Stock options microsoft employees
We grant stock-based compensation to directors and employees. At June 30,an aggregate of million shares were authorized for future grant under our stock plans, covering stock options, stock awards, and shared performance stock awards, and excluding shares reserved for issuance under our employee stock purchase plan. Awards that expire or are canceled without delivery of shares generally become available for issuance under the plans. We issue new shares of Microsoft common stock to satisfy exercises and vestings of awards granted under all of our stock plans. Stock awards "SAs" are grants that entitle the holder to shares of Microsoft common stock stock the award vests. Our SAs generally vest over a five-year period. Shared performance stock awards "SPSAs" are a form of SA in which the number of shares ultimately received depends on our business performance against specified performance targets. We granted SPSAs for fiscal years, and with performance periods of July 1, employees June 30,July 1, through June 30,and July 1, through June 30,respectively. The percentage is based on performance metrics for the performance period, as determined by the Compensation Committee of the Board of Directors in its sole discretion. One-quarter of the shares of stock subject to each award vest following the end employees the performance period, and an additional one-quarter of the shares vest on each of the following three anniversaries of the grant date. Under the Executive Officer Incentive Plan "EOIP"the Compensation Committee awards performance-based compensation to executive officers of the Company for specified performance periods. During the periods reported, executive officers were eligible employees receive annual awards comprised of cash and SAs from an aggregate incentive pool equal to a percentage of the Options operating income. For fiscal years, andthe pool was 0. In September following the end of the fiscal year, each executive officer may receive a combined options and SA award with a total value equal to a fixed percentage of the aggregate pool. The SA portion of the award vests one-quarter immediately after the award is approved following fiscal year-end and one-quarter on Options 31 of each of the following three years. These costs are expected to be recognized over a weighted average period of 3. We grant stock options primarily in conjunction with business acquisitions. We granted zero, one million, and one million stock options in conjunction with business acquisitions during fiscal years, andrespectively. Options generally vest over four and one-half stock and expire 10 years from the date of grant. Options outstanding as of June 30, include approximately two million options that were granted in conjunction with business acquisitions. We have an employee stock purchase plan for all eligible employees. Employees purchased the following shares during the periods presented:. At June 30,43 million shares of microsoft common stock were reserved for future issuance through the employee stock purchase plan. We have a savings plan in the U. Matching contributions are invested proportionate to each participant's voluntary contributions in the investment options provided under the plan. Investment options in the U. Microsoft Corporation Annual Report. Home Shareholder Letter Financial Highlights Financial Review Directors and Officers Investor Relations. Employee Stock and Savings Plans Back Next. Download Center Proxy Statement Investor Microsoft Website Site Map. Weighted Average Grant-Date Fair Stock. Weighted Average Remaining Microsoft Term.
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