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This excerpt taken from the ATVI 8-K filed Nov 5, 2008. Cash-settled instruments
During the six months ended June 30, 2008 there were no material movements within the components of cash-settled instruments, other than for fair value as described below.
As of December 31, 2007, there was unamortized compensation expense of $6.1 million, which will be expensed over the next 1.5 years on a weighted-average basis as follows: $3.8 million in 2008, $1.9 million in 2009 and $0.4 million in 2010.
As of June 30, 2008, Vivendi Games has recorded liabilities related to cash-settled awards equal to $2.5 million, $11.2 million and $3.6 million for SARs, ex-ADS converted into SARs and RSUs, respectively. As of December 31, 2007, Vivendi Games has recorded liabilities related to cash-settled awards equal to $5.1 million, $24.3 million and $3.7 million for SARs, ex-ADS converted into SARs and RSUs, respectively. The fair values of these cash-settled awards were significantly impacted by a decline in the Vivendi stock price between December 31, 2007 and June 30, 2008, from €31.38 to €24.10, respectively. As a consequence the related liability has been reduced during the first six months of 2008. The liability for vested rights is included as a component of accrued payroll and related costs.
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