eBay 2007 Annual Report Download - page 117

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Stock Option Activity
The following table summarizes stock option activity under our equity incentive plans as of and for the year
ended December 31, 2007 (in thousands, except per share amounts):
Shares
Weighted Average
Exercise Price
Weighted Average
Remaining
Contractual Term
(in years)
Aggregate
Intrinsic Value
Outstanding at January 1, 2007 ............ 136,614 $30.53
Granted and assumed ................... 20,736 31.29
Exercised ............................ (24,907) 18.27
Forfeited/expired/cancelled ............... (14,581) 37.05
Outstanding at December 31, 2007 ......... 117,862 32.45 5.72 $489,480
Vested and expected to vest at December 31,
2007 ............................. 105,819 32.15 5.68 471,378
Options exercisable at December 31, 2007 . . . 75,649 30.93 5.48 428,021
The aggregate intrinsic value was calculated as the difference between the exercise price of the underlying
awards and the quoted price of our common stock. At December 31, 2007, 54.9 million options were in-the-money.
The weighted average grant-date fair value of options granted during the years 2005, 2006 and 2007 was
$11.70, $10.47 and $10.60, respectively. During the years 2005, 2006 and 2007, the aggregate intrinsic value of
options exercised under our equity incentive plans was $719.2 million, $283.6 million and $402.4 million,
respectively, determined as of the date of option exercise. As of December 31, 2007, there was approximately
$327.4 million of total unrecognized compensation cost related to stock options granted under our equity incentive
plans. That cost is expected to be recognized over a weighted-average period of two years.
Restricted Stock Units and Performance Based Restricted Stock Units Activity
A summary of the status of and changes in restricted stock units granted under our equity incentive plans as of
December 31, 2007 and changes during the year ended December 31, 2007 is presented below (in thousands, except
per share amounts):
Shares
Weighted Average
Grant-Date Fair
Value (per share)
Oustanding at January 1, 2007 ................................. 508 $28.13
Awarded................................................. 9,226 32.83
Vested................................................... (124) 28.13
Forfeited ................................................. (777) 32.02
Outstanding at December 31, 2007 ............................. 8,833 32.70
Vested and expected to vest at December 31, 2007 .................. 6,011
As of December 31, 2007, there was approximately $203.6 million of unrecognized compensation cost related
to restricted stock units granted under our equity incentive plans. That cost is expected to be recognized over a
weighted-average period of three years.
Performance based restricted stock units are not included in the table above, as the awards are not granted until
the conditional performance is met. As of December 31, 2007 there were 174,000 performance based restricted
stock units expected to vest with a remaining unrecognized compensation cost of $4.1 million.
107
eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)