Intel 2014 Annual Report Download - page 98

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INTEL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Stock option activity for each period was as follows:
Number of
Options
(In Millions)
Weighted
Average
Exercise
Price
December 31, 2011 ................................................................. 298.3 $ 20.12
Granted .......................................................................... 13.5 $ 27.01
Exercised ......................................................................... (85.8) $ 20.45
Cancelled and forfeited .............................................................. (3.9) $ 21.17
Expired ........................................................................... (19.3) $ 22.45
December 29, 2012 ................................................................. 202.8 $ 20.20
Granted .......................................................................... 20.1 $ 22.99
Exercised ......................................................................... (65.0) $ 18.76
Cancelled and forfeited .............................................................. (3.0) $ 22.58
Expired ........................................................................... (1.9) $ 22.56
December 28, 2013 ................................................................. 153.0 $ 21.10
Granted .......................................................................... 0.6 $ 25.34
Exercised ......................................................................... (63.7) $ 19.87
Cancelled and forfeited .............................................................. (2.7) $ 23.70
Expired ........................................................................... (9.9) $ 27.00
December 27, 2014 ................................................................. 77.3 $ 21.30
Options exercisable as of:
December 29, 2012 ............................................................... 139.8 $ 19.76
December 28, 2013 ............................................................... 111.5 $ 20.25
December 27, 2014 ............................................................... 54.7 $ 20.29
The aggregate intrinsic value of stock option exercises in 2014 was $611 million ($265 million in 2013 and $517 million in 2012),
which represents the difference between the exercise price and the value of our common stock at the time of exercise.
As of December 27, 2014, outstanding options and exercisable options information, by range of exercises prices, was as follows:
Outstanding Options Exercisable Options
Range of Exercise Prices
Number of
Shares
(In Millions)
Weighted
Average
Remaining
Contractual
Life
(In Years)
Weighted
Average
Exercise
Price
Number of
Shares
(In Millions)
Weighted
Average
Exercise
Price
$1.82–$15.00 ............................... 0.7 3.0 $ 11.60 0.7 $ 11.60
$15.01–$20.00 .............................. 32.9 1.8 $ 18.27 32.9 $ 18.27
$20.01–$25.00 .............................. 34.0 3.9 $ 22.75 17.2 $ 22.89
$25.01–$27.42 .............................. 9.7 4.3 $ 27.11 3.9 $ 27.21
Total ..................................... 77.3 3.0 $ 21.30 54.7 $ 20.29
These options will expire if they are not exercised by specific dates through April 2021. Option exercise prices for options
exercised during the three-year period ended December 27, 2014 ranged from $1.12 to $28.15.
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