Plantronics 2010 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2010 Plantronics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

77
Stock Option Plan Activity
Stock Options
The following is a summary of the Company’s stock option activity during fiscal 2010:
Weighted Weighted
Average Average Aggregate
Number of Exercise Remaining Intrinsic
Shares Price Contractual Life Value
(in thousands) (in years) (in thousands)
Outstanding at March 31, 2009 8,893 25.25$
ptions granted 1,348 20.65$
(1,493) 21.81$ 9,025$
3.4 57,778$
5,557 26.87$ 2.6 -$
Options Outstanding
O
Options exercised
Options forfeited or expired (1,117) 25.55$
Outstanding at March 31, 2010 7,631 25.06$
Exercisable at March 31, 2010
ptions outstanding as of March 31, 2010 include 7.5 million shares that are vested or expected to vest with a weighted average
exercise price of $25.16, a weighted average remaining contractual life of 3.4 years and an aggregate intrinsic value of $56.0 million.
The total cash received from employees as a result of employee stock option exercises during fiscal 2010 was $32.6 million. The
Company settles employee stock option exercises with newly issued common shares approved by stockholders for inclusion in the
1993 Stock Plan or the 2003 Stock Plan.
Restricted Stock
The following is a summary of the Company’s restricted stock award activity during the fiscal 2010:
O
Weighted
Average
Number of Grant Date
Shares Fair Value
(in thousands)
Non-vested at March 31, 2009 363 20.39$
Granted 154 $ 24.62
Vested (137) 22.36$
Forfeited (19) 20.98$
Non-vested at March 31, 2010 361 21.41$
The total fair value of restricted stock awards vested during the year ended March 31, 2010 was $3.1 million.