Lionbridge Technologies (LIOX)

Restricted Stock Awards

Lionbridge issued 280,125 and 3,592 shares of restricted common stock and restricted stock units under the Company’s 2005 Incentive Plan and the 1998 Stock Plan, respectively, in the three-month period ended March 31, 2009 with a fair market value of $475,000. Of the total 283,717 shares of restricted common stock and restricted stock units issued in the three-month period ended March 31, 2009, 280,125 have restrictions on disposition which lapse over four years from the date of grant on each anniversary date and 3,592 have restrictions on disposition which lapse over thirteen months from the date of grant.

Restricted Stock Awards

Lionbridge issued 280,125 and 3,592 shares of restricted common stock and restricted stock units under the Company’s 2005 Incentive Plan and the 1998 Stock Plan, respectively, in the three-month period ended March 31, 2009 with a fair market value of $475,000. Of the total 283,717 shares of restricted common stock and restricted stock units issued in the three-month period ended March 31, 2009, 280,125 have restrictions on disposition which lapse over four years from the date of grant on each anniversary date and 3,592 have restrictions on disposition which lapse over thirteen months from the date of grant.

Restricted Stock Awards

A participant will not have income upon the grant of restricted stock unless an election under Section 83(b) of the Code is made within 30 days of the date of grant. If a timely 83(b) election is made, then a participant will have compensation income equal to the value of the stock less the purchase price. When the stock is sold, the participant will have capital gain or loss equal to the difference between the sales proceeds and the value of the stock on the date of grant. If the participant does not make an 83(b) election, then when the stock vests the participant will have compensation income equal to the value of the stock on the vesting date less the purchase price. When the stock is sold, the participant will have capital gain or loss equal to the sales proceeds less the value of the stock on the vesting date. Any capital gain or loss will be long-term if the participant held the stock for more than one year and otherwise will be short-term.

Restricted Stock Awards

Lionbridge issued 14,500 and 948,500 shares of restricted common stock and restricted stock units under the Company’s 2005 Incentive Plan and the 1998 Stock Plan, respectively, in the three-month period ended March 31, 2008 with a fair market value of $2.7 million for which restrictions on disposition lapse over four years from the date on each anniversary date.

The Company recognizes expense for stock options, market-based restricted stock awards and time-based restricted stock awards pursuant to the guidance of Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards (“SFAS”) No. 123, “Share-Based Payment” (“SFAS 123R”). Total compensation expense related to stock options, market-based restricted stock awards and time-based restricted stock awards was $1.6 million and $1.7 million for the three-month periods ended March 31, 2008 and 2007, respectively, classified in the statement of operations line items as follows:

Restricted Stock Awards

Lionbridge issued 65,940 and 948,500 shares of restricted common stock and restricted stock units under the Company’s 2005 Incentive Plan and the 1998 Stock Plan, respectively, in the nine-month period ended September 30, 2008 with a fair market value of $3.1 million. Of the total 1,014,440 shares of restricted common stock and restricted stock units issued in the nine-month period ended September 30, 2008, 963,000 have restrictions on disposition which lapse over four years from the date of grant on each anniversary date and 51,440 have restrictions on disposition which lapse over thirteen months from the date of grant.

The Company recognizes expense for stock options, market-based restricted stock awards and time-based restricted stock awards pursuant to the guidance of Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards (“SFAS”) No. 123, “Share-Based Payment” (“SFAS 123R”). Total compensation expense related to stock options, market-based restricted stock awards and time-based restricted stock awards was $1.2 million and $1.7 million for the three-month periods ended September 30, 2008 and 2007, respectively, and $4.3 million and $5.5 million for the nine-month periods ended September 30, 2008 and 2007, respectively, classified in the statement of operations line items as follows:

Restricted Stock Awards

Lionbridge issued 716,100 and 432,500 shares of restricted common stock and restricted stock units with a fair market value of $3.7 million and $3.0 million in 2007 and 2006, respectively. Restrictions on disposition lapse over four years from the date of grant on each anniversary date.

On September 19, 2006, Lionbridge issued 200,000 shares of restricted common stock with a fair market value of $1.2 million to its Chief Executive Officer. This restricted stock award is subject to the following market-based vesting criteria: 33% of the market-based award vests on the date that the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $10.00; an additional 33% of the market-based award vests on the date that the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $13.50; and the remaining 34% of the market-based award vests on the date the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $17.00. The Company uses the lattice model to value market condition awards. For awards with market conditions with a cliff vesting feature, as described above, the Company recognizes stock based compensation on a straight line basis over the requisite service period.

Total compensation expense related to all restricted stock awards was $3.2 million and $2.6 million for the years ended December 31, 2007 and 2006, respectively. The weighted average grant date fair value of restricted stock awards granted during the year ended December 31, 2007 was $5.20.

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LIONBRIDGE TECHNOLOGIES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

The following table summarizes non-vested restricted stock awards activity for the year ended December 31, 2007:

Lionbridge currently expects to amortize $5,423,000 of unamortized compensation in connection with restricted stock awards outstanding as of December 31, 2007 over an estimated weighted average period of approximately 1.3 years.

Restricted Stock Awards

Lionbridge issued 65,940 and 948,500 shares of restricted common stock and restricted stock units under the Company’s 2005 Incentive Plan and the 1998 Stock Plan, respectively, in the six-month period ended June 30, 2008 with a fair market value of $3.1 million. Of the total 1,014,440 shares of restricted common stock and restricted stock units issued in the six-month period ended June 30, 2008, 963,000 have restrictions on disposition which lapse over four years from the date of grant on each anniversary date and 51,440 have restrictions on disposition which lapse over thirteen months from the date of grant.

The Company recognizes expense for stock options, market-based restricted stock awards and time-based restricted stock awards pursuant to the guidance of Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards (“SFAS”) No. 123, “Share-Based Payment” (“SFAS 123R”). Total compensation expense related to stock options, market-based restricted stock awards and time-based restricted stock awards was $1.5 million and $2.0 million for the three-month periods ended June 30, 2008 and 2007, respectively, and $3.1 million and $3.8 million for the six-month periods ended June 30, 2008 and 2007, respectively, classified in the statement of operations line items as follows:

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Restricted Stock Awards

Lionbridge issued 14,500 and 948,500 shares of restricted common stock and restricted stock units under the Company’s 2005 Incentive Plan and the 1998 Stock Plan, respectively, in the three-month period ended March 31, 2008 with a fair market value of $2.7 million for which restrictions on disposition lapse over four years from the date on each anniversary date.

The Company recognizes expense for stock options, market-based restricted stock awards and time-based restricted stock awards pursuant to the guidance of Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards (“SFAS”) No. 123, “Share-Based Payment” (“SFAS 123R”). Total compensation expense related to stock options, market-based restricted stock awards and time-based restricted stock awards was $1.6 million and $1.7 million for the three-month periods ended March 31, 2008 and 2007, respectively, classified in the statement of operations line items as follows:

Restricted Stock Awards

Lionbridge issued 716,100 and 432,500 shares of restricted common stock and restricted stock units with a fair market value of $3.7 million and $3.0 million in 2007 and 2006, respectively. Restrictions on disposition lapse over four years from the date of grant on each anniversary date.

On September 19, 2006, Lionbridge issued 200,000 shares of restricted common stock with a fair market value of $1.2 million to its Chief Executive Officer. This restricted stock award is subject to the following market-based vesting criteria: 33% of the market-based award vests on the date that the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $10.00; an additional 33% of the market-based award vests on the date that the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $13.50; and the remaining 34% of the market-based award vests on the date the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $17.00. The Company uses the lattice model to value market condition awards. For awards with market conditions with a cliff vesting feature, as described above, the Company recognizes stock based compensation on a straight line basis over the requisite service period.

Total compensation expense related to all restricted stock awards was $3.2 million and $2.6 million for the years ended December 31, 2007 and 2006, respectively. The weighted average grant date fair value of restricted stock awards granted during the year ended December 31, 2007 was $5.20.

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LIONBRIDGE TECHNOLOGIES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

The following table summarizes non-vested restricted stock awards activity for the year ended December 31, 2007:

Lionbridge currently expects to amortize $5,423,000 of unamortized compensation in connection with restricted stock awards outstanding as of December 31, 2007 over an estimated weighted average period of approximately 1.3 years.

Restricted Stock Awards

On September 17, 2007, Lionbridge issued 60,000 shares of restricted common stock with a fair market value of $218,000 for which restrictions on disposition lapse over four years from the date of grant on each anniversary date. On August 27, 2007, Lionbridge issued 7,500 shares of restricted common stock with a fair market value of $31,000 for which restrictions on disposition lapse over four years from the date of grant on each anniversary date. On August 15, 2007, Lionbridge issued 3,000 shares of restricted common stock with a fair market value of $13,000 for which restrictions on disposition lapse over four years from the date of grant on each anniversary date. On May 21, 2007, Lionbridge issued 20,625 restricted stock units with a fair market value of $125,000 for which restrictions on disposition lapse over thirteen months from the date of grant on each anniversary date. On May 1, 2007, Lionbridge issued 104,500 shares of restricted common stock and 182,500 restricted stock units with a fair market value of $1.4 million for which restrictions on disposition lapse over four years from the date of grant on each anniversary date. On April 24, 2007, Lionbridge issued 3,000 shares of restricted common stock with a fair market value of $16,000 for which restrictions on disposition lapse over four years from the date of grant on each anniversary date. On February 15, 2007, Lionbridge issued 231,500 shares of restricted common stock with a fair market value of $1.3 million for which restrictions on disposition lapse over four years from the date of grant on each anniversary date. Also on February 15, 2007, Lionbridge issued 84,475 shares of restricted common stock with a fair market value of $485,000 for which restrictions on disposition lapse over two years from the date of grant on each anniversary date. Lionbridge issued 612,625 and 84,475 shares of restricted common stock and restricted stock units under the Company’s 2005 Incentive Plan and the 1998 Stock Plan, respectively, in the nine-month period ended September 30, 2007.

The Company recognizes expense for stock options, market-based restricted stock awards and time-based restricted stock awards pursuant to the guidance of Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards (“SFAS”) No. 123, “Share-Based Payment” (“SFAS 123R”). Total compensation expense related to stock options, market-based

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restricted stock awards and time-based restricted stock awards was $1.7 million and $1.6 million for the three-month periods ended September 30, 2007 and 2006, respectively and $5.5 million and $4.3 million for the nine-month periods ended September 30, 2007 and 2006, respectively, classified in the statement of operations line items as follows:

Restricted Stock Awards

On May 21, 2007, Lionbridge issued 20,625 restricted stock units with a fair market value of $125,000 for which restrictions on disposition lapse over thirteen months from the date of grant on each anniversary date. On May 1, 2007, Lionbridge issued 104,500 shares of restricted common stock and 182,500 restricted stock units with a fair market value of $1.4 million for which restrictions on disposition lapse over four years from the date of grant on each anniversary date. On April 24, 2007, Lionbridge issued 3,000 shares of restricted common stock with a fair market value of $16,000 for which

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restrictions on disposition lapse over four years from the date of grant on each anniversary date. On February 15, 2007, Lionbridge issued 231,500 shares of restricted common stock with a fair market value of $1.3 million for which restrictions on disposition lapse over four years from the date of grant on each anniversary date. Also on February 15, 2007, Lionbridge issued 84,475 shares of restricted common stock with a fair market value of $485,000 for which restrictions on disposition lapse over two years from the date of grant on each anniversary date.

The Company recognizes expense for stock options, market-based restricted stock awards and time-based restricted stock awards pursuant to the guidance of Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards (“SFAS”) No. 123, “Share-Based Payment” (“SFAS 123R”). Total compensation expense related to stock options, market-based restricted stock awards and time-based restricted stock awards was $2.0 million and $1.5 million for the three-month periods ended June 30, 2007 and 2006, respectively and $3.8 million and $2.8 million for the six-month periods ended June 30, 2007 and 2006, respectively, classified in the statement of operations line items as follows:

Restricted Stock Awards

On February 15, 2007, Lionbridge issued 231,500 shares of restricted common stock with a fair market value of $1.3 million for which restrictions on disposition lapse over four years from the date of grant on each anniversary date. Also on February 15, 2007, Lionbridge issued 84,475 shares of restricted common stock with a fair market value of $485,000 for which restrictions on disposition lapse over two years from the date of grant on each anniversary date.

The Company recognizes expense for stock options, market-based restricted stock awards and time-based restricted stock awards pursuant to the guidance of SFAS No. 123, “Share-Based Payment” (“SFAS No. 123R”). In the three months ended March 31, 2007 and 2006, the Company expensed $1.7 million and $1.3 million, respectively, for stock options, market-based restricted stock awards and time-based restricted stock awards, classified in the statement of operations line items as follows:

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Restricted Stock Awards

On January 26, 2006, Lionbridge issued 14,000 shares of restricted common stock and 12,000 restricted stock units with a fair market value of $202,000. On February 15, 2006, Lionbridge issued 221,200 shares of restricted common stock and 105,500 restricted stock units with a fair market value of $2.3 million. On May 4, 2006, Lionbridge issued 9,000 restricted stock units with a fair value of $76,000. On July 27, 2006, Lionbridge issued 8,000 shares of restricted common stock with a fair market value of $45,000. On November 2, 2006, Lionbridge issued 25,800 shares of restricted common stock with a fair market value of $166,000. On November 2, 2006, Lionbridge issued 30,000 restricted stock units with a fair value of $193,000. On November 13, 2006, Lionbridge issued 7,000 shares of restricted common stock with a fair market value of $42,000. Restrictions on disposition lapse over four years from the date of grant on each anniversary date.

On September 19, 2006, Lionbridge issued 200,000 shares of restricted common stock with a fair market value of $1.2 million to its Chief Executive Officer. This restricted stock award is subject to the following market-based vesting criteria: 33% of the market-based award vests on the date that the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $10.00; an additional 33% of the market-based award vests on the date that the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $13.50; and the remaining 34% of the market-based award vests on the date the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $17.00. The Company uses the lattice model to value market condition awards. For awards with market conditions with a cliff vesting feature, as described above, the Company recognizes stock based compensation on a straight line basis over the requisite service period.

Total compensation expense related to all restricted stock awards was $2.6 million and $1.6 million for the years ended December 31, 2006 and 2005, respectively. The weighted average grant date fair value of restricted stock awards granted during the year ended December 31, 2006 was $6.74.

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LIONBRIDGE TECHNOLOGIES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

The following table summarizes non-vested restricted stock awards activity for the year ended December 31, 2006:

Lionbridge currently expects to amortize $5,431,000 of unamortized compensation in connection with restricted stock awards outstanding as of December 31, 2006 over an estimated weighted average period of approximately 1.3 years.

Restricted Stock Awards

On January 26, 2006, Lionbridge issued 14,000 shares of restricted common stock and 12,000 restricted stock units with a fair market value of $109,000. On February 15, 2006, Lionbridge issued 221,200 shares of restricted common stock and 105,500 restricted stock units with a fair market value of $1.6 million. On May 4, 2006, Lionbridge issued 9,000 restricted stock units with a fair value of $76,000. On July 27, 2006, Lionbridge issued 8,000 shares of restricted common stock with a fair market value of $45,000. Restrictions on disposition lapse over four years from the date of grant on each anniversary date.

On September 19, 2006, Lionbridge issued 200,000 shares of restricted common stock with a fair market value of $1.2 million to its Chief Executive Officer. This restricted stock award is subject to the following market-based vesting criteria: 33% of the market-based award vests on the date that the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $10.00; an additional 33% of the market-based award vests on the date that the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $13.50; and the remaining 34% of the market-based award vests on the date the Company’s average closing stock price in a consecutive thirty calendar day period is greater than or equal to $17.00. The Company uses the lattice model to value market condition awards. For awards with market conditions with a cliff vesting feature, as described above, the Company recognizes stock based compensation on a straight line basis over the requisite service period.

Total compensation expense related to all restricted stock awards was $602,000 and $331,000 for the three-month periods ended September 30, 2006 and 2005, respectively and $1.8 million and $1.2 million for the nine-month periods ended September 30, 2006 and 2005, respectively. The weighted average grant date fair value of restricted stock awards granted during the nine months ended September 30, 2006 was $7.10.

Lionbridge currently expects to amortize $5,886,000 of unamortized compensation in connection with restricted stock awards existing as of September 30, 2006.

Restricted Stock Awards

On January 26, 2006, Lionbridge issued 14,000 shares of restricted common stock and 12,000 restricted stock units with a fair market value of $109,000. On February 15, 2006, Lionbridge issued 221,200 shares of restricted common stock and 105,500 restricted stock units with a fair market value of $1.6 million. On May 4, 2006, Lionbridge issued 9,000 restricted stock units with a fair value of $76,000. Restrictions on disposition lapse over four years from the date of grant on each anniversary date. The weighted average grant date fair value of restricted stock awards granted during the six months ended June 30, 2006 was $7.14.

Total compensation related to all restricted stock awards was $646,000 and $503,000 for the three-month periods ended June 30, 2006 and 2005, respectively and $1.2 million and $819,000 for the six-month periods ended June 30, 2006 and 2005, respectively.

Lionbridge currently expects to amortize the following remaining amounts of unamortized compensation in connection with restricted stock awards existing as of June 30, 2006 in the years ending:

Restricted Stock Awards

On January 26, 2006, Lionbridge issued 14,000 shares of restricted common stock and 12,000 restricted stock units with a fair market value of $109,000. On February 15, 2006, Lionbridge issued 221,200 shares of restricted common stock and 105,500 restricted stock units with a fair market value of $1.6 million. Restrictions on disposition lapse over four years from the date of grant on each anniversary date.

Total compensation related to all restricted stock awards was $552,000 and $316,000 for the three-month periods ended March 31, 2006 and 2005, respectively.

Lionbridge currently expects to amortize the following remaining amounts of unamortized compensation in connection with restricted stock awards existing as of March 31, 2006 in the years ending:

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