Symantec 2008 Annual Report Download - page 183

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(1)
Intrinsic value is calculated as the difference between the market value of Symantec’s common stock as of
March 28, 2008 and the exercise price of the option. The aggregate intrinsic value of options outstanding and
exercisable includes options with an exercise price below $16.82, the closing price of our common stock on
March 28, 2008, as reported by the NASDAQ Global Select Market.
(2)
Refers to options cancelled before their vest dates.
(3)
Refers to options cancelled on or after their vest dates.
The weighted-average fair value per share of options granted during fiscal 2008, 2007 and 2006 including
assumed options was $6.03, $5.06, and $7.81, respectively. The total intrinsic value of options exercised during
fiscal 2008, 2007 and 2006 was $142 million, $142 million, and $175 million, respectively.
The following table summarizes RSU activity for the year ended March 28, 2008:
Number of
Shares
Weighted-
Average
Purchase
Price
Aggregate
Intrinsic
Value
Weighted-
Average
Remaining
Contractual
Term
(In thousands, except per share amounts)
Outstanding at March 31, 2007 ............... 2,946 $— $ —
Granted ................................. 3,616
Assumed in acquisitions .................... 320
Vested .................................. (806)
Forfeited ................................ (947)
Outstanding at March 28, 2008 ............... 5,129 $— $86,284 0.80
Vested and expected to vest at March 28, 2008.... 3,814 $— $64,155 0.72
The weighted-average grant date fair value per share of RSUs granted during fiscal 2008, 2007, and 2006,
including assumed RSUs was $19.39, $16.53, and $16.94, respectively. The total fair value of RSUs that vested in
fiscal 2008, 2007, and 2006 was $15 million, $2 million, and $5 million, respectively.
Shares reserved
As of March 28, 2008, we had reserved the following shares of authorized but unissued common stock:
Stock purchase plans . . . .............................................. 9,828,088
Stock award plans ................................................... 54,449
Employee stock option plans ........................................... 141,740,626
Total ........................................................... 151,623,163
Note 16. Restructuring
Our restructuring costs consist of severance and benefits and facility and other charges. Severance and benefits
generally include severance, stay-put or one-time bonuses, outplacement services, health insurance coverage,
effects of foreign currency exchange and legal costs. Facilities and other costs generally include rent expense less
expected sublease income, lease termination costs, asset abandonment costs and the effects of foreign currency
exchange. Restructuring expenses generally do not impact a particular reporting segment and are including in the
“Other” reporting segment.
101
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)