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Software Release Update | January 2008

Expensing Report

  1. We have updated the columns of the expensing report to include the Total Expense both before and after forfeitures have been taken into account. (As opposed to having only the amount after forfeitures). This gives a better overview of the amount of expense attributed to forfeitures and will allow easier reconciliation with numbers prior to StockVantage.
  2. We have included a help link which gives further detail as to how the estimated forfeitures are calculated.
  3. Accruals - The Create Stored Accrual button is now easier to find and will always be displayed next to the Generate Report button on the expensing report. This will make it easier to generate and store the accrual at end of the reporting period. Also, a warning will be displayed if the expensing report is run without selecting a previous stored accrual.
  4. Expense Set-up – Links are now available directly from the expense report to the valuation set-up screens for new grants which have not been set-up yet on the system for expensing purposes. Within the expense set-up screens themselves we have created links to the historical reports for determining volatility, forfeiture rates and expected life.

Dilution Report

  1. We have updated the dilution report to allow calculating a daily weighted average for the unamortized expense as opposed to a simple average for the period. (The unamortized expense is one factor in calculating the buyback as part of the Treasury method.)

Updating Grant Information

  1. It is now easier to update existing grant information. When removing a grant which has been entered incorrectly all attached information will automatically be removed.
  2. Vest schedules which have been attached to a grant can now be modified with the option to update the attached grant.
    3. We have included a help link which gives further detail as to how the estimated forfeitures are calculated.