Annual report pursuant to Section 13 and 15(d)

Stock-based Compensation Plans and Awards (Tables)

v2.4.0.6
Stock-based Compensation Plans and Awards (Tables)
12 Months Ended
Jan. 31, 2013
Stock-based Compensation Plans and Awards  
Schedule of assumptions used for estimating the fair value of stock options

 

 

 
  Fiscal Year Ended January 31,
 
  2011   2012   2013

Expected life (in years)

  5.91 - 6.09   5.72 - 7.02   6.02 - 6.67

Risk-free interest rate

  1.41% - 2.92%   1.10% - 2.77%   0.99% - 1.52%

Expected volatility

  57% - 58%   54% - 57%   56% - 57%

Expected dividend yield

  0%   0%   0%
Schedule of stock option activity

 

 

 
  Options Outstanding  
 
  Shares Available
for Grant
  Outstanding
Stock Options
  Weighted-
Average
Exercise
Price
  Weighted-
Average
Remaining
Contractual
Term
(in years)
  Aggregate(1)
Intrinsic Value
 
 
  (in thousands, except share and per share data)
 

Balance as of January 31, 2012

    10,259,069     34,810,926   $ 2.43     7.04   $ 379,355  
                           

Additional shares authorized

    11,717,956                          
                               

Granted

    (1,450,000 )   1,450,000     10.65              

Restricted stock

    (4,484,846 )                        

Exercised

        (8,408,842 )   0.82              

Cancelled/Forfeited

    1,749,135     (1,749,135 )   5.25              
                           

Balance as of January 31, 2013

    17,791,314     26,102,949   $ 3.22     6.40   $ 224,736  
                           

Exercisable as of January 31, 2013

          17,434,514   $ 1.48     5.58   $ 178,135  
                             

Vested as of January 31, 2013 and expected to vest thereafter(2)

          25,432,481   $ 3.07     6.34   $ 222,779  
                             

(1)
Amounts represent the difference between the exercise price and the fair value of common stock at each period end for all in the money options outstanding based on the fair value per share of common stock of $3.14, $13.19 and $11.52 as of January 31, 2011, 2012 and 2013, respectively.

(2)
Options expected to vest reflect an estimated forfeiture rate.
Schedule of activities for RSUs

 

 

 
  Number of
Shares
  Weighted-
Average
Grant-Date
Fair Value
 

Unvested at January 31, 2012

    1,426,975   $ 12.03  

Granted

    4,864,000     10.37  

Vested

    (400,112 )   12.20  

Canceled

    (379,154 )   11.77  
             

Unvested at January 31, 2013

    5,511,709   $ 10.57  
             

Expected to vest after January 31, 2013(1)

    5,002,948   $ 10.59  

(1)
Options expected to vest reflect an estimated forfeiture rate.
Schedule of stock-based compensation expenses related to all employee and non-employee stock-based awards

 

 

 
  Fiscal Year Ended January 31,  
 
  2011   2012   2013  
 
  (in thousands)
 

Stock-based compensation expenses:

                   

Cost of revenue—other

  $ 85   $ 582   $ 1,214  

Product development

    329     1,638     4,530  

Marketing and sales

    549     4,866     12,294  

General and administrative

    492     2,101     7,462  
               

Total stock-based compensation, recorded in costs and expenses

  $ 1,455   $ 9,187   $ 25,500