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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. Employee Stock Purchase Plan We have an employee stock purchase plan for all eligible employees. Under the plan, shares of our common stock may be purchased over an offering period with a maximum duration of two years at 85% of the lower of the fair market value on the first day of the applicable offering period or on the last day of the six-month purchase period. Employees may purchase shares having a value not exceeding 10% of their gross compensation during an offering period. During the years ended December 31, 2007, 2008, and 2009, employees purchased approximately 2.0 million, 3.5 million and 4.4 million shares at average prices of $26.84, $17.78 and $12.82 per share, respectively. At December 31, 2009, approximately 2.8 million shares of common stock were reserved for
114
Table of ContentseBay Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
future issuance. Our employee stock purchase plan contains an “evergreen” provision that automatically increases, on each January 1, the number of shares reserved for issuance under the employee stock purchase plan by the number of shares purchased under this plan in the preceding calendar year. These excerpts taken from the EBAY 10-K filed Feb 20, 2009. Employee
Stock Purchase Plan
We have an employee stock purchase plan for all eligible
employees. Under the plan, shares of our common stock may be
purchased over an offering period with a maximum duration of two
years at 85% of the lower of the fair market value on the first
day of the applicable offering period or on the last day of the
six-month purchase period. Employees may purchase shares having
a value not exceeding 10% of their gross compensation during an
offering period. During the years ended December 31, 2006,
2007, and 2008, employees purchased approximately
1.6 million, 2.0 million, and 3.5 million shares
at average prices of $27.32, $26.84 and $17.78 per share,
respectively. At December 31, 2008, approximately
3.7 million shares of common stock were reserved for future
issuance. Our employee stock purchase plan contains an
“evergreen” provision that automatically increases, on
each January 1, the number of shares reserved for issuance
under the employee stock purchase plan by the number of shares
purchased under this plan in the preceding calendar year.
Employee Stock Purchase Plan We have an employee stock purchase plan for all eligible employees. Under the plan, shares of our common stock may be purchased over an offering period with a maximum duration of two years at 85% of the lower of the fair market value on the first day of the applicable offering period or on the last day of the six-month purchase period. Employees may purchase shares having a value not exceeding 10% of their gross compensation during an offering period. During the years ended December 31, 2006, 2007, and 2008, employees purchased approximately 1.6 million, 2.0 million, and 3.5 million shares at average prices of $27.32, $26.84 and $17.78 per share, respectively. At December 31, 2008, approximately 3.7 million shares of common stock were reserved for future issuance. Our employee stock purchase plan contains an “evergreen” provision that automatically increases, on each January 1, the number of shares reserved for issuance under the employee stock purchase plan by the number of shares purchased under this plan in the preceding calendar year. These excerpts taken from the EBAY 10-K filed Feb 29, 2008. Employee
Stock Purchase Plan
We have an employee stock purchase plan for all eligible
employees. Under the plan, shares of our common stock may be
purchased over an offering period with a maximum duration of two
years at 85% of the lower of the fair market value on the first
day of the applicable offering period or on the last day of the
six-month purchase period. Employees may purchase shares having
a value not exceeding 10% of their gross compensation during an
offering period. During the years ended December 31, 2005,
2006, and 2007, employees purchased approximately
1.4 million, 1.6 million, and 2.0 million shares
at average prices of $25.55, $27.32 and $26.84 per share,
respectively. At December 31, 2007, approximately
5.2 million shares of common stock were reserved for future
issuance. Our employee stock purchase plan contains an
“evergreen” provision that automatically increases, on
each January 1, the number of shares reserved for issuance
under the employee stock purchase plan by the number of shares
purchased under this plan in the preceding calendar year.
Table of Contents
eBay Inc.
NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Employee Stock Purchase Plan We have an employee stock purchase plan for all eligible employees. Under the plan, shares of our common stock may be purchased over an offering period with a maximum duration of two years at 85% of the lower of the fair market value on the first day of the applicable offering period or on the last day of the six-month purchase period. Employees may purchase shares having a value not exceeding 10% of their gross compensation during an offering period. During the years ended December 31, 2005, 2006, and 2007, employees purchased approximately 1.4 million, 1.6 million, and 2.0 million shares at average prices of $25.55, $27.32 and $26.84 per share, respectively. At December 31, 2007, approximately 5.2 million shares of common stock were reserved for future issuance. Our employee stock purchase plan contains an “evergreen” provision that automatically increases, on each January 1, the number of shares reserved for issuance under the employee stock purchase plan by the number of shares purchased under this plan in the preceding calendar year.
Table of ContentseBay Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) This excerpt taken from the EBAY 10-K filed Feb 28, 2007. Employee
Stock Purchase Plan
We have an employee stock purchase plan for all eligible
employees. Under the plan, shares of our common stock may be
purchased over an offering period with a maximum duration of two
years at 85% of the lower of the fair market value on the first
day of the applicable offering period or on the last day of the
six-month purchase period. Employees may purchase shares having
a value not exceeding 10% of their gross compensation during an
offering period. During the years ended December 31, 2004,
2005, and 2006, employees purchased approximately
1.2 million, 1.4 million, and 1.6 million shares
at average prices of $20.66, $25.55 and $27.32 per share,
respectively. At December 31, 2006, approximately
5.6 million shares of common stock were reserved for future
issuance. Our employee stock purchase plan contains an
“evergreen” provision that automatically increases, on
each January 1, the number of shares reserved for issuance
under the employee stock purchase plan by the number of shares
purchased under this plan in the preceding calendar year.
This excerpt taken from the EBAY 10-Q filed Jul 28, 2006. Employee
Stock Purchase Plan
We have an employee stock purchase plan for all eligible
employees. Under the plan, shares of our common stock may be
purchased over an offering period with a maximum duration of two
years at 85% of the lower of the fair market value on the first
day of the applicable offering period or on the last day of the
six-month purchase period. Employees may purchase shares having
a value not exceeding 10% of their gross compensation during an
offering period. During the three and six months ended
June 30, 2006, employees purchased approximately
790,000 shares at an average price of $27.62 per
share. During the same period in 2005, employees purchased
approximately 696,000 shares at an average price of
$24.93 per share. At June 30, 2006, approximately
6.4 million shares were reserved for future issuance. Our
employee stock purchase plan contains an “evergreen”
provision that
Table of Contents
eBay
Inc.
NOTES TO
CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
automatically increases, on each January 1, the number of
shares reserved for issuance under the employee stock purchase
plan by the number of shares purchased under this plan in the
preceding calendar year.
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