Cisco 2014 Annual Report Download - page 121

Download and view the complete annual report

Please find page 121 of the 2014 Cisco annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 140

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140

(e) Restricted Stock and Stock Unit Awards
A summary of the restricted stock and stock unit activity, which includes time-based and performance-based or market-based
restricted stock units, is as follows (in millions, except per-share amounts):
Restricted Stock/
Stock Units
Weighted-Average
Grant Date Fair
Value per Share
Aggregated Fair
Market Value
UNVESTED BALANCE AT JULY 30, 2011 .......... 116 $21.50
Granted and assumed ............................. 65 17.45
Vested ......................................... (35) 21.94 $ 580
Canceled/forfeited ............................... (18) 20.38
UNVESTED BALANCE AT JULY 28, 2012 .......... 128 19.46
Granted and assumed ............................. 72 18.52
Vested ......................................... (46) 20.17 $ 932
Canceled/forfeited ............................... (11) 18.91
UNVESTED BALANCE AT JULY 27, 2013 ......... 143 18.80
Granted and assumed ............................ 72 20.85
Vested ......................................... (53) 19.55 $1,229
Canceled/forfeited ............................... (13) 18.61
UNVESTED BALANCE AT JULY 26, 2014 ......... 149 $19.54
(f) Stock Option Awards
A summary of the stock option activity is as follows (in millions, except per-share amounts):
STOCK OPTIONS OUTSTANDING
Number
Outstanding
Weighted-Average
Exercise Price per Share
BALANCE AT JULY 30, 2011 ............................... 621 $21.79
Assumed from acquisitions .................................. 1 2.08
Exercised ................................................ (66) 13.51
Canceled/forfeited/expired ................................... (36) 23.40
BALANCE AT JULY 28, 2012 ............................... 520 22.68
Assumed from acquisitions .................................. 10 0.77
Exercised ................................................ (154) 18.51
Canceled/forfeited/expired ................................... (100) 22.18
BALANCE AT JULY 27, 2013 .............................. 276 24.44
Assumed from acquisitions ................................. 6 3.60
Exercised ................................................ (78) 18.30
Canceled/forfeited/expired ................................. (17) 27.53
BALANCE AT JULY 26, 2014 .............................. 187 $26.03
The total pretax intrinsic value of stock options exercised during fiscal 2014, 2013, and 2012 was $458 million, $661 million,
and $333 million, respectively.
113