CDNS » Topics » Employee Stock Purchase Plan (ESPP)

These excerpts taken from the CDNS 10-K filed Mar 2, 2009.
Employee Stock Purchase Plan (ESPP)
 
Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes option pricing model. The weighted average grant date fair value of purchase rights granted under the ESPP and the weighted average assumptions used in the model for fiscal 2008, fiscal 2007 and fiscal 2006 were as follows:
 
                         
    2008     2007     2006  
    (In thousands)  
 
Dividend yield
    None       None       None  
Expected volatility
    48.0%       24.6%       24.0%  
Risk-free interest rate
    1.95%       5.08%       4.89%  
Expected life (in years)
    0.5       0.5       1.1  
Weighted average fair value of options granted
  $ 2.40     $ 4.74     $ 4.32  
 
Shares of common stock issued under the ESPP for fiscal 2008, fiscal 2007 and fiscal 2006 were as follows:
 
                         
    2008     2007     2006  
    (In thousands, except per share amounts)  
 
Cadence shares purchased under the ESPP
    6,076       3,200       3,640  
Cash received for the purchase of shares under the ESPP
  $ 44,547     $ 43,964     $ 41,619  
Weighted-average purchase price per share
  $ 7.33     $ 13.74     $ 11.43  
 
Employee
Stock Purchase Plan (ESPP)



 



Compensation expense is calculated using the fair value of the
employees’ purchase rights under the Black-Scholes option
pricing model. The weighted average grant date fair value of
purchase rights granted under the ESPP and the weighted average
assumptions used in the model for fiscal 2008, fiscal 2007 and
fiscal 2006 were as follows:


 




















































































































                         

 

 

2008


 

 

2007


 

 

2006


 

 

 

(In thousands)

 
 


Dividend yield


 

 

None

 

 

 

None

 

 

 

None

 


Expected volatility


 

 

48.0%

 

 

 

24.6%

 

 

 

24.0%

 


Risk-free interest rate


 

 

1.95%

 

 

 

5.08%

 

 

 

4.89%

 


Expected life (in years)


 

 

0.5

 

 

 

0.5

 

 

 

1.1

 


Weighted average fair value of options granted


 

$

2.40

 

 

$

4.74

 

 

$

4.32

 






 



Shares of common stock issued under the ESPP for fiscal 2008,
fiscal 2007 and fiscal 2006 were as follows:


 






















































































                         

 

 

2008


 

 

2007


 

 

2006


 

 

 

(In thousands, except per share amounts)

 
 


Cadence shares purchased under the ESPP


 

 

6,076

 

 

 

3,200

 

 

 

3,640

 


Cash received for the purchase of shares under the ESPP


 

$

44,547

 

 

$

43,964

 

 

$

41,619

 


Weighted-average purchase price per share


 

$

7.33

 

 

$

13.74

 

 

$

11.43

 






 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 2, 2009

"Employee Stock Purchase Plan (ESPP)" elsewhere:

Advent Software (ADVS)
Scientific Learning (SCIL)
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