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Share-Based Awards Plan (Tables)
12 Months Ended
Dec. 31, 2012
Total Share-Based Compensation Cost Recognized

The following table summarizes the total compensation cost recognized by the Group:

For the years ended December 31,
2010 2011 2012 2012
RMB RMB RMB US$
(In thousands)

Expensed as cost of revenues

6,302 7,527 10,105 1,622

Expensed as selling, general and administrative

36,811 50,012 54,512 8,750

Expensed as research and development

50,623 94,489 147,692 23,706

Capitalized as part of internal-used software

226 1,700 1,944 312
Baidu, Inc.
 
Option Activity

The following table summarizes the option activity for the year ended December 31, 2012:

 

     Number of
shares
    Weighted average
exercise
price(US$)
     Weighted
average
remaining
contractual
life (Years)
     Aggregate
intrinsic
value (US$
in thousands)
 

Share options

          

Outstanding, December 31, 2011

     71,999        470.45         2.62         51,539   

Granted

     171,488        1,094.80         

Exercised

     (33,041     259.60         

Forfeited/Cancelled

     (875     1,062.20         

Expired

     (233        

Outstanding, December 31, 2012

     209,338        1,013.10         4.29         16,264   

Vested and expected to vest at December 31, 2012

     190,669        1,008.20         4.26         15,843   

Exercisable at December 31, 2012

     23,592        525.20         1.84         12,517   
Assumptions Used to Estimate Fair Values of Share Options Granted

The following table presents the assumptions used to estimate the fair values of the share options granted in the years presented:

 

     2010      2011      2012  

Risk-free interest rate

     0.61%~1.13%         0.31%~1.03%         0.35%~0.43%   

Dividend yield

     —           —           —     

Expected volatility range

     64.76%~69.70%         48.20%~61.58%         43.60%~44.72%   

Weighted average expected volatility

     68.12%         58.27%         43.75%   

Expected life (in years)

     2.65~2.66         2.66~3.00         2.67~3.08   
Restricted Shares Activity

Restricted shares activity for the year ended December 31, 2012 was as follows:

 

     Number
of shares
    Weighted
average grant
date fair
value(US$)
 

Restricted shares

    

Unvested, December 31, 2011

     56,222        1,181.49   

Granted

     85,131        1,152.10   

Vested

     (18,552     1,113.60   

Forfeited

     (7,985     1,270.90   

Unvested, December 31, 2012

     114,816        1,164.10