Intel 2012 Annual Report Download - page 90
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84
As of December 29, 2012, there was $1.5 billion in unrecognized compensation costs related to restricted stock units
granted under our equity incentive plans. We expect to recognize those costs over a weighted average period of
1.3 years.
Stock Option Awards
As of December 29, 2012, options outstanding that have vested and are expected to vest are as follows:
Number of
Options
(In Millions)
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term
(In Years)
Aggregate
Intrinsic
Value
(In Millions)
Vested ......................................................................................................
139.8
$ 19.76
2.5
$ 199
Expected to vest.......................................................................................
59.9
$ 21.12
4.7
$ 69
Total.........................................................................................................
199.7
$ 20.17
3.2
$ 268
Aggregate intrinsic value represents the difference between the exercise price and $20.23, the closing price of Intel
common stock on December 28, 2012, as reported on The NASDAQ Global Select Market*, for all in-the-money options
outstanding. Options outstanding that are expected to vest are net of estimated future option forfeitures.
Options with a fair value of $205 million completed vesting during 2012 ($226 million during 2011 and $240 million during
2010). As of December 29, 2012, there was $96 million in unrecognized compensation costs related to stock options
granted under our equity incentive plans. We expect to recognize those costs over a weighted average period of 1.0
years.
Additional information with respect to stock option activity is as follows:
(In Millions, Except Per Option Amounts)
Number of
Options
Weighted
Average
Exercise
Price
December 26, 2009 .....................................................................................................................
451.3
$ 25.08
Grants...........................................................................................................................................
20.2
$ 23.25
Exercises ......................................................................................................................................
(16.6)
$ 18.36
Cancellations and forfeitures........................................................................................................
(16.1)
$ 24.76
Expirations....................................................................................................................................
(52.4)
$ 60.68
December 25, 2010.....................................................................................................................
386.4
$ 20.45
Grants...........................................................................................................................................
14.7
$ 21.49
Assumed in acquisition.................................................................................................................
12.0
$ 15.80
Exercises ......................................................................................................................................
(86.3)
$ 20.06
Cancellations and forfeitures........................................................................................................
(8.6)
$ 20.47
Expirations....................................................................................................................................
(19.9)
$ 24.85
December 31, 2011 .....................................................................................................................
298.3
$ 20.12
Grants...........................................................................................................................................
13.5
$ 27.01
Exercises ......................................................................................................................................
(85.8)
$ 20.45
Cancellations and forfeitures........................................................................................................
(3.9)
$ 21.17
Expirations....................................................................................................................................
(19.3)
$ 22.45
December 29, 2012 .....................................................................................................................
202.8
$ 20.20
Options exercisable as of:
December 25, 2010..................................................................................................................
263.0
$ 21.03
December 31, 2011..................................................................................................................
203.6
$ 20.44
December 29, 2012..................................................................................................................
139.8
$ 19.76
The aggregate intrinsic value of stock option exercises in 2012 was $517 million ($318 million in 2011 and $65 million in
2010), which represents the difference between the exercise price and the value of Intel common stock at the time of
exercise.