Symantec 2014 Annual Report Download - page 168

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Stock-based compensation expense
The following table sets forth the total stock-based compensation expense recognized in our Consolidated
Statements of Income.
Year Ended
March 28,
2014
March 29,
2013
March 30,
2012
(In millions, except per share data)
Cost of revenue $ 19 $ 15 $ 16
Sales and marketing 59 67 70
Research and development 48 50 49
General and administrative 30 32 29
Total stock-based compensation expense 156 164 164
Tax benefit associated with stock-based compensation expense (45) (48) (46)
Net stock-based compensation expense $ 111 $ 116 $ 118
Net stock-based compensation expense per share attributable to Symantec
Corporation stockholders — basic $ 0.16 $ 0.17 $ 0.16
Net stock-based compensation expense per share attributable to Symantec
Corporation stockholders — diluted $ 0.16 $ 0.16 $ 0.16
Stock options activity
Number of
Shares
Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Years
Aggregate Intrinsic
Value (1)
(In millions, except per share and years data)
Outstanding at March 29, 2013 18 $ 19.86
Granted - -
Exercised (9) 17.65
Forfeited (1) 16.19
Expired (2) 27.72
Outstanding at March 28, 2014 6 $ 20.56 1.7 $ 10
Exercisable at March 28, 2014 5 $ 20.91 1.4 $ 8
Vested and expected to vest at March 28, 2014 6 $ 20.58 1.6 $ 10
(1) Intrinsic value is calculated as the difference between the market value of our common stock as of the
last trading day of the fiscal year and the exercise price of the option. The aggregate intrinsic value of
options outstanding and exercisable includes options with an exercise price below $19.79, the closing
price of our common stock on the last trading day of the fiscal year, as reported by the NASDAQ
Global Select Market.
There were no options granted during fiscal 2014. The weighted-average fair value per share of options
granted during fiscal 2013, and 2012 including assumed options was $4.07 and $5.23, respectively. The total
intrinsic value of options exercised during fiscal 2014, 2013, and 2012 was $60 million, $64 million, and
$40 million, respectively.
As of March 28, 2014, total unrecognized compensation cost adjusted for estimated forfeitures related to
unvested stock options was $4 million, which is expected to be recognized over the remaining weighted-average
vesting period of 1.1 years.
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