Share-Based Payments

3 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Payments

Share-Based Payments

We maintain the 2012 Long-Term Incentive Plan (the “2012 Plan”) under which we could grant equity awards, including stock options, stock appreciation rights, restricted stock awards, stock unit awards and other stock-based awards. All employees, consultants and advisors of FICO or any subsidiary, as well as all non-employee directors are eligible to receive awards under the 2012 Plan. We also have two other long-term incentive plans under which awards are currently outstanding: the 1992 Long-term Incentive Plan, which was adopted in February 1992 and expired in February 2012, and the 2003 Employment Inducement Award Plan, which was adopted in November 2003 and terminated in February 2012. Stock option awards granted after September 30, 2005 have a maximum term of seven years, and stock option awards granted prior to October 1, 2005 have a maximum term of ten years. Stock option awards and restricted stock unit awards not subject to market conditions vest ratably over three or four years. Restricted stock unit awards subject to market conditions vest annually over a period of three years based on achievement of specified criteria.

Stock Options

The following table summarizes option activity during the quarter ended December 31, 2014:

	Shares		Weighted-average Exercise Price		Weighted-average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)				(In years)	(In thousands)
Outstanding at October 1, 2014	2,089		$	36.24
Granted	493		72.06
Exercised	(217	)	30.92
Forfeited	(35	)	39.49
Outstanding at December 31, 2014	2,330		$	44.27	4.72	$	65,330
Options exercisable at December 31, 2014	1,103		$	33.79	3.80	$	42,477
Vested and expected to vest at December 31, 2014	2,151		$	43.17	4.68	$	62,664

Restricted Stock Units

The following table summarizes restricted stock unit activity during the quarter ended December 31, 2014:

	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2014	1,440		$	46.68
Granted	389		70.33
Released	(356	)	43.11
Forfeited	(54	)	45.53
Outstanding at December 31, 2014	1,419		$	54.11

Performance Stock Units

The following table summarizes performance stock unit activity during the quarter ended December 31, 2014:

	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2014	381		$	47.19
Granted	83		71.86
Released	(135	)	45.58
Forfeited	(29	)	50.36
Outstanding at December 31, 2014	300		$	54.46

Market Stock Units

The following table summarizes market stock unit activity during the quarter ended December 31, 2014:

	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2014	88		$	68.47
Granted	83		101.85
Released	(24	)	58.07
Forfeited	(11	)	66.37
Outstanding at December 31, 2014	136		$	90.89