Symantec 2012 Annual Report Download - page 177

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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
Stock options activity
Number
of Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Years
Aggregate
Intrinsic
Value(1)
(In millions, except per share data)
Outstanding at April 1, 2011 ................... 54 $19.61 $91
Granted .................................... 3 18.31
Assumed in acquisitions ...................... 1 3.21
Exercised .................................. (6) 11.94
Forfeited ................................... (1) 16.36
Expired .................................... (10) 25.16
Outstanding at March 30, 2012 ................. 41 $18.98 2.53 years $70
Exercisable at March 30, 2012 ................. 34 $19.59 1.92 years $50
Vested and expected to vest at March 30, 2012 .... 40 $19.01 2.47 years $69
(1) Intrinsic value is calculated as the difference between the market value of our common stock as of
March 30, 2012 and the exercise price of the option. The aggregate intrinsic value of options outstanding
and exercisable includes options with an exercise price below $18.70, the closing price of our common
stock on March 30, 2012, as reported by the NASDAQ Global Select Market.
The weighted-average fair value per share of options granted during fiscal 2012, 2011, and 2010 including
assumed options was $5.23, $4.04, and $5.15, respectively. The total intrinsic value of options exercised during
fiscal 2012, 2011, and 2010 was $40 million, $43 million, and $64 million, respectively.
As of March 30, 2012, total unrecognized compensation cost adjusted for estimated forfeitures related to
unvested stock options was $24 million, which is expected to be recognized over the remaining weighted-average
vesting period of 2.54 years. Total unrecognized compensation cost related to the assumed, unvested Clearwell
stock options was approximately $7 million, which is expected to be recognized over the remaining weighted-
average vesting period of 2.18 years, assuming no forfeitures. Total unrecognized compensation cost related to
early exercised, unvested Clearwell shares was approximately $1 million.
Restricted stock activity
Number
of Shares
Weighted-
Average
Grant Date
Fair Value
Weighted-
Average
Remaining
Years
Aggregate
Intrinsic
Value
(In millions, except per share data)
Outstanding and unvested at April 1, 2011 ....... 18 $15.80 $323
Granted ................................... 11 18.13
Vested and released ......................... (8) 16.98
Forfeited .................................. (3) 16.30
Outstanding and unvested at March 30, 2012 ..... 18 $16.62 1.55 years $330
Expected to vest at March 30, 2012 ............. 15 $ — 1.46 years $282
The weighted-average grant date fair value per share of restricted stock granted during fiscal 2012, 2011, and
2010 including assumed restricted stock was $18.13, $14.96, and $15.60, respectively. The total fair value of restricted
stock that vested in fiscal 2012, 2011, and 2010 was $150 million, $104 million, and $71 million, respectively.
98