Visa 2008 Annual Report Download - page 48

Table of Contents
Equity Compensation Plan
The table below presents information as of September 30, 2008 for the Visa 2007 Equity Incentive Compensation Plan, or the EIP, which has been
approved by stockholders. Visa does not have any equity compensation plans that have not been approved by stockholders. For a description of the EIP, see
Note 18–Stock-based Compensation to our consolidated financial statements included in Item 8 of this report and Item 11 "Executive Compensation—
Compensation Discussion and Analysis—Executive Compensation Components—Long-Term Incentive Compensation."
Plan category
Number of shares of
class A common stock to
be issued upon exercise
of outstanding options,
warrants and rights
Weighted-average
exercise price of
outstanding options,
warrants and rights
Number of shares of class
A common stock remaining
available for future
issuance under equity
compensation plans
(excluding shares reflected
in the first column)
Equity compensation plans approved by stockholders 9,502,392(1) $ 44.11 48,221,892
Equity compensation plans not approved by stockholders — $ — —
Total 9,502,392(1) $44.11 48,221,892
(1) In addition to options, the EIP authorizes the issuance of restricted stock, restricted stock units, performance units and other stock-based awards. Of
these shares, 581,012 shares have been issued pursuant to outstanding restricted stock units.
Use of Proceeds from the IPO
The following table sets forth the use of net proceeds of $19.1 billion received in connection with our IPO in March 2008:
(in billions)
Net IPO proceeds $ 19.1
March 2008 redemptions of class B and class C (series I) common stock(1) (13.4)
Funding of escrow account(2) (3.0)
October 2008 redemptions of class C (series II) and class C
(series III) common stock(3) (2.7)
Balance of proceeds following October redemptions $ —
(1) In March of 2008, we used $13.4 billion of the net proceeds of the IPO to redeem 154,738,487 shares of class B common stock and 159,657,751 shares
of class C (series I) common stock.
(2) As determined by the Litigation Committee and under the retrospective responsibility plan, we deposited $3.0 billion of the net IPO proceeds into an
escrow account from which settlements of, or judgments in, covered litigation will be payable. See Note 5—Retrospective Responsibility Plan to our
consolidated financial statements included in Item 8 of this report for additional information.
(3) In October of 2008, we redeemed 79,748,857 shares of class C (series II) common stock and 35,263,585 shares of our class C (series III) common stock
held by Visa Europe for a combined total $2.7 billion, less dividends and certain other adjustments. See Note 4—Visa Europe and Note 16—
Stockholders' Equity and Redeemable Shares to our consolidated financial statements included in Item 8 of this report for additional information.
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