Xilinx Inc. and Subsidiaries - Page 11

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         would be borne by XI.  The cost equaled the stock’s market price             
         on the exercise date over the exercise price.  Upon receipt of               
         petitioner’s notice specifying the appropriate amount, XI was                
         required to pay petitioner.                                                  
              On March 31, 1996, petitioner and XI also entered into the              
         Xilinx, Inc./Xilinx Ireland Employee Stock Purchase Plan                     
         Reimbursement Agreement (ESPP Reimbursement Agreement), which                
         allowed XI employees to purchase, with payroll deductions,                   
         petitioner’s stock.  XI was required to pay petitioner the cost              
         associated with the exercise of the options.  Pursuant to the                
         agreement, the cost equaled the stock’s market price on the                  
         exercise date over the exercise price.  Upon receipt of                      
         petitioner’s notice specifying the appropriate amount, XI was                
         required to pay petitioner.                                                  
         V.   Financial Accounting Disclosure Rules                                   
              A.   Background                                                         
              The Financial Accounting Standards Board (FASB) is the                  
         professional organization primarily responsible for establishing             
         financial reporting standards in the United States.  FASB's                  
         standards are known as Generally Accepted Accounting Principles              
         (GAAP).  For more than 30 years, FASB has recognized certain ESOs            
         as an expense to the issuing corporation.                                    








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Last modified: May 25, 2011