in such shares. The plan also allows for the Company to
award shares and options to management employees. The participants of the stock plan enter into a management stockholders'
agreement. Principal terms of the management stockholders' agreement include restrictions on transfers, lock ups, right of first refusal,
registration rights, and a confidentiality, non-solicitation and non-compete covenant. The expense associated with this plan is recorded
by FDC. The number of shares authorized under the stock plan is 119.5 million, 83 million of which are authorized for options.
The participants of the stock plan have the right to require Holdings to repurchase the shares and options upon the employee's
termination due to death or disability. The put rights expire one year after the termination event or upon a change in control. The
repurchase price for the shares is their fair market value at the time of repurchase. The repurchase price for the options is their intrinsic
value at the time of repurchase.
Total stock-based compensation expense recognized in the "Selling, general and administrative" line item of the Consolidated
Statements of Operations resulting from stock options, non-vested restricted stock awards and non-vested restricted stock units was as
follows:
Year ended December 31,
(in millions) Amount
2011 $ 17.6
2010 17.1
2009 19.2
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