Exchange Offer Considerations and

Case Studies

Exhibit  (a)(1)(H)

Purpose of this Presentation

•

Remind Googlers

of the Key Dates and Terms

•

Provide you with considerations for your decision making

•

Illustrate what different elections mean for your vesting schedule

•

Ensure you know where to go for help

Reminder:  Google is not authorized to give financial advice

2

Contents

•

Review of Offer Terms, Eligibility, and Key Dates

•

Considerations and Trade offs

•

Case Studies

•

Links and aliases for help

3

Current Offer Terms, Eligibility, and Key Dates

Term

Description

Grant Eligibility

Outstanding stock options, vested and unvested

Exchange Ratio

One old option for one new option

Grant Exchange

Grants may be exchanged whole, or in part.

Partial exchanges will be made equally from

vested and unvested options

Post-Exchange Vesting

Schedule

To determine the new vesting date of the options

you exchange, add 12 months to each vesting

anniversary (vested and unvested)

In addition, options which are exchanged will vest

no sooner than six months after the close of the

Offer Period (currently September 9, 2009)

Option Term

The term of the option does not extend.  An

option with 8 years left pre-offer will still have an

8-year term if exchanged

Participants

All Googlers*

Offer Period Opens

February 3, 2009

Offer Period Closes

6:00 a.m. PacificTime, March 9, 2009

* Some countries may be excluded due to local law.

4

5

Considerations and trade offs

•

Deciding whether to participate in the exchange offer is a personal one.

•

Among the many factors to keep in mind:

–

What role do options play in your long-term financial strategy?

–

What is your tolerance for risk and your desire to diversify?

–

What is your need for current income?

–

What is your investment time horizon?

Please consider consulting with a professional financial,

legal or tax advisor for your specific situation.

6

Illustration of trade-offs

Consideration

Possible Scenario

Your long-term financial strategy

•

If your options are underwater, the exchange may increase the value of your

options.

•

You may consider participating fully in the exchange if your current strike price is

above the market price.

Your desire to diversify

•

The exchange will cause an extension of vesting time.

•

Depending upon your commitment to diversification, you may want to weigh the

potential financial upside vs. the time for additional vesting.

Your desire for current income

•

If you typically exercise your options to realize current income, participating in the

exchange will reduce the options you have immediately available.

•

Based on your cash flow needs, you may consider participating in

the exchange.

Googler

Case Studies -

Sunil

Sunil is a Googler

who joined in November 2007

•

His 2007 New Hire Grant of 300 options is priced at $740.00.

•

His 2008 Refresh Grant of 120 options is priced at $527.04.

Decision:  Full exchange

•

He decides to exchange 100% of his 2007 New Hire Grant and

•

He exchanges 100% of his 2008 Refresh Grant.

Note:

Assumes

Sunil

has

never

exercised

any

options.

The

“Currently

Vested”

calculation

includes

options

vested

from

November

2007,

through

March

2,

2009.

The

Q1

2009

figure

reflects

options

vesting

after

the

Offer

Period

has

closed. 

Pre-Exchange Vesting

Currently

2009

2010

2011

2012

2013

Grant

Vested

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Total

New Hire 07

93

7

18

19

19

19

18

19

19

19

18

19

13

-

-

-

-

-

-

-

-

300

Refresh 08

-

-

-

35

7

8

7

8

7

8

7

8

7

8

7

3

-

-

-

-

-

120

Total

93

7

18

54

26

27

25

27

26

27

25

27

20

8

7

3

-

-

-

-

-

420

Post-Exchange Vesting

Vested Post-

2009

2010

2011

2012

2013

Grant

Exchange

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Total

New Hire 07

-

-

-

-

81

19

18

19

19

19

18

19

19

19

18

19

13

-

-

-

-

300

Refresh 08

-

-

-

-

-

-

-

35

7

8

7

8

7

8

7

8

7

8

7

3

-

120

Total

-

-

-

-

81

19

18

54

26

27

25

27

26

27

25

27

20

8

7

3

-

420

7

Googler

Case Studies -

Fiona

Fiona is a Googler

who joined in December 2006.

•

Her 2006 New Hire Grant of 300 options is priced at $480.00.

•

Her 2007 Refresh Grant of 100 options is priced at $594.05.

•

Her 2008 Refresh Grant of 120 options is priced at $527.04.

Decision:  Partial exchange

•

Fiona decides to exchange 0% of her 2006 New Hire Grant and

•

She

exchanges

50%

of

her

2007

Refresh

Grant

and

100%

of

her

2008

Refresh

Grant.

Note:

Assumes

Fiona

has

never

exercised

any

options.

The

“Currently

Vested”

calculation

includes

options

vested

from

time

of

grant

through

March

2,

2009.

The

Q1

2009

figure

reflects

options

vesting

after

the

Offer

Period

has

closed.

Pre-Exchange Vesting

Currently

2009

2010

2011

2012

2013

Grant

Vested

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Total

New Hire 06

162

6

19

19

19

18

19

19

19

-

-

-

-

-

-

-

-

-

-

-

-

300

Refresh 07

33

2

6

6

7

6

6

6

7

6

6

6

3

-

-

-

-

-

-

-

-

100

Refresh 08

-

-

-

35

7

8

7

8

7

8

7

8

7

8

7

3

-

-

-

-

-

120

Total

195

8

25

60

33

32

32

33

33

14

13

14

10

8

7

3

-

-

-

-

-

520

Post-Exchange Vesting

Vested Post-

2009

2010

2011

2012

2013

Grant

Exchange

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Total

New Hire 06

162

6

19

19

19

18

19

19

19

-

-

-

-

-

-

-

-

-

-

-

-

300

Refresh 07

17

1

3

3

17

6

6

6

8

6

6

6

4

3

3

3

2

-

-

-

-

100

Refresh 08

-

-

-

-

-

-

-

35

7

8

7

8

7

8

7

8

7

8

7

3

-

120

Total

179

7

22

22

36

24

25

60

34

14

13

14

11

11

10

11

9

8

7

3

-

520

8

Googler

Case Studies -

Pat

Pat is a Googler

who joined in June 2005.

•

Pat’s 2005 New Hire Grant of 300 options is priced at $291.25.

•

Pat’s 2006 Refresh Grant of 80 options is priced at $508.01.

•

Pat’s 2007 Refresh Grant of 100 options is priced at $594.05.

•

Pat’s 2008 Refresh Grant of 120 options is priced at $527.04.

Decision:  No exchange

•

Pat

decides

not

to

exchange

any

options

in

the

exchange

offer.

Pat’s

vesting

remains

unchanged.

Pre-Exchange Vesting

Currently

2009

2010

2011

2012

2013

Grant

Vested

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Total

New Hire 05

281

-

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

Refresh 06

45

1

5

5

5

5

5

5

4

-

-

-

-

-

-

-

-

-

-

-

-

80

Refresh 07

33

2

6

6

7

6

6

6

7

6

6

6

3

-

-

-

-

-

-

-

-

100

Refresh 08

-

-

-

35

7

8

7

8

7

8

7

8

7

8

7

3

-

-

-

-

-

120

Total

359

3

30

46

19

19

18

19

18

14

13

14

10

8

7

3

-

-

-

-

-

600

Post-Exchange Vesting

Vested Post-

2009

2010

2011

2012

2013

Grant

Exchange

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Total

New Hire 05

281

-

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

Refresh 06

45

1

5

5

5

5

5

5

4

-

-

-

-

-

-

-

-

-

-

-

-

80

Refresh 07

33

2

6

6

7

6

6

6

7

6

6

6

3

-

-

-

-

-

-

-

-

100

Refresh 08

-

-

-

35

7

8

7

8

7

8

7

8

7

8

7

3

-

-

-

-

-

120

Total

359

3

30

46

19

19

18

19

18

14

13

14

10

8

7

3

-

-

-

-

-

600

9

Note:

Assumes

Pat

has

never

exercised

any

options.

The

“Currently

Vested”

calculation

includes

options

vested

from

time

of

grant

through

March

2,

2009.

Links and Aliases

•

FAQ

•

Election tool

•

Smith Barney

•

Charles Schwab

•

Morgan Stanley

•

SEC filings

•

Other questions

Go/OptionExchange

Go/OptionExchange

www.benefitsaccess.com

https://eac.schwab.com/

Go/TSO

Go/OptionExchange

or

www.SEC.gov

@google.com

10