EBAY » Topics » Restricted Stock Units

This excerpt taken from the EBAY 10-K filed Feb 17, 2010.

Restricted Stock Units

A summary of the status of and changes in restricted stock units granted (including performance-based restricted stock units that have been earned) under our equity incentive plans as of December 31, 2009 and changes during the year ended December 31, 2009 is presented below (in thousands, except per share amounts):

 

     Shares     Weighted Average
Grant-Date

Fair Value
(per share)

Outstanding at January 1, 2009

   26,821      $ 25.50

Awarded

   23,960      $ 11.66

Awarded in connection with the stock option exchange program

   5,047      $ 23.56

Vested

   (7,842   $ 25.70

Forfeited

   (5,745   $ 19.99
            

Outstanding at December 31, 2009

   42,241      $ 18.13
            

Expected to vest at December 31, 2009

   34,312     
This excerpt taken from the EBAY 10-Q filed Apr 28, 2009.

Restricted Stock Units

The following table summarizes restricted stock unit activity for the three-month period ended March 31, 2009 (in thousands):

 

     Units  

Outstanding at January 1, 2009

   26,821  

Awarded

   21,296  

Vested

   (5,018 )

Forfeited

   (892 )
      

Outstanding at March 31, 2009

   42,207  
      

In general, restricted stock units (RSU) vest over three to five years and are subject to the recipient’s continuing service to eBay. In general, RSUs vest over four years at the rate of 25% a year on each anniversary of the grant date. The cost of restricted stock units is determined using the fair value of our common stock on the date of grant. The weighted average grant date fair value for restricted stock units awarded during the period was $10.58 per share.

These excerpts taken from the EBAY 10-K filed Feb 20, 2009.
Restricted Stock Units
 
A summary of the status of and changes in restricted stock units granted (including performance-based restricted stock units that have been earned) under our equity incentive plans as of December 31, 2008 and changes during the year ended December 31, 2008 is presented below (in thousands, except per share amounts):
 
                 
          Weighted Average
 
          Grant-Date Fair
 
    Shares     Value (per share)  
 
Oustanding at January 1, 2008
    8,833     $ 32.70  
Awarded
    23,676     $ 23.91  
Vested
    (2,156 )   $ 32.47  
Forfeited
    (3,532 )   $ 28.59  
                 
Outstanding at December 31, 2008
    26,821     $ 25.50  
                 
Expected to vest at December 31, 2008
    21,560          


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Table of Contents

 
eBay Inc.
 
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
 
Restricted
Stock Units



 



A summary of the status of and changes in restricted stock units
granted (including performance-based restricted stock units that
have been earned) under our equity incentive plans as of
December 31, 2008 and changes during the year ended
December 31, 2008 is presented below (in thousands, except
per share amounts):


 






































































































































                 

 

 

 

 

 

Weighted Average



 

 

 

 

 

 

Grant-Date Fair



 

 

 

Shares

 

 

Value (per share)

 
 


Oustanding at January 1, 2008


 

 

8,833

 

 

$

32.70

 


Awarded


 

 

23,676

 

 

$

23.91

 


Vested


 

 

(2,156

)

 

$

32.47

 


Forfeited


 

 

(3,532

)

 

$

28.59

 

 

 

 

 

 

 

 

 

 


Outstanding at December 31, 2008


 

 

26,821

 

 

$

25.50

 

 

 

 

 

 

 

 

 

 


Expected to vest at December 31, 2008


 

 

21,560

 

 

 

 

 









106





Table of Contents





 




eBay
Inc.




 




NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)


 




This excerpt taken from the EBAY 10-Q filed Apr 25, 2007.
Restricted Stock Units
 
The following table summarizes restricted stock units activity for the three months ended March 31, 2007 (in thousands):
 
         
    Shares  
 
Outstanding at January 1, 2007
    508  
Awarded
    5,869  
Vested
     
Forfeited
    (49 )
         
Outstanding at March 31, 2007
    6,328  
         
 
In general, restricted stock units vest over three to five years and are subject to the employees’ continuing service to the company. The cost of restricted stock units is determined using the fair value of our common stock on the date of the grant. The weighted average grant date fair value for restricted stock units awarded during the period was $31.87 per share. Restricted stock units were awarded as part of our annual incentive compensation review for the first time during the first quarter of 2007.
 
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