Disclosure

Each of the above reports provides relevant data that allows you to meet many of the minimum disclosures outlined in ASC 718. The data requirements needed to calculate the values in the reports are provided through the upload of vesting Schedules, grant records, exercise records, and cancellation/forfeiture records.

A number of other disclosure items are required by ASC 718 such as the net period expense, unrecognized compensation expense for future periods, remaining vesting period, etc. that are not available in any of the reports under Disclosure. These items are part of the Expense, Deferred Tax and EPS Dilution reports.

1. Enter Reporting Period Start Date and End Date. This is usually the current reporting period, that being a monthly reporting period, a quarter-to-date reporting, or a year-to-date reporting period. The dates can also be used to calculate the A240 Disclosures for a future period or calculate the A240 Disclosures for a historical period. Reporting Dates default to your last entry.

Note: Reporting period must start on or after ASC 718 adoption date, i.e., Reporting Period Start date should be greater than or equal to ASC 718 adoption date, for the following reports:

2. Derive stock prices on the period start and end dates from: This has two options: Last Closed Price (default) and Custom. If Custom is selected, then a pop-up appears that requires the entry of a stock price for the Start Date and the entry of a stock price for the End Date. In both cases, the entered figure must be numeric but can be zero. Null cannot be entered.

3. Create or Edit Exercise Price Range: This control allows for the creating of stock price intervals for the Disclosure Exercise Price Rage report.

4. Liability and Non-Employee Reporting: This setting allows for the inclusion or exclusion of non-employee awards and those that have an accounting classification of Liability. The setting values are Yes and No.

5. Universal Reports: This setting decides the format of the reporting. Universal report format contains all possible columns including those in the most recent release, and and non-Universal reports have a limited number of columns. The setting values are Yes and No.

6. Select or Edit Universal Reports presentation: The Presentation button opens up a table of values from which report characteristics can be selected.

7. Exclude Grants with zero (0) Outstanding Shares: This drop-down indicates whether or not to exclude grants with zero outstanding shares from the report. The underlying purpose for this is to reduce the size of the report being generated. The default is YES, exclude grants with zero outstanding shares. This setting will be carried over to subsequent selections of this report (ie. if set to NO, the next entry to this page will show NO for this setting).

Allows to specify a subset of data that should appear on the report before calculation process has been initiated. By default, up to three levels of filtering criteria can be specified. Following fixed filtering criteria is available: Grant ID, Optionee ID, Plan Name, Award Type, Award Sub Type, Grant Date, Expiration Date, Acquisition Date, Retirement-Eligibility Date, MPA Condition, Grant Settlement Type, Accounting Classification, Employee Accounting Status, Mobility ATB, 83b Election, and Vest Name.

Additional Filtering Criteria is available by uploading User Defined filtering criteria through the Uploaded Data page.

Up to three filtering values can be specified for each filtering criteria. A filtering value can be added by clicking 'Add' to the right of the filtering criteria value input box or drop-down list.

The 'Filter to Exclude' check box permits to exclude the information specified in the Advanced Filtering Criteria.

You may select any number of the disclosure reports by checking the check box to the left of the report name.

Assumptions Disclosure Summary: Displays summaries of the model inputs (expected term, volatility, risk-free rate, dividend yield) used in option valuation sorted by groups (if present). The report has two sections: Average Assumptions and Range of Assumptions.

The Average Assumptions - results are derived by calculating the weighted average of each model input by group (if present).

The Range of Assumptions - results are derived by selecting the minimum and maximum value for each model input by group (if present).

Disclosure Detail: The most detailed version of the report, this report contains tranche-level values for all awards.

Disclosure Exercise Price Range Report: Contains numbers categorized by the exercise price of the underlying awards.

Assumptions Disclosure Summary: Contains all the details behind the Assumptions used for valuation purposes.

Note: ASC 718 adoption date and application method must first be specified on the System page under the Configure tab before you can run the Disclosure reports.

a. The user selects the type of report format they would like. Either CSV or EXCEL can be selected.

b. The user selects any grouping criteria by which they would like to have their report grouped. The user has the ability to select up to three levels of grouping.