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ATVI » Topics » Restricted Stock Units and Restricted Stock (collectively referred to as restricted stock rights)

This excerpt taken from the ATVI 10-Q filed Aug 8, 2008.

Restricted Stock Units and Restricted Stock (collectively referred to as “restricted stock rights”)

 

During the three months ended June 30, 2008, we issued restricted stock units with respect to approximately 1.1 million shares of our common stock. The value of the shares is based on the closing market price of our common stock on the date of grant. In accordance with SFAS No. 123R, we will recognize compensation expense and increase additional paid in capital related to restricted stock rights over the requisite service

 

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period. For the three months ended June 30, 2008, we recorded expenses related to total restricted stock rights of approximately $3.4 million. For the three months ended June 30, 2007, we recorded expenses related to total restricted stock rights of approximately $0.3 million. As of June 30, 2008, $32.9 million of total unrecognized compensation cost related to restricted stock rights is expected to be recognized over a weighted-average period of 2.12 years.

 

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