v2.4.0.6
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2010
Share-Based Compensation  
Assumptions used to estimate fair value of stock options

Assumptions:
  December 31,
2010 		  December 31,
2009 		  December 31,
2008 		 

Expected option term (in years)

     5.43     5.14     5.07  

Expected dividend yield

     1.36 %   1.47 %   0.60 %

Expected volatility

     44.34 %   43.35 %   28.56 %

Risk-free interest rate

     2.56 %   2.31 %   2.58 %
Summary of stock option activity

Options
  Shares   Weighted-Average
Exercise Price 		  Weighted-Average
Remaining
Contractual Term		   Aggregate
Intrinsic
Value 		 

(US$ in millions)

                          

Outstanding at January 1, 2010

     4,658,629   $ 56.32              

Granted

     965,600   $ 61.60              

Exercised

     (171,643 ) $ 33.00              

Forfeited or expired

     (209,755 ) $ 74.52              
                         

Outstanding at December 31, 2010

     5,242,831   $ 57.34     5.76   $ 76  
                       

Exercisable at December 31, 2010

     3,708,035   $ 54.78     4.46   $ 66  
                       
Summary of restricted stock unit activity

Restricted Stock Units
  Shares   Weighted-Average
Grant-Date Fair
Value		  

Restricted stock units at January 1, 2010 (1)

     1,081,544   $ 75.15  

Granted

     583,753   $ 58.67  

Vested/issued (2)

     (348,492 ) $ 80.42  

Forfeited/cancelled (2)

     (182,052 ) $ 65.78  
             

Restricted stock units at December 31, 2010 (1)

     1,134,753   $ 67.15  
             
(1)
Excludes accrued unvested corresponding dividends, which are payable in shares upon vesting in Bunge's common shares. As of December 31, 2010, there were 14,888 unvested corresponding dividends accrued. Accrued unvested corresponding dividends are revised upon non-achievement of performance targets.

(2)
During 2010, Bunge issued 348,492 common shares, net of common shares withheld to cover taxes, including related common shares representing accrued corresponding dividends, with a weighted-average fair value of $60.39 per share. In 2010, payment/issuance of approximately 4,340 vested restricted stock units and related earned dividends were deferred by participants. As of December 31, 2010, Bunge has approximately 24,003 deferred common share units including common shares representing accrued corresponding dividends. During 2010, Bunge canceled in the aggregate approximately 167,348 shares related primarily to performance-based restricted stock unit awards that were withheld to cover payment of employee related taxes and performance-based restricted stock unit awards did not vest due to non-achievement of performance targets.