Quarterly report pursuant to Section 13 or 15(d)

Employee Equity Incentive Plans

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Employee Equity Incentive Plans
 3 Months Ended
Apr. 02, 2016
Employee Benefits and Share-based Compensation [Abstract]  
Employee Equity Incentive Plans [Text Block]
Note 15: Employee Equity Incentive Plans
Our equity incentive plans are broad-based, long-term programs intended to attract and retain talented employees and align stockholder and employee interests.
In connection with our completed acquisition of Altera, we assumed two of their equity incentive plans with outstanding unvested stock options and restricted stock units. The assumed stock options and restricted stock units generally retained the terms and conditions under which they were originally granted. We will not grant additional shares under these assumed plans.
As of April 2, 2016, 252 million shares of common stock remained available for future grant under the 2006 Equity Incentive Plan through June 2018.
The 2006 Stock Purchase Plan allows eligible employees to purchase shares of our common stock at 85% of the value of our common stock on specific dates. Rights to purchase shares of common stock are granted during the first and third quarters of each year. As of April 2, 2016, 172 million shares of common stock remained available for issuance under the 2006 Stock Purchase Plan through August 2021.
Share-Based Compensation
Share-based compensation expense recognized in the first three months of 2016 was $448 million ($368 million in the first three months of 2015).
Restricted Stock Unit Awards
Restricted stock unit (RSU) activity in the first three months of 2016 was as follows: 
 
 
Number of
RSUs
(In Millions)
 
Weighted Average
Grant-Date
Fair Value
December 26, 2015
 
107.4

 
$
26.93

Granted
 
8.3

 
$
32.39

Assumed in acquisition
 
7.3

 
$
33.79

Vested
 
(5.3
)
 
$
28.89

Forfeited
 
(1.8
)
 
$
27.47

April 2, 2016
 
115.9

 
$
27.66


The aggregate fair value of awards that vested in the first three months of 2016 was $165 million, which represents the market value of our common stock on the date that the RSUs vested. The grant-date fair value of awards that vested in first three months of 2016 was $153 million. The number of RSUs vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements. RSUs that are expected to vest are net of estimated future forfeitures.
As of April 2, 2016, 6.9 million of the outstanding RSUs were market-based RSUs.
Stock Purchase Plan
Employees purchased 9.2 million shares of common stock in the first three months of 2016 for $227 million (8.1 million shares of common stock in the first three months of 2015 for $234 million) under the 2006 Stock Purchase Plan.