Kohl's 2010 Annual Report Download - page 64
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Table of Contents
Additional information related to stock options outstanding and exercisable at January 29, 2011, segregated by exercise price range, is summarized
below:
$ 17.00 – $ 35.50 1,339 3.3 $29.65
$ 35.51 – $ 38.30 74 4.3 37.14
$ 38.31 – $ 41.63 432 5.4 41.44
$ 41.64 – $ 45.57 906 5.0 43.03
$ 45.58 – $ 50.37 1,888 8.1 48.05
$ 50.38 – $ 51.81 2,303 3.9 51.39
$ 51.82 – $ 66.25 2,146 5.1 60.65
$ 66.26 – $ 75.90 1,337 5.3 68.23
$ 75.91 – $ 77.62 2,053 3.2 75.98
12,478 4.8 $54.96
Intrinsic value (in thousands) $48,003
The intrinsic value of outstanding and exercisable stock options represents the excess of our closing stock price on January 29, 2011 ($51.20) over the
exercise price multiplied by the applicable number of stock options.
We have also awarded shares of nonvested common stock to eligible key employees and to our Board of Directors. Substantially all awards have
restriction periods tied primarily to employment and/or service. Nonvested stock awarded to employees generally vests over three to five years. Beginning in
2010, nonvested stock was awarded upon a director’s election or re-election to our Board of Directors. Director awards vest over the term to which the director
was elected, generally one year.
The fair value of nonvested stock awards is the closing price of our common stock on the date of grant. We may acquire shares from employees in lieu
of amounts required to satisfy minimum tax withholding requirements upon the vesting of the employee’s unvested stock award. Such shares are then
designated as treasury shares.
F-20