Form 11-K
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 11-K

 

 

(Mark One)

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2014

OR

 

¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission file number 001-35992

 

 

 

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

ORACLE CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

 

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

ORACLE CORPORATION

500 Oracle Parkway

Redwood City, California 94065

 

 

 


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Financial Statements and Supplemental Schedule

As of December 31, 2014 and 2013 and for the Year Ended December 31, 2014

Table of Contents

 

Report of Sensiba San Filippo LLP, Independent Registered Public Accounting Firm

  1   

Financial Statements:

Statements of Net Assets Available for Benefits

  2   

Statement of Changes in Net Assets Available for Benefits

  3   

Notes to Financial Statements

  4   

Supplemental Schedule:

Schedule H, Line 4(i)Schedule of Assets (Held At End of Year)

  13   

Signature

  20   

Index to Exhibits

  21   

Exhibit 23.01

 


Table of Contents

Report of Sensiba San Filippo LLP, Independent Registered Public Accounting Firm

To the participants and Plan Committee of the Oracle Corporation 401(k) Savings and Investment Plan

We have audited the accompanying statements of net assets available for benefits of the Oracle Corporation 401(k) Savings and Investment Plan (the Plan) as of December 31, 2014 and 2013, and the related statement of changes in net assets available for benefits for the year ended December 31, 2014. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2014 and 2013, and the changes in net assets available for benefits for the year ended December 31, 2014, in conformity with accounting principles generally accepted in the United States of America.

Our audits were performed for the purpose of forming an opinion on the financial statements taken as a whole. The accompanying supplemental schedule of assets (held at end of year) as of December 31, 2014, is presented for purposes of additional analysis and is not a required part of the financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedule has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental schedule is the responsibility of the Company’s management. Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with accounting principles generally accepted in the United States. In our opinion, the supplemental schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

 

/s/ SENSIBA SAN FILIPPO LLP
San Mateo, California
May 14, 2015

 

1


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Statements of Net Assets Available for Benefits

As of December 31, 2014 and 2013

 

     December 31,  

(in thousands)

   2014     2013  

Assets

    

Cash

   $ 5,239      $ 6,393  

Investments, at fair value

     12,001,740        11,085,257  

Receivables:

    

Notes receivable from participants

     89,077        90,532  

Participant contributions

     12,163        11,834  

Employer contributions

     4,497        4,251  

Amounts due from broker for securities sold

     4,241        11,470  
  

 

 

   

 

 

 

Total receivables

  109,978      118,087  
  

 

 

   

 

 

 

Total assets

  12,116,957      11,209,737  
  

 

 

   

 

 

 

Liabilities

Excess deferrals due to participants

  76      90  

Other liabilities

  2,481      6,378  
  

 

 

   

 

 

 

Total liabilities

  2,557      6,468  
  

 

 

   

 

 

 

Net assets reflecting investments, at fair value

  12,114,400      11,203,269  

Adjustment from fair value to contract value for fully benefit responsive contracts of the Galliard Stable Value Fund

  (9,044   (2,352 )
  

 

 

   

 

 

 

Net assets available for benefits

$ 12,105,356   $ 11,200,917  
  

 

 

   

 

 

 

See notes to financial statements.

 

2


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Statement of Changes in Net Assets Available for Benefits

For the Year Ended December 31, 2014

(in thousands)

 

Additions

Interest, dividends and other income

$ 259,492   

Net appreciation in fair values of investments

  621,843   
  

 

 

 

Total investment gains, net

  881,335   
  

 

 

 

Contributions:

Participants

  514,641   

Employer

  138,282   

Rollovers

  72,525   
  

 

 

 

Total contributions

  725,448   
  

 

 

 

Total additions, net

  1,606,783   
  

 

 

 

Deductions

Benefits paid to participants

  702,001   

Administrative expenses

  343   
  

 

 

 

Total deductions

  702,344   
  

 

 

 

Net increase

  904,439   

Net assets available for benefits at beginning of year

  11,200,917   
  

 

 

 

Net assets available for benefits at end of year

$ 12,105,356  
  

 

 

 

See notes to financial statements.

 

3


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements

December 31, 2014

1. Description of the Plan

The following description of the Oracle Corporation 401(k) Savings and Investment Plan (Plan) provides only general information. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

General

The Plan is a defined contribution plan originally established in 1986 that has since been amended and for which Oracle Corporation (Oracle) is the current sponsor. The Plan was established for the purpose of providing retirement benefits for the U.S. employees of Oracle and its subsidiaries. The Plan is intended to qualify as a profit sharing plan under Section 401(a) of the Internal Revenue Code of 1986, as amended (the Code), with a salary reduction feature qualified under Section 401(k) of the Code. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA). The Plan is administered by the 401(k) Committee, members of which are appointed by the Compensation Committee of Oracle’s Board of Directors or the Executive Vice President, Human Resources. Fidelity Investments Institutional Operations Company, Inc. (Fidelity) is a fiduciary of the Plan and also serves as the record keeper to maintain the individual accounts of each of the Plan’s participants.

Eligibility

All employees regularly scheduled to work a minimum of 20 hours per week or 1,000 hours in a Plan year on the domestic payroll of Oracle and its subsidiaries that have adopted the Plan are eligible to participate in the Plan as of the first date, or any succeeding entry date following the date the employee is credited with one hour of service with Oracle. However, the following employees or classes of employees are not eligible to participate: (i) employees whose compensation and conditions of employment are subject to determination by collective bargaining; (ii) employees who are non-resident aliens and who received no earned income (within the meaning of the Code) from Oracle; (iii) workers who are performing services at a Company facility as an employee of a third-party entity that is not an employment agency; (iv) employees of employment agencies; and (v) persons who are not classified as employees for tax purposes.

Contributions

Each year, participants may contribute up to 40% of their eligible compensation as defined by the Plan document. Annual participant contribution amounts are limited to $17,500 of salary deferrals for the year ended December 31, 2014 ($23,000 for participants 50 years old and older), as determined by the Internal Revenue Service (IRS). Salary deferrals consist of pre-tax and/or Roth 401(k) contributions.

Oracle matches 50% of an active participant’s salary deferrals up to a maximum deferral of 6% of compensation for the pay period, with maximum aggregate matching of $5,100 in any calendar year. Oracle has the right, under the Plan, to discontinue or modify its matching contributions at any time. Participants may also contribute amounts representing distributions from other qualified plans. All of Oracle’s matching contributions are made in cash on a pre-tax basis.

Investment Options

Participants direct the investment of their contributions and Oracle’s matching contributions into various investment options offered by the Plan. The Plan currently offers investments in Oracle’s common stock,

 

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Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2014

 

common/collective trust funds, mutual funds, separately managed account funds (including a stable value fund) and Brokerage Link. Brokerage Link balances consist of the mutual funds offered by the Plan, as well as mutual funds offered by other registered investment companies, common stock or other investment products.

Participant Accounts

Each participant’s account is credited with the participant’s and Oracle’s contributions and allocations of Plan earnings. All amounts in participant accounts are participant directed.

Vesting

All elective contributions made by participants and earnings on those contributions are 100% vested at all times. Participants’ vesting in Oracle’s matching contributions is based on years of service. Participants are 25% vested after one year of service and vest an additional 25% on each successive service anniversary date, becoming 100% vested after four years of service.

Participants forfeit the nonvested portion of their accounts in the Plan upon termination of employment with Oracle. Forfeited balances of terminated participants’ nonvested accounts may be used at Oracle’s discretion, as outlined in the Plan, to reduce its matching contribution obligations. During the year ended December 31, 2014, Oracle used $4,464,000 of forfeited balances to reduce its matching contribution obligations. The amounts of unallocated forfeitures at December 31, 2014 and 2013 were $855,000 and $671,000, respectively.

Notes Receivable from Participants

Participants may borrow from their fund accounts a minimum of $1,000 and up to a maximum of $50,000 or 50% of their vested account balance, whichever is less. Loan terms may not exceed five years unless the loan is used to purchase a participant’s principal residence, in which case repayment terms may not exceed 10 years. The loans are secured by the balance in the participant’s account and bear interest at a rate commensurate with local prevailing lending rates determined by the 401(k) Committee. Principal and interest is paid ratably through payroll deductions, and participants may elect to submit additional payments outside of payroll deductions in order to reduce principal loan balances on an accelerated basis. Loans are generally due in full within 60 days of termination with Oracle unless the participant arranges for loan repayments to continue via monthly debit from a checking or savings account in a bank located in the United States.

Payment of Benefits

Upon termination of service, death, disability, or normal or early retirement, participants may elect to receive a lump-sum amount equal to the vested value of their account or may waive receipt of a lump sum benefit and elect to receive monthly, quarterly or annual installments, or may request a rollover from the Plan to another eligible retirement plan. Failure of a participant to make an election of one of these options within 60 days is deemed to be an election to defer commencement of payment. If the participant’s account is valued at $1,000 or less, the amount is distributed in a lump sum. Distributions of investments in Oracle’s common stock may be taken in the form of common stock. Hardship withdrawals are permitted if certain criteria are met.

Investment Management Fees and Operating Expenses

Investment management fees and operating expenses charged to the Plan for investments in the various funds are deducted from income earned on a daily basis and are reflected as a component of net appreciation in fair values of investments.

 

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Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2014

 

Administrative Expenses

Administrative expenses are borne by Oracle, except for fees related to administration of participant loans and certain withdrawal transactions, which are deducted from the applicable participants’ accounts. Oracle, at its discretion, may choose to utilize available revenue sharing (based on a revenue sharing agreement between Oracle and Fidelity) to pay for reasonable expenses related to the administration of the Plan.

Plan Termination

Although it has not expressed any intent to do so, Oracle has the right, under provisions of the Plan, to terminate the Plan, subject to the provisions of ERISA. In the event of the Plan’s termination, participants will become 100% vested in their accounts.

2. Summary of Significant Accounting Policies

Basis of Accounting and Presentation

The accompanying financial statements of the Plan are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (U.S. GAAP).

Investments Valuation and Income Recognition

The Plan’s investments are generally stated at their fair values with the exception of the Galliard Stable Value Fund (a separately-managed account fund investment), which is stated at its fair value with the related adjustment amount to its contract value in the statements of net assets available for benefits at December 31, 2014 and 2013. The statement of changes in net assets available for benefits is prepared on a contract value basis. The shares of registered investment companies (mutual funds) are valued at quoted market prices. The money market funds are valued at cost plus accrued interest, which approximated fair values. Common stock, including Oracle’s common stock, is traded on a national securities exchange and is valued at the last reported sales price on the last day of the Plan year. The valuation techniques used to measure the fair values of the stable value fund and common/collective trust funds are included in Note 4 below.

Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on an accrual basis. Dividends are recorded on the ex-dividend date.

The Oracle Stock Fund (Fund) is tracked on a unitized basis, which allows for daily trades. The Fund consists of Oracle common stock and investment in the Fidelity Institutional Money Market Fund sufficient to meet the Fund’s daily cash needs. The value of a unit reflects the combined market value of Oracle common stock and the cash investments held by the Fund. At December 31, 2014, 2,609,383 units were outstanding with a value of $328.16 per unit. At December 31, 2013, 2,821,061 units were outstanding with a value of $276.01 per unit.

Fair Value Measurements

The Plan performs fair value measurements in accordance with Financial Accounting Standards Board Accounting Standards (FASB) Codification 820, Fair Value Measurement (ASC 820). Refer to Note 3 for the fair value measurement disclosures associated with the Plan’s investments.

 

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Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2014

 

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Risks and Uncertainties

The Plan provided for various investment options in common stock, registered investment companies (mutual funds), common/collective trusts, separately-managed account funds (including a stable value fund) and short-term investments. The Plan’s exposure to credit losses in the event of nonperformance of investments is limited to the carrying value of such investments. Investment securities, in general, are exposed to various risks, such as interest rate, credit, and overall market volatility risk. During the year ended December 31, 2014, net appreciation in fair values of investments totaled $622 million. Due to the level of risk associated with certain investment securities, it is reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the statements of net assets available for benefits, participant account balances and the statement of changes in net assets available for benefits.

Recent Accounting Pronouncements

In May 2015, the FASB issued Accounting Standards Update No. 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent) (ASU 2015-07). ASU 2015-07 removes the requirement to include investments in the fair value hierarchy for which fair value is measured using the net asset value per share practical expedient under ASC 820. ASU 2015-07 is effective for the Plan retrospectively for the year ending December 31, 2016 with early adoption permitted. The Plan’s managing committee is currently evaluating the impact of the pending adoption of ASU 2015-07 on the Plan’s financial statements.

3. Fair Value Measurements

The Plan performs fair value measurements in accordance with the guidance provided by ASC 820. ASC 820 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required to be recorded at their fair values, the Plan considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the assets or liabilities, such as inherent risk, transfer restrictions, and risk of nonperformance.

ASC 820 establishes a fair value hierarchy that requires the Plan to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. An asset’s or a liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 establishes three levels of inputs that may be used to measure fair value:

 

    Level 1: quoted prices in active markets for identical assets or liabilities;

 

   

Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or

 

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Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2014

 

 

liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or

 

    Level 3: unobservable inputs that are supported by little or no market activity and that are significant to the fair values of the assets or liabilities.

Investments Measured at Fair Value on a Recurring Basis

Investments measured at fair value on a recurring basis consisted of the following types of instruments (Level 1 and 2 inputs are defined above):

 

    December 31, 2014     December 31, 2013  
    Fair Value Measurements
Using Input Types
          Fair Value Measurements
Using Input Types
       

(in thousands)

  Level 1     Level 2     Total     Level 1     Level 2     Total  

Money market funds

  $ 162,447     $ —       $ 162,447     $ 127,475     $ —       $ 127,475   

Oracle Corporation and other common stock

    1,732,274       —         1,732,274       1,363,636       —         1,363,636   

Mutual funds

    4,863,622       —         4,863,622       7,547,184       —         7,547,184   

Common/collective trust funds and other

    3,456       5,239,941       5,243,397       3,174       2,043,788       2,046,962  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total investments measured at fair value

$   6,761,799   $   5,239,941   $   12,001,740   $   9,041,469   $   2,043,788   $   11,085,257  
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

The Plan’s valuation techniques used to measure the fair values of money market funds, common stock and mutual funds that were classified as Level 1 in the table above were derived from quoted market prices as substantially all of these instruments have active markets. The valuation techniques used to measure the fair values of the common/collective trust funds and separately-managed account fund investments that were classified as Level 2 in the table above are included in Note 4 below.

4. Composition and Valuation of Certain Plan Investments and Other Plan Investments Disclosures

Fidelity Commingled Funds

The Plan held investments in Fidelity Contrafund Commingled Pool, Fidelity Growth Company Commingled Pool and Fidelity Low-Priced Stock Commingled Pool as of December 31, 2014 (collectively, the Fidelity Commingled Funds) in order to provide broader investment options to participants. The Fidelity Commingled Funds are common/collective trust funds managed by Fidelity Investment Trust Company. The investment objective of the Fidelity Contrafund Commingled Pool is to provide capital appreciation over a market cycle relative to the S&P 500 Index or other suitable index, through the active management of equities with a focus on companies having strong long-term growth prospects. The investment objective of the Fidelity Growth Company Commingled Pool is to provide capital appreciation over a market cycle relative to the Russell 3000 Growth Index or other suitable growth index, through the active management of equities across a broad growth segment of the equity markets. The investment objective of the Fidelity Low-Priced Stock Commingled Pool is to provide capital appreciation over a market cycle relative to the Russell 2000 Index or a suitable small cap index, through the active management of equities with a focus on primarily higher-quality small and mid-sized companies with stable growth prospects and trading at valuations of less than $35 per share at the time of purchase.

 

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Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2014

 

The trustee, Fidelity Management Trust Company, generally determines the fair values of the Fidelity Commingled Funds on a daily basis using the net asset value (NAV) of units held of the commingled funds. The NAV is based on the fair value of the underlying investments held by each commingled fund less its liabilities. The fair value of the underlying investments is generally derived from the quoted prices in active markets of the underlying securities as substantially all of the underlying investments have active markets. As the Fidelity Commingled Funds are not directly quoted in active markets, the values of the funds are classified as Level 2 in the fair value table presented in Note 3 above as of December 31, 2014.

Vanguard Target Retirement Trusts

The Plan held investments in Vanguard Target Retirement Trusts (Vanguard Trusts), which are more specifically defined in Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year) as of December 31, 2014, in order to provide broader investment options to participants. The Vanguard Trusts are common/collective trust funds sponsored and maintained by Vanguard Fiduciary Trust Company. The Vanguard Trusts invest in Vanguard mutual funds using an asset allocation strategy designed for investors planning to retire or leave the workforce in or within a few years of the target year. The underlying mutual funds that the Vanguard Trusts held may have included the Vanguard Total Stock Market Index Fund, Vanguard Total Bond Market II Index Fund, Vanguard Total International Stock Index Fund, Vanguard Total International Bond Index Fund and Vanguard Short-Term Inflation-Protected Securities Fund, among others. Each of the Vanguard Trusts’ indirect stock holdings (through its mutual fund holdings) consisted substantially of large-capitalization U.S. stocks and, to a lesser extent, mid- and small-cap U.S. stocks and international stocks. Each of the Vanguard Trusts’ indirect bond holdings consisted of a diversified mix of investment-grade taxable U.S. government, U.S. government agency and corporate bonds, international bonds as well as inflation-protected and mortgage-backed securities.

The trustee, Vanguard Fiduciary Trust Company, generally determines the fair values of the Vanguard Trusts’ units each day the New York Stock Exchange is open for trading. The underlying investments of the Vanguard Trusts are valued based on quoted market prices as substantially all of these underlying investments have active markets. The values of the Vanguard Trusts are determined based upon the values of these underlying investments held for benefit of the Vanguard Trusts less any liabilities. As the Vanguard Trusts are not directly quoted in active markets, the values of the Vanguard Trusts are classified as Level 2 in the fair value table presented in Note 3 above as of December 31, 2014 and 2013.

Galliard Stable Value Fund

During the year ended December 31, 2014 and 2013, the Plan held investments in Galliard Stable Value Fund (Galliard Fund). The Galliard Fund is exclusively managed for the Plan by Galliard Capital Management, Inc. The Galliard Fund primarily invests in common/collective trust funds in the Plan’s name for the sole benefit of Plan participants, security-backed contracts and money market funds. Security-backed contracts are issued by insurance companies and other financial institutions that wrap underlying bond funds, fixed income common/collective trust funds or separate accounts.

The issuer of the wrap contract guarantees a minimum rate of return and provides full benefit responsiveness, provided that all terms of the wrap contract have been met. Wrap contracts are normally agreements entered with issuers rated in the top three long-term rating categories (equaling A- or above) as determined by any of the nationally recognized rating organizations. The Galliard Fund is credited with contributions from participants and earnings on the underlying investments and charged for participant withdrawals and administrative expenses.

 

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Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2014

 

As of December 31, 2014 and 2013, there were no reserves against the wrap contracts’ carrying values due to credit risks of the issuers. The crediting interest rates for the wrap contracts were based upon a formula agreed with the issuer with the requirement that interest rates may not be less than zero percent. Interest rates are reviewed on a quarterly basis for resetting. Certain events limit the ability of the Plan to transact at contract value with the wrap issuer. However, the Plan’s management is not aware of the occurrence or likely occurrence of any such events, which would limit the Plan’s ability to transact at contract value with participants. The issuer may terminate a wrap contract at any time.

The fair value of the Galliard Fund equals the total of the fair values of the underlying assets plus the total wrap contract rebid value, which is calculated by discounting the annual wrap fee, due to rebid, over the duration of the contract’s underlying assets less any liabilities. Fair values were determined by the trustees of the underlying common/collective trust funds using reported net asset value. Prices for securities held in the underlying portfolios of the Galliard Fund are primarily obtained from independent pricing services that use valuation matrices incorporating dealer supplied valuations and valuation models, valuation inputs such as the structure of the issue, cash flow assumptions and the value of underlying assets and guarantees. The fair values of the wrap contracts were determined by Galliard Capital Management, Inc. using a discounted cash flow model based upon market data and considering recent fee bids as determined by recognized dealers.

The Plan’s statements of net assets available for benefits include the fair value of the underlying assets and wrap contracts of the Galliard Fund based on the proportionate ownership of the Plan’s participants.

The average yields earned by the Plan for all investments held by the Galliard Fund were approximately 1.46% and 1.51% for the year ended December 31, 2014 and 2013, respectively. The average yields earned by the Plan for all investments held by the Galliard Fund based on the actual interest rates credited to participants were approximately 1.55% and 1.54% for the year ended December 31, 2014 and 2013, respectively.

Other Plan Investments Disclosures

The fair values of individual investments that represented 5% or more of the Plan’s net assets available for benefits at December 31, 2014 and 2013, were as follows:

 

     December 31,  

(in thousands)

   2014      2013  

Fidelity Contrafund Commingled Pool

   $     1,335,459       $ —     

Vanguard Institutional Index Fund Institutional Plus Shares

   $ 1,306,911       $     1,125,318   

Oracle Corporation Common Stock

   $ 851,531       $ 774,630   

Fidelity Growth Company Commingled Pool

   $ 843,783       $ —     

Dodge & Cox Stock Fund

   $ 822,214       $ 746,208   

Fidelity Low-Priced Stock Commingled Pool

   $ 628,280       $ —     

PIMCO Total Return Fund Institutional Class

   $ 570,894       $ 603,294   

Fidelity Contrafund - Class K

   $ —         $ 1,339,199   

Fidelity Growth Company Fund - Class K

   $ —         $ 771,787   

Fidelity Low-Priced Stock Fund - Class K

   $ —         $ 664,390   

 

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Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2014

 

For the year ended December 31, 2014, the Plan’s investments, including investments purchased and sold, as well as held during the year, net appreciated in fair value as follows:

 

(in thousands)

   Net Realized and
Unrealized
Appreciation in
Fair Values of
Investments
 

Mutual funds

   $ 127,774  

Oracle Corporation and other common stock

     173,162  

Common/collective trust funds and other

     320,907  
  

 

 

 
$     621,843  
  

 

 

 

5. Income Tax Status

On April 3, 2015, the Plan received a determination letter from the IRS stating that the Plan is qualified under Section 401(a) of the Code, and therefore, the related trust is exempt from taxation. This determination letter was a correction to the determination letter issued on May 29, 2014. The 401(k) Committee believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan is qualified and the related trust is tax exempt. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

6. Party-in-Interest Transactions

Transactions in shares of Oracle common stock qualify as party-in-interest transactions under the provisions of ERISA. During the year ended December 31, 2014, the Plan made purchases of approximately $45,138,000 and sales of approximately $70,423,000 of Oracle common stock. In addition, the Plan made in-kind transfers of Oracle common stock to participants of approximately $28,528,000 during the year ended December 31, 2014.

As noted in Note 1 above, Fidelity is a fiduciary of the Plan and also serves as the record keeper to maintain the individual accounts of each Plan participant.

7. Differences between Financial Statements and Form 5500

The following is a reconciliation of the net assets available for benefits, at fair value, per the financial statements to the Plan’s Form 5500 (in thousands):

 

     December 31,  
     2014     2013  

Net assets available for benefits, at fair value, per the financial statements

   $ 12,114,400     $ 11,203,269  

Amounts allocated to withdrawing participants and other

     (2,487 )     (2,521 )
  

 

 

   

 

 

 

Net assets available for benefits per the Form 5500

$     12,111,913   $     11,200,748  
  

 

 

   

 

 

 

 

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Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

Notes to Financial Statements—(Continued)

December 31, 2014

 

The following is a reconciliation of the net increase in net assets available for benefits per the financial statements to the Plan’s Form 5500 (in thousands):

 

     Year Ended December 31,  
     2014      2013  

Net increase in net assets available for benefits per the financial statements

   $     904,439      $     2,092,335   

Net change in fair value adjustment of certain Galliard Stable Value Fund assets

     5,541        (15,127

Net change in amounts allocated to withdrawing participants and other

     1,185        (1,918
  

 

 

    

 

 

 

Net gains per the Form 5500

$ 911,165   $ 2,075,290   
  

 

 

    

 

 

 

The fair value adjustment represented the differences between contract values of certain fully benefit-responsive contracts within the Galliard Fund as included in the statements of changes in net assets available for benefits for the year ended December 31, 2014 and 2013, and the respective fair values of these contracts as reported in the respective Form 5500. Amounts allocated to withdrawing participants are recorded on the Form 5500 for benefit claims that have been processed and approved for payment prior to each respective year-end but not yet paid.

8. Excess Contributions

Contributions received from participants for the year ended December 31, 2014 included approximately $76,000 of excess contributions (net of corresponding gains and losses) that were remitted during January 2015 through April 2015 to certain active participants. The excess deferral contributions, originally deducted in the year ended December 31, 2014, were returned to comply with the participants’ applicable maximum annual contributions permitted under the Code. The amount is included in the Plan’s statement of net assets available for benefits as excess deferrals due to participants at December 31, 2014.

 

12


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)

December 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current Value
(in thousands)
 
  Registered Investment Companies:    
 

Artisan Small Cap Value Fund Institutional Shares

  12,079,631 shares   $ 171,652  
 

Dodge & Cox International Stock Fund

  11,116,081 shares     468,098  
 

Dodge & Cox Stock Fund

  4,544,127 shares     822,214  

*

 

Fidelity Balanced Fund - Class K

  17,365,595 shares     395,415  

*

 

Fidelity Worldwide Fund

  7,752,864 shares     172,889  
 

Lazard Emerging Markets Equity Fund Class Institutional

  14,643,257 shares     251,718  
 

PIMCO Inflation Response Multi-Asset Fund Institutional

  517,425 shares     4,465  
 

PIMCO Total Return Fund Institutional Class

  53,554,766 shares     570,894  
 

Vanguard Extended Market Index Fund Institutional Plus Shares

  1,666,312 shares     273,875  
 

Vanguard Institutional Index Fund Institutional Plus Shares

  6,926,601 shares     1,306,911  
 

Vanguard Total Bond Market Index Fund Institutional Plus Shares

  21,435,122 shares     233,000  
 

Vanguard Total International Stock Index Fund Institutional Shares

  782,000 shares     81,312  
     

 

 

 
        4,752,443  
  Assets in Brokerage Link Accounts   Various investments, including registered investment companies, common stocks, money market funds and cash     486,827   
  Oracle Corporation Common Stock Fund    

*

 

Oracle Corporation Common Stock

  18,935,541 shares     851,531  

*

 

Fidelity Institutional Money Market Fund

  5,313,967 shares     5,314  
 

Separately-managed Account Fund Investments:

   
 

Artisan International Separate Account —

   
 

Common Stock

   
 

Actelion, Ltd

  26,034 shares     3,019  
 

AIA Group, Ltd

  1,426,878 shares     7,940  
 

Alibaba Group Holding, Ltd

  6,565 shares     682  
 

Allianz SE

  13,382 shares     2,224  
 

Ambev SA

  64,851 shares     403  
 

Anheuser-Busch InBev N.V.

  42,015 shares     4,772  
 

ASML Holding N.V.

  69,598 shares     7,537  
 

Autoliv, Inc

  3,291 shares     354  
 

Babcock International Group plc

  72,505 shares     1,196  
 

Baidu, Inc

  56,512 shares     12,883  
 

Bayer AG

  67,477 shares     9,227  
 

Beiersdorf AG

  34,502 shares     2,815  
 

Beijing Enterprises Holdings, Ltd

  421,516 shares     3,305  
 

Bridgestone Corporation

  7,826 shares     274  
 

BT Group plc

  474,448 shares     2,969  
 

China Mobile, Ltd

  348,725 shares     4,070  
 

Cognizant Technology Solutions Corporation

  55,551 shares     2,925  
 

Covidien plc

  83,590 shares     8,550  
 

Croda International plc

  78,594 shares     3,261  
 

Deutsche Post AG

  100,722 shares     3,296  

 

13


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current Value
(in thousands)
 
 

Diageo plc

  7,576 shares     218  
 

Grifols S.A. (GRFS.US)

  27,595 shares     938  
 

Grifols S.A. (GRF.SM)

  31,527 shares     1,264  
 

Grupo Televisa, S.A.B.

  193,513 shares     6,591  
 

IHI Corporation

  1,042,475 shares     5,370  
 

Industrial and Commercial Bank of China, Ltd

  2,311,090 shares     1,687  
 

Intercontinental Hotels Group plc

  54,776 shares     2,215  
 

Johnson Matthey plc

  93,170 shares     4,933  
 

Kawasaki Heavy Industries, Ltd

  230,257 shares     1,063  
 

KDDI Corporation

  53,313 shares     3,399  
 

Liberty Global plc (LBTYA)

  81,227 shares     4,078  
 

Liberty Global plc (LBTYK)

  134,926 shares     6,518  
 

Linde AG

  40,087 shares     7,480  
 

LIXIL Group Corporation

  90,433 shares     1,928  
 

Lloyds Banking Group plc

  1,458,536 shares     1,724  
 

L’Oreal S.A.

  10,109 shares     1,704  
 

LVMH Moet Hennessy Louis Vuitton SE

  10,204 shares     1,633  
 

MTU Aero Engines AG

  10,431 shares     911  
 

Nestle S.A.

  84,003 shares     6,164  
 

NGK Insulators, Ltd

  157,643 shares     3,282   
 

Novartis AG

  2,475 shares     230   
 

Olympus Corporation

  168,386 shares     6,003   
 

Ono Pharmaceutical Co, Ltd

  12,459 shares     1,116   
 

Orange S.A.

  147,811 shares     2,531   
 

Pernod Ricard S.A.

  8,144 shares     909   
 

Ping An Insurance Group Company of China, Ltd

  148,081 shares     1,509   
 

Prudential plc

  117,441 shares     2,731   
 

Publicis Groupe S.A.

  160 shares     12   
 

Roche Holding AG

  22,632 shares     6,144   
 

Rockwool International A/S

  2,823 shares     319   
 

Rolls-Royce Holdings plc

  222,623 shares     3,019   
 

SABMiller plc

  88,316 shares     4,626   
 

Saga plc

  54,419 shares     132   
 

Sands China, Ltd

  376,085 shares     1,850   
 

Schlumberger, Ltd

  26,598 shares     2,272   
 

Schneider Electric SE

  29,690 shares     2,177   
 

SoftBank Corporation

  58,503 shares     3,522   
 

Swedbank AB

  79,697 shares     1,999   
 

Syngenta AG

  4,432 shares     1,427   
 

Telecom Italia S.p.A.

  1,213,844 shares     1,295   
 

Telefonica S.A.

  203,783 shares     2,939   
 

Telenet Group Holding N.V.

  33,625 shares     1,889   
 

Tencent Holdings, Ltd

  282,392 shares     4,097   
 

Toyota Motor Corporation

  123,976 shares     7,823   
 

UCB S.A.

  29,706 shares     2,272   
 

Unilever N.V.

  59,252 shares     2,340   
 

Vinci S.A.

  25,036 shares     1,379   
 

WPP plc

  178,244 shares     3,737   
 

Zodiac Aerospace

  115,522 shares     3,901   
 

Zurich Insurance Group AG

  7,243 shares     2,271   

 

14


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current Value
(in thousands)
 
 

Participating Certificate

   
 

Ryanair Holdings plc

  175,153 shares     2,078   
 

Preferred Stock

   
 

Henkel AG & Co KGaA

  27,140 shares     2,937   
     

 

 

 
        226,288   
 

Galliard Stable Value Fund —

   
 

Common/Collective Trust Funds

   
 

Wells Fargo Fixed Income Fund A

  6,465,093 shares     158,858   
 

Wells Fargo Fixed Income Fund F

  23,615,282 shares     319,039   
 

Wells Fargo Fixed Income Fund N

  7,233,518 shares     82,430   
 

Wells Fargo Short-Term Investment Fund S

  42,474,928 shares     42,475   
 

Wells Fargo Stable Return Fund G

  1,070,542 shares     56,104   
 

MetLife Insurance Company Separate Account

  770,090 shares     85,721   
 

Guaranteed Investment Contracts

   
 

MetLife Insurance Company

  Wrapper contracts     90   

*

 

Fidelity Institutional Money Market Government Portfolio

  16,488,766 shares     16,489   
     

 

 

 
        761,206   
 

Perkins Mid Cap Value Separate Account —

   
 

Common Stock

   
 

Agilent Technologies, Inc

  59,093 shares     2,419   
 

AGL Resources, Inc

  53,527 shares     2,918   
 

Alexandria Real Estate Equities, Inc

  32,228 shares     2,860   
 

Alliant Energy Corporation

  112,276 shares     7,456   
 

The Allstate Corporation

  91,170 shares     6,404   
 

Altera Corporation

  37,341 shares     1,379   
 

Anadarko Petroleum Corporation

  32,218 shares     2,658   
 

Analog Devices, Inc

  54,754 shares     3,040   
 

Ansys, Inc

  21,545 shares     1,767   
 

Arthur J Gallagher & Co

  74,420 shares     3,504   
 

Ascena Retail Group, Inc

  95,261 shares     1,196   
 

AvalonBay Communities, Inc

  17,404 shares     2,844   
 

The Babcock & Wilcox Company

  158,601 shares     4,806   
 

CA, Inc

  67,677 shares     2,061   
 

Canadian Pacific Railway, Ltd

  23,077 shares     4,447   
 

The Carlyle Group LP

  52,344 shares     1,439   
 

Casey’s General Stores, Inc

  75,028 shares     6,776   
 

Check Point Software Technologies, Ltd

  25,398 shares     1,996   
 

Cimarex Energy Co

  6,916 shares     733   
 

CIT Group, Inc

  102,212 shares     4,889   
 

Crown Holdings, Inc

  111,804 shares     5,690   
 

CSX Corporation

  41,849 shares     1,516   
 

Discover Financial Services

  47,638 shares     3,120   
 

Dr Pepper Snapple Group, Inc

  58,667 shares     4,205   
 

Dril-Quip, Inc

  12,186 shares     935   
 

Ensco plc

  36,720 shares     1,100   

 

15


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current Value
(in thousands)
 
 

Equity LifeStyle Properties, Inc

  63,250 shares     3,261   
 

Fifth Third Bancorp

  127,727 shares     2,602   
 

First Republic Bank

  36,198 shares     1,887   
 

FMC Corporation

  35,779 shares     2,040   
 

Goldcorp, Inc

  88,097 shares     1,632   
 

Heartland Payment Systems, Inc

  49,270 shares     2,658   
 

The Hershey Company

  40,981 shares     4,259   
 

HollyFrontier Corporation

  28,165 shares     1,056   
 

Home Properties, Inc

  44,226 shares     2,901   
 

Host Hotels & Resorts, Inc

  43,900 shares     1,044   
 

Informatica Corporation

  101,691 shares     3,878   
 

IPG Photonics Corporation

  18,600 shares     1,394   
 

Jacobs Engineering Group, Inc

  31,288 shares     1,398   
 

The J.M. Smucker Company

  40,575 shares     4,097   
 

Kansas City Southern

  26,451 shares     3,228   
 

Keysight Technologies, Inc

  51,176 shares     1,728   
 

Kirby Corporation

  44,269 shares     3,574   
 

Laboratory Corporation of America Holdings

  50,077 shares     5,402   
 

M&T Bank Corporation

  27,427 shares     3,445   
 

Macy’s, Inc

  23,517 shares     1,546   
 

Marsh & McLennan Companies, Inc

  107,819 shares     6,171   
 

McCormick & Company, Inc

  59,964 shares     4,455   
 

McKesson Corporation

  13,504 shares     2,803   
 

Microchip Technology, Inc

  49,352 shares     2,226   
 

Molson Coors Brewing Company

  40,040 shares     2,984   
 

Motorola Solutions, Inc

  29,710 shares     1,993   
 

NetApp, Inc

  39,488 shares     1,637   
 

Noble Energy, Inc

  41,975 shares     1,991   
 

Northern Trust Corporation

  33,555 shares     2,262   
 

Oceaneering International, Inc

  24,338 shares     1,431   
 

Omnicom Group, Inc

  55,603 shares     4,308   
 

Patterson Companies, Inc

  61,952 shares     2,980   
 

Plains GP Holdings, L.P.

  69,577 shares     1,787   
 

Plum Creek Timber Co, Inc

  68,108 shares     2,914   
 

Potlatch Corporation

  64,823 shares     2,714   
 

PPL Corporation

  217,062 shares     7,885   
 

Public Storage

  22,966 shares     4,245   
 

PVH Corporation

  19,263 shares     2,469   
 

Ralph Lauren Corporation

  22,958 shares     4,251   
 

Raymond James Financial, Inc

  64,917 shares     3,719   
 

Redwood Trust, Inc

  86,309 shares     1,700   
 

RenaissanceRe Holdings, Ltd

  27,564 shares     2,680   
 

Republic Services, Inc

  189,552 shares     7,628   
 

Rockwell Collins, Inc

  33,881 shares     2,862   
 

Rogers Communications, Inc (RCI)

  75,401 shares     2,930   
 

Rogers Communications, Inc (RCI.B)

  52,540 shares     2,049   
 

SM Energy Company

  21,978 shares     848   
 

State Street Corporation

  20,280 shares     1,592   
 

Steven Madden, Ltd

  69,775 shares     2,221   
 

Stryker Corporation

  45,700 shares     4,311   

 

16


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current Value
(in thousands)
 
 

Synopsys, Inc

  53,136 shares     2,310   
 

Sysco Corporation

  117,509 shares     4,664   
 

T. Rowe Price Group, Inc

  43,566 shares     3,741   
 

Taubman Centers, Inc

  23,799 shares     1,819   
 

Tech Data Corporation

  30,740 shares     1,944   
 

Teradata Corporation

  35,436 shares     1,548   
 

Teva Pharmaceutical Industries, Limited

  47,066 shares     2,707   
 

Thermo Fisher Scientific, Inc

  31,747 shares     3,978   
 

Tidewater, Inc

  49,444 shares     1,602   
 

Torchmark Corporation

  95,732 shares     5,186   
 

Total System Services, Inc

  62,675 shares     2,128   
 

Two Harbors Investment Corporation

  125,291 shares     1,255   
 

Tyco International plc

  81,358 shares     3,568   
 

Ubiquiti Networks, Inc

  45,854 shares     1,359   
 

Valmont Industries, Inc

  18,096 shares     2,298   
 

Varian Medical Systems, Inc

  17,808 shares     1,541   
 

Washington Federal, Inc

  100,000 shares     2,215   
 

Waters Corporation

  8,193 shares     924   
 

Weatherford International plc

  85,693 shares     981   
 

Western Gas Partners LP

  30,652 shares     2,239   
 

Weyerhaeuser Co

  86,290 shares     3,097   
 

Zimmer Holdings, Inc

  25,551 shares     2,898   
 

Zions Bancorporation

  138,916 shares     3,960   
 

Zoetis, Inc

  77,903 shares     3,352   
 

Brown Brothers Harriman Short-term Investment Fund

  13,767,616 shares     13,768   
     

 

 

 
        304,316   
 

William Blair Small Mid Cap Growth Separate Account —

   
 

Common Stock

   
 

2U, Inc

  51,010 shares     1,003   
 

ABIOMED, Inc

  35,893 shares     1,366   
 

ABM Industries, Inc

  42,918 shares     1,230   
 

Affiliated Managers Group, Inc

  11,727 shares     2,489   
 

Akamai Technologies, Inc

  31,937 shares     2,011   
 

Akorn, Inc

  40,938 shares     1,482   
 

Align Technology, Inc

  30,869 shares     1,726   
 

Ansys, Inc

  17,912 shares     1,469   
 

B/E Aerospace, Inc

  18,063 shares     1,048   
 

BioMarin Pharmaceutical, Inc

  26,554 shares     2,400   
 

Bio-Techne Corporation

  17,780 shares     1,643   
 

Booz Allen Hamilton Holding Corporation

  56,633 shares     1,502   
 

Brookdale Senior Living, Inc

  44,523 shares     1,633   
 

Carrizo Oil & Gas, Inc

  18,420 shares     766   
 

Catamaran Corporation

  26,936 shares     1,394   
 

CBOE Holdings, Inc

  35,989 shares     2,282   
 

Celanese Corporation

  28,046 shares     1,682   
 

Choice Hotels International, Inc

  25,469 shares     1,427   
 

Corporate Executive Board Co

  20,183 shares     1,464   
 

CoStar Group, Inc

  10,706 shares     1,966   

 

17


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current Value
(in thousands)
 
 

Cyberonics, Inc

  18,887 shares     1,052   
 

Drew Industries, Inc

  23,350 shares     1,192   
 

Encore Capital Group, Inc

  26,880 shares     1,193   
 

Exact Sciences Corporation

  58,524 shares     1,606   
 

ExamWorks Group, Inc

  25,770 shares     1,072   
 

FactSet Research Systems, Inc

  11,430 shares     1,609   
 

First Cash Financial Services, Inc

  16,300 shares     907   
 

FirstService Corporation

  26,275 shares     1,336   
 

Fortune Brands Home & Security, Inc

  30,296 shares     1,372   
 

Forum Energy Technologies, Inc

  29,170 shares     605   
 

Frank’s International N.V.

  50,679 shares     843   
 

FXCM, Inc

  99,631 shares     1,651   
 

Gartner, Inc

  20,610 shares     1,736   
 

Graco, Inc

  11,689 shares     937   
 

Guidewire Software, Inc

  52,310 shares     2,648   
 

Gulfport Energy Corporation

  15,040 shares     628   
 

Healthcare Services Group, Inc

  40,511 shares     1,253   
 

HealthSouth Corporation

  57,465 shares     2,210   
 

Helmerich & Payne, Inc

  7,923 shares     534   
 

Hexcel Corporation

  35,650 shares     1,479   
 

ICF International, Inc

  49,708 shares     2,037   
 

IDEXX Laboratories, Inc

  12,125 shares     1,798   
 

International Flavors & Fragrances, Inc

  18,320 shares     1,857   
 

j2 Global, Inc

  60,082 shares     3,724   
 

Jarden Corporation

  39,483 shares     1,890   
 

Jones Lang LaSalle, Inc

  20,240 shares     3,035   
 

KLX, Inc

  9,032 shares     373   
 

Lazard, Ltd

  22,910 shares     1,146   
 

Ligand Pharmaceuticals, Inc

  24,105 shares     1,283   
 

LPL Financial Holdings, Inc

  26,374 shares     1,175   
 

ManpowerGroup, Inc

  14,000 shares     954   
 

Medivation, Inc

  13,788 shares     1,373   
 

MEDNAX, Inc

  33,820 shares     2,236   
 

Mettler-Toledo International, Inc

  7,269 shares     2,199   
 

Middleby Corporation

  14,760 shares     1,463   
 

NeuStar, Inc

  30,915 shares     859   
 

Nu Skin Enterprises, Inc

  34,040 shares     1,488   
 

Oceaneering International, Inc

  11,804 shares     694   
 

Old Dominion Freight Line, Inc

  19,761 shares     1,534   
 

Pandora Media, Inc

  60,017 shares     1,070   
 

Polaris Industries, Inc

  12,583 shares     1,903   
 

PRA Group, Inc

  36,400 shares     2,109   
 

Quintiles Transnational Holdings, Inc

  31,390 shares     1,848   
 

Robert Half International, Inc

  49,077 shares     2,865   
 

Sally Beauty Holdings, Inc

  46,289 shares     1,423   
 

SBA Communications Corporation

  21,361 shares     2,366   
 

Signature Bank

  13,380 shares     1,685   
 

Sirona Dental Systems, Inc

  26,820 shares     2,343   
 

Six Flags Entertainment Corporation

  64,709 shares     2,792   
 

Stericycle, Inc

  24,034 shares     3,149   
 

Team Health Holdings, Inc

  24,489 shares     1,409   

 

18


Table of Contents

Oracle Corporation

401(k) Savings and Investment Plan

EIN 54-2185193, Plan # 001

Schedule H, Line 4(i)—Schedule of Assets (Held at End of Year)—(Continued)

December 31, 2014

 

(a)

 

(b)
Identity of Issue, Borrower,
Lessor, or Similar Party

 

(c)
Description of Investment, Including
Maturity Date, Rate of Interest,
Collateral, Par, or Maturity Value

  (e)
Current Value
(in thousands)
 
 

The Toro Company

  18,030 shares     1,150   
 

Towers Watson & Co

  14,740 shares     1,668   
 

Tractor Supply Company

  17,370 shares     1,369   
 

TransDigm Group, Inc

  6,285 shares     1,234   
 

TriMas Corporation

  39,668 shares     1,241   
 

Vantiv, Inc

  59,130 shares     2,006   
 

Williams-Sonoma, Inc

  31,870 shares     2,412   
 

WNS Holdings, Ltd

  58,325 shares     1,205   
     

 

 

 
        126,211   
 

Common/Collective Trust Funds:

   

*

 

Fidelity Contrafund Commingled Pool

  122,182,905 shares     1,335,459   

*

 

Fidelity Growth Company Commingled Pool

  70,373,860 shares     843,783   

*

 

Fidelity Low-Priced Stock Commingled Pool

  58,174,062 shares     628,280   
 

Vanguard Target Retirement 2010 Trust Plus

  1,002,187 shares     38,935   
 

Vanguard Target Retirement 2015 Trust Plus

  2,227,827 shares     91,185   
 

Vanguard Target Retirement 2020 Trust Plus

  7,010,653 shares     298,023   
 

Vanguard Target Retirement 2025 Trust Plus

  5,915,328 shares     258,204   
 

Vanguard Target Retirement 2030 Trust Plus

  7,077,237 shares     317,414   
 

Vanguard Target Retirement 2035 Trust Plus

  5,000,544 shares     230,125   
 

Vanguard Target Retirement 2040 Trust Plus

  4,498,474 shares     210,169   
 

Vanguard Target Retirement 2045 Trust Plus

  1,932,067 shares     90,286   
 

Vanguard Target Retirement 2050 Trust Plus

  1,162,977 shares     54,404   
 

Vanguard Target Retirement 2055 Trust Plus

  446,222 shares     20,861   
 

Vanguard Target Retirement 2060 Trust Plus

  347,782 shares     9,779   
 

Vanguard Target Retirement Income Trust Plus

  1,618,445 shares     59,850   
     

 

 

 
 

Total investments, substantially all at fair value**

    $ 12,000,893   
     

 

 

 

*

 

Notes Receivable from Participants

  4.25% - 11.5%, maturing through 2024   $ 89,077   

 

* Indicates a party-in-interest to the Plan.
** All investments were stated at fair value as of December 31, 2014 with the exception of one underlying investment of the Galliard Stable Value Fund, which is stated at contract value

Column (d), cost, has been omitted, as all investments are participant directed.

 

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Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the persons who administer the employee benefit plan have duly caused this annual report to be signed on their behalf by the undersigned hereunto duly authorized.

 

ORACLE CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

Date: May 14, 2015 By:

/s/ PETER W. SHOTT

Peter W. Shott
Vice President of Human Resources

 

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Table of Contents

INDEX TO EXHIBITS

 

Exhibit
Number

  

Exhibit Title

23.01    Consent of Sensiba San Filippo LLP, Independent Registered Public Accounting Firm

 

21