Coca Cola 2013 Annual Report Download - page 107

The Company had the following active stock option plans as of December 31, 2013:
• The Coca-Cola Company 1999 Stock Option Plan (the ‘‘1999 Option Plan’’) was approved by shareowners in April 1999.
Under the 1999 Option Plan, a maximum of 240 million shares of our common stock was approved to be issued or
transferred, through the grant of stock options, to certain officers and employees.
• The Coca-Cola Company 2002 Stock Option Plan (the ‘‘2002 Option Plan’’) was approved by shareowners in April 2002.
An amendment to the 2002 Option Plan which permitted the issuance of stock appreciation rights was approved by
shareowners in April 2003. Under the 2002 Option Plan, a maximum of 240 million shares of our common stock was
approved to be issued or transferred, through the grant of stock options or stock appreciation rights, to certain officers and
employees. No stock appreciation rights have been issued under the 2002 Option Plan as of December 31, 2013.
• The Coca-Cola Company 2008 Stock Option Plan (the ‘‘2008 Option Plan’’) was approved by shareowners in April 2008.
Under the 2008 Option Plan, a maximum of 280 million shares of our common stock was approved to be issued or
transferred to certain officers and employees pursuant to stock options granted under the 2008 Option Plan.
• As a result of our acquisition of CCE’s former North America business, the Company assumed certain stock-based
compensation plans previously sponsored by CCE. Shares from these plans remain available for future grant to current
employees who were employees of CCE or its subsidiaries prior to the acquisition or who are hired by the Company or its
subsidiaries following the acquisition. The assumed Coca-Cola Enterprises Inc. 2001 Stock Option Plan, Coca-Cola
Enterprises Inc. 2004 Stock Award Plan and Coca-Cola Enterprises Inc. 2007 Incentive Award Plan previously sponsored by
CCE have approximately 29 million shares available for grant after conversion of CCE common stock into our common
stock. The Company has not granted any equity awards from the assumed plans.
As of December 31, 2013, there were 84 million shares available to be granted under the 1999 Option Plan, 2002 Option Plan and
2008 Option Plan. Options to purchase common stock under all of these plans have generally been granted at the fair market
value of the Company’s stock at the date of grant.
Stock option activity for all stock option plans for the year ended December 31, 2013, was as follows:
Weighted-Average Aggregate
Shares Weighted-Average Remaining Intrinsic Value
(In millions) Exercise Price Contractual Life (In millions)
Outstanding on January 1, 2013 309 $ 27.27
Granted 56 37.68
Exercised (53) 25.02
Forfeited/expired (7) 34.34
Outstanding on December 31, 20131305 $ 29.42 5.82 years $ 3,636
Expected to vest at December 31, 2013 302 $ 29.33 5.78 years $ 3,614
Exercisable on December 31, 2013 187 $ 25.87 4.25 years $ 2,887
1Includes 3 million stock option replacement awards in connection with our acquisition of CCE’s former North America business in 2010. These
options had a weighted-average exercise price of $18.02, and generally vest over 3 years and expire 10 years from the original date of grant.
The total intrinsic value of the options exercised was $815 million, $780 million and $631 million in 2013, 2012 and 2011,
respectively. The total shares exercised were 53 million, 61 million and 65 million in 2013, 2012 and 2011, respectively.
Restricted Stock Award Plans
Under The Coca-Cola Company 1989 Restricted Stock Award Plan and The Coca-Cola Company 1983 Restricted Stock Award
Plan (the ‘‘Restricted Stock Award Plans’’), 80 million and 48 million shares of restricted common stock, respectively, were
originally available to be granted to certain officers and key employees of our Company. As of December 31, 2013, 25 million
shares remain available for grant under the Restricted Stock Award Plans. The Company issues restricted stock to employees as a
result of performance share unit awards, time-based awards and performance-based awards.
For awards prior to January 1, 2008, under the 1983 Restricted Stock Award Plan, participants are reimbursed by our Company
for income taxes imposed on the award, but not for taxes generated by the reimbursement payment. The 1983 Restricted Stock
Award Plan has been amended to eliminate this tax reimbursement for awards after January 1, 2008. The shares are subject to
certain transfer restrictions and may be forfeited if a participant leaves our Company for reasons other than retirement, disability
or death, absent a change in control of our Company.
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