Starbucks 2009 Annual Report Download - page 77

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Summary of all RSU transactions from October 1, 2006 through September 27, 2009 (in millions, except per share
and contractual life amounts):
Number
of
Shares
Weighted
Average
Grant Date
Fair Value
per Share
Weighted
Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic
Value
Nonvested, October 1, 2006, .................. — $ — — $ —
Granted................................ 0.2 27.83
Vested................................. — —
Forfeited/Cancelled ....................... — —
Nonvested, September 30, 2007 ................ 0.2 27.83 3.0 4.7
Granted................................ 2.0 16.43
Vested................................. — —
Forfeited/Cancelled ....................... (0.2) 17.27
Nonvested, September 28, 2008 ................ 2.0 17.36 2.5 30.5
Granted................................ 3.3 8.78
Vested................................. — —
Forfeited/Cancelled ....................... (0.9) 13.94
Nonvested, September 27, 2009 ................ 4.4 11.55 1.6 88.2
As of September 27, 2009, total unrecognized stock-based compensation expense related to nonvested RSUs, net of
estimated forfeitures, was approximately $23 million, before income taxes, which is expected to be recognized over
a weighted average period of approximately 2.4 years.
ESPP
The Company’s ESPPallows eligible employees to contribute up to 10% of their base earnings toward the quarterly
purchase of the Company’s common stock, subject to an annual maximum dollar amount. The ESPP for US
employees was amended in March 2009 to change the employees’ purchase price to 95% of the fair market value of
the stock on the last business day of the quarterly offering period. Prior to the amendment, the employees’ purchase
price was 85% of the lesser of the fair market value of the stock on the first or last business day of the quarterly
offering period.
Summary of transactions under this ESPP from fiscal year 2007 through 2009 (shares in millions):
Shares
Average
Price Per
Share
Issued during fiscal year 2007....................................... 1.9 24.59
Issued during fiscal year 2008....................................... 2.9 14.52
Issued during fiscal year 2009....................................... 2.5 10.92
Total number of shares issuable under the plan .......................... 32.0
Total number of shares issued since inception ........................... 23.5
Shares available for future issuance................................... 8.5
Starbucks has an additional employee stock purchase plan in the UK, which allows eligible UK employees to
purchase shares of common stock through payroll deductions during six-month offering periods at the lesser of the
fair market value of the stock at the beginning or at the end of the offering period. The Company awards one
matching share for each six shares purchased under the plan. The Company did not initiate a new offering period at
the conclusion of the six-month offering period that ended April 30, 2009, and does not plan to reactivate plan
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