HP 2011 Annual Report Download - page 100

Download and view the complete annual report

Please find page 100 of the 2011 HP 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 182

  • 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
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 2: Stock-Based Compensation (Continued)
Information about options outstanding at October 31, 2011 was as follows:
Options Outstanding Options Exercisable
Weighted- Weighted- Weighted-
Average Average Average
Remaining Exercise Exercise
Shares Contractual Price Shares Price
Range of Exercise Prices Outstanding Life Per Share Exercisable Per Share
In thousands In years In thousands
$0-$9.99 .......................... 2,456 6.8 $ 6 2,028 $ 6
$10-$19.99 ........................ 14,307 4.6 $15 7,652 $15
$20-$29.99 ........................ 56,375 2.5 $22 43,818 $22
$30-$39.99 ........................ 23,838 2.5 $32 22,965 $32
$40-$49.99 ........................ 20,336 3.4 $43 19,078 $43
$50-$59.99 ........................ 1,171 5.3 $52 666 $51
$60 and over ....................... 1,760 0.7 $75 1,760 $75
120,243 3.0 $28 97,967 $29
At October 31, 2011, there was $264 million of unrecognized pre-tax stock-based compensation
expense related to stock options, which HP expected to recognize over a weighted-average vesting
period of 2.3 years. At October 31, 2010, there was $280 million of unrecognized pre-tax stock-based
compensation expense related to stock options, which HP expected to recognize over a weighted-
average vesting period of 1.6 years.
Restricted Stock Awards
Non-vested restricted stock awards as of October 31, 2011 and 2010 and changes during fiscal 2011
and 2010 were as follows:
2011 2010
Weighted- Weighted-
Average Grant Average Grant
Date Fair Value Date Fair Value
Shares Per Share Shares Per Share
In thousands In thousands
Outstanding at beginning of year .......... 5,848 $45 6,864 $44
Granted and assumed through acquisitions . . . 17,569 $38 4,821 $48
Vested ............................. (5,660) $41 (5,202) $46
Forfeited ........................... (944) $43 (635) $46
Outstanding at end of year .............. 16,813 $39 5,848 $45
92