Seagate 2010 Annual Report Download - page 113

Table of Contents
SEAGATE TECHNOLOGY PLC
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Nonvested Share Activity
The following is a summary of nonvested share activities:
At July 1, 2011, the total compensation cost related to nonvested shares granted to employees but not yet recognized was approximately
$21 million, net of estimated forfeitures of approximately $1 million. This cost is being amortized on a straight-line basis over a weighted-
average remaining term of 2.7 years and will be adjusted for subsequent changes in estimated forfeitures. The aggregate fair value of nonvested
shares vested during fiscal year 2011 was approximately $3 million.
Performance Share Activity
The following is a summary of performance share activities:
At July 1, 2011, the total compensation cost related to performance shares granted to employees but not yet recognized was approximately
$3 million. This cost is being amortized on a straight-line basis over a weighted-average remaining term of 3 years. As of July 1, 2011, none of
the performance shares issued have vested.
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Nonvested Shares Number of Shares
Weighted-
Average
Grant-
Date
Fair Value
(In millions)
Nonvested at July 2, 2010
0.9
$
13.77
Granted
2.0
$
11.61
Forfeitures
(0.1
)
$
12.51
Vested
(0.3
)
$
14.04
Nonvested at July 1, 2011
2.5
$
12.05
Performance Shares Number of Shares
Weighted-
Average
Grant-
Date
Fair Value
(In millions)
Performance shares at July 2, 2010
0.3
$
12.34
Granted
0.2
$
13.63
Forfeitures
—
$
—
Vested
(0.2
)
$
12.34
Performance shares at July 1, 2011
0.3
$
11.97