NVIDIA 2015 Annual Report Download - page 78
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61
PortalPlayer, Inc. 1999 Stock Option Plan
We assumed options issued under the 1999 Plan when we completed our acquisition of PortalPlayer in January 2007.
The 1999 Plan was terminated upon completion of PortalPlayer’s initial public offering of common stock in 2004. Each
option we assumed in connection with our acquisition of PortalPlayer has been converted into the right to purchase that
number of shares of NVIDIA common stock determined by multiplying the number of shares of PortalPlayer common stock
underlying such option by 0.3601 and then rounding down to the nearest whole number of shares. The exercise price per
share for each assumed option has been similarly adjusted by dividing the exercise price by 0.3601 and then rounding up
to the nearest whole cent. Vesting schedules and expiration dates did not change. Under the 1999 Plan, options generally
vest as to 25% of the shares one year after the date of grant and as to 1/48th of the shares each month thereafter and expire
ten years from the date of grant.