Facebook 2013 Annual Report Download - page 82

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80
added to the reserves of the 2012 Plan. The maximum term for stock options granted under the 2012 Plan may not exceed ten years
from the date of grant. Our 2012 Plan will terminate ten years from the date of approval unless it is terminated earlier by our
compensation committee.
The 2005 Officers' Stock Plan provides for up to 120,000,000 shares of incentive and nonstatutory stock options to certain of
our employees or officers. The 2005 Officers' Stock Plan will terminate ten years after its adoption unless terminated earlier by our
compensation committee. Stock options become vested and exercisable at such times and under such conditions as determined by
our compensation committee on the date of grant. In November 2005, we issued a nonstatutory stock option to our CEO to purchase
120,000,000 shares of our Class B common stock under the 2005 Officers' Stock Plan. As of December 31, 2013, this option was
fully exercised and no options were available for future issuance under the 2005 Officers' Stock Plan. We will not grant any additional
awards under the 2005 Officers' Stock Plan in the future.
The following table summarizes the stock option and RSU award activities under the Stock Plans for the year ended
December 31, 2013:
Shares Subject to Options Outstanding
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value(1)
(in thousands) (in years) (in millions)
Balance as of December 31, 2012 122,821 $ 0.85 3.79 $ 3,166
Stock options exercised (100,504) 0.26
Stock options forfeited/cancelled (215) 1.85
Balance as of December 31, 2013 22,102 $ 3.56 4.66 $ 1,129
Stock options vested and expected to vest as of December 31, 2013 22,080 $ 3.55 4.66 $ 1,128
Stock options exercisable as of December 31, 2013 17,007 $ 1.64 4.12 $ 902
(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option awards and the closing price of our Class
A common stock of $54.65 on December 31, 2013.