Symantec 2009 Annual Report Download - page 155
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which were converted into the right to receive cash in the amount of $33.00 per share upon vesting. The total value
of the assumed Altiris RSAs on the date of acquisition was approximately $9 million, assuming no Altiris RSAs are
forfeited prior to vesting, and all Altiris RSAs have vested and been paid. As of April 3, 2009, the total unrecognized
compensation cost adjusted for estimated forfeitures, related to the Altiris unvested stock options and RSUs, was
immaterial.
The assumed Altiris options, RSUs, and RSAs retained all applicable terms and vesting periods, except for
certain Altiris options, RSAs and RSUs that were accelerated according to the executive vesting plan and were
vested over a four to twelve month period from the date of acquisition and certain other options that vested in full as
of the acquisition date. In general, the assumed Altiris options vest over a period of three to four years from the
original date of grant and have a maximum term of ten years. The assumed Altiris RSUs and RSAs typically vest
over a period of two to three years from the original date of grant.
Other stock option plans
Options remain outstanding under several other stock option plans, including the 2001 Non-Qualified Equity
Incentive Plan, the 1999 Acquisition Plan, the 1996 Plan, and various plans assumed in connection with
acquisitions. No further options may be granted under any of these plans.
Valuation of stock-based awards
The fair value of each stock option granted under our equity incentive plans is estimated on the date of grant
using the Black-Scholes option-pricing model with the following weighted-average assumptions:
Fiscal
2009
Fiscal
2008
Fiscal
2007
Employee Stock Options
Expected life .......................................... 3years 3 years 3 years
Expected volatility . . . ................................... 37% 33% 34%
Risk-free interest rate . ................................... 2.04% 4.52% 4.86%
Changes in the Black-Scholes valuation assumptions and our estimated forfeiture rate may change the estimate
of fair value for stock-based compensation and the related expense recognized. There have not been any material
changes to our stock-based compensation expense due to changes in our valuation assumptions of stock-based
awards.
95
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)