Juno 2014 Annual Report Download - page 115
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Table of Contents
Stock options granted to employees generally vest over a three- or four- year period under a variety of vesting schedules and are canceled upon
termination of employment. Stock option grants expire after ten years unless canceled earlier due to termination of employment.
Upon the exercise of a stock option award, the vesting of a restricted stock unit or the award of common stock or restricted stock, shares of common stock
are issued from authorized but unissued shares. Pursuant to the Plan, each restricted stock unit and stock award granted decreases shares available for grant by
three shares and cancelations of such shares increase the shares available for grant by three shares.
At December 31, 2014, there were 15.8 million aggregate shares reserved for issuance and 12.2 million shares available for grant under the Plan.
The following table summarizes the stock-based compensation that has been included in the following line items within the consolidated statements of
operations (in thousands):
The following table summarizes activity for restricted stock units:
F-33
Operating expenses:
Cost of revenues $ 182 $ 111 $ 231
Sales and marketing 552 716 810
Technology and development 1,107 1,319 1,545
General and administrative 6,716 8,294 6,268
Total stock-based compensation $ 8,557 $ 10,440 $ 8,854
Tax benefit recognized(a) $ 3,035 $ 3,560 $ 2,347
(a) Income tax benefit is presented prior to consideration of the Company's deferred tax asset valuation allowance. See Note 9,
"Income Taxes".
Nonvested at December 31, 2013 1,215 $ 11.53
Granted 430 $ 11.26
Vested (652) $ 11.74
Forfeited/canceled (188) $ 11.16
Nonvested at December 31, 2014 805 $ 11.34