GE 2014 Annual Report Download - page 211

GE 2014 FORM 10-K 191
FINANCIAL STATEMENTS OTHER STOCK-RELATED INFORMATION
NOTE 16. OTHER STOCK-RELATED INFORMATION
We grant stock options, restricted stock units (RSUs) and performance share units (PSUs) to employees under the 2007 Long-
Term Incentive Plan. This plan replaced the 1990 Long-Term Incentive Plan. In addition, we grant options and RSUs in limited
circumstances to consultants, advisors and independent contractors under a plan approved by our Board of Directors in 1997
(the Consultants’ Plan). Share requirements for all plans may be met from either unissued or treasury shares. Stock options
expire 10 years from the date they are granted and vest over service periods that range from one to five years. RSUs give the
recipients the right to receive shares of our stock upon the vesting of their related restrictions. Restrictions on RSUs vest in
various increments and at various dates, beginning after one year from date of grant through grantee retirement. Although the
plan permits us to issue RSUs settleable in cash, we have only issued RSUs settleable in shares of our stock. PSUs give
recipients the right to receive shares of our stock upon the achievement of certain performance targets.
All grants of GE options under all plans must be approved by the Management Development and Compensation Committee,
which consists entirely of independent directors.
STOCK COMPENSATION PLANS
Securities
to be Weighted Securities
issued average available
upon exercise for future
December 31, 2014 (Shares in thousands) exercise price issuance
Approved by shareowners
Options 500,948 $ 20.92 (a)
RSUs 14,896 (b) (a)
PSUs 1,000 (b) (a)
Not approved by shareowners (Consultants’ Plan)
Options 338 25.32 (c)
RSUs - (b) (c)
Total 517,182 $ 20.92 327,525
(a) In 2007, the Board of Directors approved the 2007 Long-Term Incentive Plan (the Plan), which replaced the 1990 Long-Term Incentive Plan. During 2012, an
amendment was approved to increase the number of shares authorized for issuance under the Plan from 500 million shares to 925 million shares. No more than 230
million of the total number of authorized shares may be available for awards granted in any form provided under the Plan other than options or stock appreciation rights.
Total shares available for future issuance under the Plan amounted to 299.3 million shares at December 31, 2014.
(b) Not applicable.
(c) Total shares available for future issuance under the Consultants’ Plan amount to 28.2 million shares.
Outstanding options expire on various dates through December 12, 2024.