Share-Based Payments

We maintain the 2012 Long-Term Incentive Plan (the “2012 Plan”) under which we 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 awards currently outstanding under the 1992 Long-term Incentive Plan, which was adopted in February 1992 and expired in February 2012. Stock option awards have a maximum term of seven years. In general, stock option awards and restricted stock unit awards not subject to market or performance conditions vest annually over four years. Restricted stock unit awards subject to market or performance conditions vest annually over three years based on the achievement of specified criteria.

Stock Options

The following table summarizes option activity during the quarter ended December 31, 2018:



	Shares		Weighted-average Exercise Price		Weighted-average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)				(In years)	(In thousands)
Outstanding at October 1, 2018	996		$	63.13
Granted	66		185.05
Exercised	(138	)	54.69
Outstanding at December 31, 2018	924		$	73.16	2.72	$	105,207
Exercisable at December 31, 2018	836		$	61.99	2.30	$	104,507
Vested and expected to vest at December 31, 2018	918		$	72.39	2.70	$	105,161

Restricted Stock Units

The following table summarizes restricted stock unit activity during the quarter ended December 31, 2018:



	Shares		Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2018	1,113		$	127.34
Granted	313		185.99
Released	(339	)	112.42
Forfeited	(4	)	149.46
Outstanding at December 31, 2018	1,083		$	148.90

Performance Share Units

The following table summarizes performance share unit activity during the quarter ended December 31, 2018:



	Shares		Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2018	210		$	133.76
Granted	45		185.05
Released	(105	)	123.04
Outstanding at December 31, 2018	150		$	156.83

Market Share Units

The following table summarizes market share unit activity during the quarter ended December 31, 2018:



	Shares		Weighted-average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2018	114		$	159.34
Granted	105		169.46
Released	(119	)	143.57
Outstanding at December 31, 2018	100		$	188.63