XML 82 R45.htm IDEA: XBRL DOCUMENT v2.4.1.9
Share-Based Awards Plan (Tables)
12 Months Ended
Dec. 31, 2014
Total Share-Based Compensation Cost Recognized

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

 

     For the years ended December 31,  
     2012      2013      2014      2014  
     RMB      RMB      RMB      US$  
     (In thousands)  

Expensed as cost of revenues

     10,105         23,976         34,611         5,578   

Expensed as selling, general and administrative

     54,512         164,704         426,052         68,667   

Expensed as research and development

     147,692         326,047         502,077         80,921   

Capitalized as part of internal-used software

     1,944         229         —           —     
Baidu, Inc.  
Option Activity

The following table summarizes the option activity for the year ended December 31, 2014:

 

     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, 2013

     232,572         1,042.90         8.62         171,156   

Granted

     19,477         1,916.10         

Exercised

     (30,819      942.10         

Forfeited/Cancelled

     (22,838      1,071.40         

Outstanding, December 31, 2014

     198,392         1,141.00         7.83         225,915   

Vested and expected to vest at December 31, 2014

     171,597         1,139.30         7.80         195,684   

Exercisable at December 31, 2014

     66,993         1,003.30         7.14         85,509   
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:

 

    2012     2013     2014  

Risk-free interest rate

    0.35%~0.43%        0.40%~1.35%        1.52%~1.77%   

Dividend yield

    —          —          —     

Expected volatility range

    43.60%~44.72%        42.33%~44.17%        40.96%~41.59%   

Weighted average expected volatility

    43.75%        43.33%        41.36%   

Expected life (in years)

    2.67~3.08        3.08~4.57        4.57   
Restricted Shares Activity

Restricted shares activity for the year ended December 31, 2014 was as follows:

 

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

Restricted shares

     

Unvested, December 31, 2013

     146,510         1,151.40   

Granted

     152,852         1,815.60   

Vested

     (45,161      1,157.70   

Forfeited

     (34,797      1,346.10   

Unvested, December 31, 2014

     219,404         1,582.60   
Qunar  
Option Activity

The following table summarizes Qunar’s option activity for the year ended December 31, 2014:

 

    Number of
shares
    Weighted
average

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

Qunar’s share options

       

Outstanding, December 31, 2013

    25,192,696        1.40        7.39        184,355   

Granted

    9,993,411        0.01       

Exercised

    (8,907,408     0.27       

Forfeited/Cancelled

    (1,115,256     0.02       

Outstanding, December 31, 2014

    25,163,443        1.30        7.89        201,417   

Vested and expected to vest at December 31, 2014

    21,880,749        1.43        7.75        176,072   

Exercisable at December 31, 2014

    9,685,685        1.72        6.62        75,118   

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:

 

     2012      2013      2014  

Risk-free interest rate

     1.70%~2.28%         1.91%~2.71%         1.91%~2.07%   

Dividend yield

     —           —           —     

Expected volatility range

     48.03%~49.84%         46.68%~47.66%         45.78%~46.58%   

Expected life (in years)

     10         10         6.11