Visa 2010 Annual Report Download - page 115

Table of Contents
VISA INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
September 30, 2010
(in millions, except as noted)
The following table presents basic and diluted earnings per share for fiscal 2008.
Basic Earnings Per Share Diluted Earnings Per Share
(in millions, except per share data)
Income
Allocation
($) (A)
Weighted
Average
Shares
Outstanding (B)
Earnings per
Share ($) =
(A)/(B)(1)
Income
Allocation
($) (A)
Weighted
Average
Shares
Outstanding (B)
Earnings per
Share ($) =
(A)/(B)(1)
Participating Common Stock Classified as a Liability:
Class C (series III) 18 19 Not presented 18 19 Not presented
Common Stock Classified as Temporary Equity:
Class C (series II) 44 56 0.79 44 56 0.79
Common Stock Classified as Stockholders' Equity:
Class A(2) 232 239 0.96 742 770 0.96
Class B 284(3) 333 0.85 283(3) 333 0.85
Class C (series I) 183 191 0.96 183 191 0.96
Class C (series III & IV) 42 44 0.96 42 44 0.96
Participating securities 1 Not presented Not presented 1 Not presented Not presented
Net income attributable to Visa Inc. $ 804
(1) Earnings per share calculated based on whole numbers, not rounded numbers.
(2) The computation of average dilutive shares outstanding excluded approximately 3 million stock options for fiscal 2010 and less than 1 million for fiscal
2009 and 2008, respectively, because their effect would have been anti-dilutive.
(3) Net income attributable to Visa Inc. is allocated to each class and series of common stock on an as-converted basis. The weighted average numbers of
shares of class B common stock outstanding on an as-converted basis used in the allocation of net income were 141 million, 157 million and
295 million for fiscal 2010, 2009 and 2008, respectively.
(4) Net income attributable to Visa Inc. was allocated to the shares of redeemed common stock for the period during which they were outstanding.
Note 18—Share-based Compensation
The Company's 2007 Equity Incentive Compensation Plan, or the EIP, authorizes the compensation committee of the board of directors to grant non-
qualified stock options, or options, restricted stock awards, or RSAs, restricted stock units, or RSUs, and performance-based shares to its employees and non-
employee directors, for up to 59,000,000 shares of class A common stock. Shares available for award may be either authorized and unissued or previously
issued shares subsequently acquired by the Company. The EIP will continue in effect until all of the common stock available under the EIP is delivered and
all restrictions on those shares have lapsed, unless the EIP is terminated earlier by the Company's board of directors. No awards may be granted under the plan
on or after 10 years from its effective date.
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