📄 Extracted Text (380 words)
S-1/A
Options exercisable at
December 31, 2014 86,431,063 $ 4.46 8.36 $ 490,227
A summary of stock option activity for the nine months ended September 30, 2015 is as follows (unaudited, in thousands,
except share and per share data):
Weighted
average
Weighted remaining
Number of average contractual Aggregate
stock options exercise term intrinsic
outstanding price (in years) value
Balance at December 31, 2014 87,471,413 $ 4.46 8.36 S 490,227
Granted 32,585,935 12.88
Exercised (5,197,234) 3.04
Forfeited (8,726.938) 6.46
Balance at September 30, 2015 106,133,176 $ 6.95 8.21 $ 896,164
Options vested and expected to vest at
September 30, 2015 89,108,401 $ 6.25 7.90 $ 814,499
Options exercisable at
September 30, 2015 106,133,176 $ 6.95 8.21 $ 896,164
Aggregate intrinsic value represents the difference between the Company's estimated fair value of its common stock and the
exercise price of outstanding, "in-the-money" options. Aggregate intrinsic value for stock options exercised through December 31,
2012, 2013, and 2014 was $2.9 million, $10.9 million, and $47.8 million, respectively. Aggregate intrinsic value for stock options
exercised through September 30, 2015 was $46.2 million.
F-39
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The total weighted average grant-date fair value of options granted was $1.05, $1.61, $3.84. $3.62. and $6.04 per share for
the years ended December 31. 2012, 2013. 2014. and the nine months ended September 30, 2014 and September 30, 2015,
respectively.
Restricted Stock Activity
The Company issued restricted stock awards (RSAs) to certain employees in fiscal year 2011 and prior. These awards
typically vest over a term of two to four years. No restricted stock awards have been issued under the Plan since 2011.
Activity related to RSAs for the year ended December 31, 2014 is set forth below:
Weighted
Number of average grant
RSAs date fair value
Unvested at December 31, 2013 152.580 0.12
Vested (152.580) 0.12
Unvested at December 31, 2014
The Company issued restricted stock units (RSUs) to certain employees in fiscal year 2015. These units typically vest over a
term of four years.
Activity related to RSUs during the nine months ended September 30, 2015 is set forth below:
Weighted
Number of average grant
RSUs date fair value
Unvested at December 31, 2014
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CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0074964
CONFIDENTIAL SDNY_GM_00221148
EFTA01377812
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EFTA01377812
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