Employee Equity Incentive Plans
|9 Months Ended|
Sep. 30, 2017
|Employee Benefits and Share-based Compensation, Noncash [Abstract]|
|Employee Equity Incentive Plans [Text Block]||
Note 17: 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 May 2017, stockholders approved an extension of the expiration date of the 2006 Equity Incentive Plan to June 2020 and approved an additional 33 million shares reserved for issuance under the plan. As of September 30, 2017, 218 million shares of common stock remained available for future grants.
Share-based compensation expense recognized was $397 million, which includes $71 million of cash-settled awards in connection with the Mobileye acquisition, in the third quarter of 2017 and $1.1 billion in the first nine months of 2017 ($324 million in the third quarter of 2016 and $1.1 billion in the first nine months of 2016).
Restricted Stock Unit Awards
Restricted stock unit activity in the first nine months of 2017 was as follows:
The aggregate fair value of awards that vested in the first nine months of 2017 was $1.5 billion, 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 nine months of 2017 was $1.0 billion. 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.
Stock Purchase Plan
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. The 2006 Stock Purchase Plan has 150 million shares of common stock remaining through August 2021 for issuance.
Employees purchased 15 million shares of common stock in the first nine months of 2017 for $432 million (16.5 million shares of common stock in the first nine months of 2016 for $415 million) under the 2006 Stock Purchase Plan.
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://www.xbrl.org/2003/role/presentationRef