LifeLock 2013 Annual Report Download - page 83

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
The following table summarizes unvested restricted stock units activity under the 2012 Plan for the years ended December 31, 2012, and 2013:

 





Unvested at December 31, 2011 - $ -
Granted 276,250 9.00
Vested (8,750) 9.00
Forfeited - -
Unvested at December 31, 2012 267,500 $ 9.00
Granted 438,879 13.90
Vested (128,136) 9.34
Forfeited - -
Unvested at December 31, 2013 578,243 $ 12.65
There were no restricted stock units granted prior to the year ended December 31, 2012.

In 2008, we initiated a 401(k) retirement plan, which is a defined contribution retirement plan, for eligible employees. Employees are eligible to
participate on the first day of service. Under the terms of the plan, employees are entitled to contribute from 1% to 100% of their total compensation, within
limitations established by the Internal Revenue Code. We match 100% of the first 6% of each employee’s contribution and may also contribute additional
amounts at our discretion, all subject to immediate ves ting. The cost of employer contributions to the plan was $2,488, $1,908, and $1,624, for the years
ended December 31, 2013, 2012, and 2011, respectively.

As of December 31, 2013 and December 31, 2012, the fair value of our financial assets was as follows:
   

Assets:
Commercial paper (1) $ - $ 45,110 $ - $ 45,110
Money market funds (1) 911 - - 911
Corporate bonds (2) - 37,371 - 37,371
Municipal bonds (2) - 10,819 - 10,819
Certificates of deposit (2) - 498 - 498
Total assets measured at fair value $ 911 $ 93,798 $ - $ 94,709

Assets:
Commercial paper (1) $ - $ 35,023 $ - $ 35,023
Total assets measured at fair value $ - $ 35,023 $ - $ 35,023
(1) Classified in cash and cash equivalents
(2) Classified in marketable securities
80