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Share-Based Payments
 3 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Share-Based Payments 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.
We also maintain the 2019 Employee Stock Purchase Plan, which authorizes the issuance of common stock to eligible employees. Employees have up to 15% of their eligible pay withheld through payroll deductions to purchase FICO common stock during semi-annual offering periods. The purchase price of the stock is 85% of the closing sales price on the last trading day of each offering period. Offering period means the approximately six-month long periods commencing (a) on the first trading day on or after September 1 and terminating on the last trading day in the following February, and (b) on the first trading day on or after March 1 and terminating on the last trading day in the following August.
Stock Options
The following table summarizes option activity during the quarter ended December 31, 2019:
 
Shares
 
Weighted-average Exercise Price
 
Weighted-average Remaining Contractual Term
 
Aggregate Intrinsic Value
 
(In thousands)
 
 
 
(In years)
 
(In thousands)
Outstanding at September 30, 2019
616

 
$
89.36

 
 
 
 
       Granted
16

 
352.18

 
 
 
 
       Exercised
(93
)
 
54.51

 
 
 
 
       Forfeited
(1
)
 
185.05

 
 
 
 
Outstanding at December 31, 2019
538

 
$
103.12

 
2.94
 
$
146,033

Exercisable at December 31, 2019
458

 
$
81.93

 
2.39
 
$
134,066

Vested and expected to vest at December 31, 2019
533

 
$
101.77

 
2.91
 
$
145,490


Restricted Stock Units
The following table summarizes restricted stock unit activity during the quarter ended December 31, 2019:
 
Shares
 
Weighted-average Grant-date Fair Value
 
(In thousands)
 
 
Outstanding at September 30, 2019
998

 
$
159.99

       Granted
201

 
353.37

       Released
(331
)
 
138.52

       Forfeited
(28
)
 
166.59

Outstanding at December 31, 2019
840

 
$
214.39


Performance Share Units
The following table summarizes performance share unit activity during the quarter ended December 31, 2019:
 
Shares
 
Weighted-average Grant-date Fair Value
 
(In thousands)
 
 
Outstanding at September 30, 2019
195

 
$
163.38

       Granted
53

 
354.18

       Released
(101
)
 
152.45

       Forfeited
(20
)
 
175.50

Outstanding at December 31, 2019
127

 
$
248.97


Market Share Units
The following table summarizes market share unit activity during the quarter ended December 31, 2019:
 
Shares
 
Weighted-average Grant-date Fair Value
 
(In thousands)
 
 
Outstanding at September 30, 2019
100

 
$
188.63

       Granted
97

 
249.13

       Released
(124
)
 
171.42

       Forfeited
(10
)
 
202.48

Outstanding at December 31, 2019
63

 
$
311.91


Employee Stock Purchase Plan
As our first semi-annual offering period started on September 1, 2019, no shares have been purchased during the quarter ended December 31, 2019.