10. 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, 2017:



	Shares		Weighted-average Exercise Price		Weighted-average Remaining Contractual Term	Aggregate Intrinsic Value
	(In thousands)				(In years)	(In thousands)
Outstanding at October 1, 2017	1,230		$	56.54
Granted	3		157.31
Exercised	(21	)	33.10
Outstanding at December 31, 2017	1,212		$	57.19	2.90	$	116,380
Exercisable at December 31, 2017	1,051		$	53.34	2.68	$	105,003
Vested and expected to vest at December 31, 2017	1,207		$	57.06	2.89	$	116,081

Restricted Stock Units

The following table summarizes restricted stock unit activity during the quarter ended December 31, 2017:



	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2017	1,144		$	97.95
Granted	358		157.11
Released	(351	)	86.88
Forfeited	(5	)	109.08
Outstanding at December 31, 2017	1,146		$	119.76

Performance Share Units

The following table summarizes performance share unit activity during the quarter ended December 31, 2017:



	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2017	204		$	105.37
Granted	51		157.03
Released	(95	)	98.15
Outstanding at December 31, 2017	160		$	126.27

Market Share Units

The following table summarizes market share unit activity during the quarter ended December 31, 2017:



	Shares		Weighted- average Grant-date Fair Value
	(In thousands)
Outstanding at October 1, 2017	131		$	123.82
Granted	102		151.78
Released	(119	)	113.70
Outstanding at December 31, 2017	114		$	159.34