Dell 2011 Annual Report Download - page 100

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Table of Contents DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Stock Option Activity
The following table summarizes stock option activity for the Stock Plans during Fiscal 2010 , Fiscal 2011, and Fiscal 2012 :
Number
of
Options
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
(in millions) (per share) (in years) (in millions)
Options outstanding — January 30, 2009 230 $ 31.85
Granted (a) 11 9.83
Exercised — 12.05
Forfeited — 14.73
Cancelled/expired (36) 35.59
Options outstanding — January 29, 2010 205 30.00
Granted (a) 17 14.82
Exercised (1) 9.18
Forfeited (2) 13.85
Cancelled/expired (58) 36.44
Options outstanding — January 28, 2011 161 26.49
Granted and assumed through acquisitions 28 13.79
Exercised (4) 9.38
Forfeited (5) 13.35
Cancelled/expired (37) 24.85
Options outstanding — February 3, 2012 (b) 143 25.37 4.2 $ 177
Vested and expected to vest (net of estimated forfeitures) — February 3, 2012(b) 138 $ 25.72 4.1 $ 163
Exercisable — February 3, 2012(b) 108 $ 29.02 2.8 $ 54
____________________
(a) In Fiscal 2011 and Fiscal 2010, Dell did not convert or assume any options in connection with business acquisitions.
(b) For options vested and expected to vest, options exercisable, and options outstanding, the aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the
difference between Dell's closing stock price on February 3, 2012 and the exercise price multiplied by the number of in-the-money options) that would have been received by the option
holders had the holders exercised their options on February 3, 2012. The intrinsic value changes based on changes in the fair value of Dell's common stock.
In connection with Fiscal 2012 acquisitions, Dell assumed approximately 6 million stock options with a weighted-average exercise price per share of $7.38.
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