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## Employee Stock Purchase Plan 

## Core Logic, Inc. Notes to the Consolidated Financial Statements For the Years Ended December 31, 2020, 2019 and 2018 

The employee stock purchase plan allows eligible employees to purchase our common stock at 85.0% of the lesser of the closing price on the first day or the last day of each quarter. Our employee stock purchase plan was approved by our stockholders at our 2012 annual meeting of stockholders and the first offering period commenced in October 2012. We recognized an expense for the amount equal to the estimated fair value of the discount during each offering period. 

The following table sets forth the share-based compensation expense recognized for the years ended December 31, 2020, 2019 and 2018: 

<img src='content_image/1019613.jpg'>

The above share-based compensation expense has $3.3 million, $2.2 million and $4.9 million included within cost of services for the years ended December 31, 2020, 2019 and 2018, respectively. Additionally, we recognized $1.0 million, $1.1 million, and $0.7 million of share-based compensation expense for the years ended December 31, 2020, 2019 and 2018, respectively, reported within income/(loss) from discontinued operations 

## Note 13 - Employee Benefit Plans 

We currently offer a variety of employee benefit plans, including two non-qualified defined benefit plans, the CoreLogic, Inc. 401(k) Savings Plan ("Savings Plan"), and a deferred compensation plan. 

## Non-qualified Plans 

The non-qualified plans are comprised of our frozen unfunded supplemental management and executive benefit plans (collectively, “SERPs”) and a frozen pension restoration plan (the “Restoration Plan”). The non-qualified plans are exempt from most provisions of the Employee Retirement Income Security Act because they are only available to a select group of management and highly compensated employees and are therefore not qualified employee benefit plans. To preserve the tax-deferred savings advantages of a non-qualified plan, federal law requires that it be an unfunded or informally funded future promise to pay. 

