Overstock.com 2008 Annual Report Download - page 37
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Table of Contents
The following is a summary of restricted stock unit activity (amounts in thousands, except per share data):
2008
Units
Grant Date
Fair Value
Outstanding—beginning of year — $ —
Granted at fair value 491 12.64
Vested — —
Canceled/forfeited (42)12.13
Outstanding—end of year 449 12.69
Restricted stock units vested at year-end — —
Restricted stock units vest over three years at 25% at the end of the first year, 25% at the end of the second year and 50% at the
end of the third year. During the years ended December 31, 2006, 2007 and 2008, the Company recorded stock based compensation
related to restricted stock units of $0, $0 and $896,000.
At December 31, 2008, 449,000 restricted stock units were outstanding. No restricted stock units had been vested as of
December 31, 2008. On January 13, 2009, 337,000 restricted stock units were granted.
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