Gigabyte On January l, 2010, Gigabyte Inc. granted 10,000 "at-the-money" employee stock options (i.e., the exercise price was equal to the stock price on the grant date). To align the compensation of the employees with the financial performance of the company, the award will vest only if cumulative revenue over the following three-year reporting period is greater than $100 million and the employees are still employed by Gigabyte. As of the date of the grant, management believes it is probable that the company will achieve cumulative revenue in excess of SIOO million over the following three-year period. Each award has a grant-date fair value of $15. Gigabyte's valuation professionals have indicated that if the revenue target was factored into the fair value assessment, the grant-date fair value would be $12. Gigabyte adopted ASC 718, Compensation Stock Compensation Revenue in each of the next three years was as follows: 2010: $30 million 2011 $20 million 2012: $50 million