Abercrombie & Fitch 2008 Annual Report Download - page 68

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Table of Contents
ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The weighted-average estimated fair values of stock options granted during the fifty-two week
periods ended January 31, 2009 and February 2, 2008 and the fifty-three week period ended February 3,
2007, as well as the weighted-average assumptions used in calculating such values, on the date of grant,
were as follows:
Fifty-Two Weeks Fifty-Two Weeks
Ended Ended Fifty-Three Weeks Ended
January 31, 2009 February 2, 2008 February 3, 2007
Executive Officers Executive Officers
and Other and Other Executive Other
Associates Associates Officers Associates
Exercise price $ 67.63 $ 74.05 $ 58.22 $ 58.12
Fair value $ 18.03 $ 22.56 $ 24.92 $ 20.69
Assumptions:
Price volatility 33% 34% 47% 42%
Expected term (Years) 4 4 5 4
Risk-free interest rate 2.3% 4.5% 4.9% 4.9%
Dividend yield 1.0% 1.0% 1.2% 1.2%
The weighted-average estimated fair value of stock appreciation rights granted during the fifty-two
week period ended January 31, 2009, as well as the weighted-average assumptions used in calculating
such values, on the date of grant, were as follows. There were no stock appreciation rights granted in
Fiscal 2007 and Fiscal 2006.
Fifty-Two Weeks
Ended
January 31, 2009
Chairman and Chief
Executive Officer
Exercise price $ 28.55
Fair value $ 8.06
Assumptions:
Price volatility 45%
Expected term (Years) 6.4
Risk-free interest rate 1.6%
Dividend yield 1.3%
In the case of restricted stock units, the Company calculates the fair value of the restricted stock units
granted as the market price of the underlying Common Stock on the date of grant, adjusted for expected
dividend payments during the vesting period.
64
Source: ABERCROMBIE & FITCH CO /DE/, 10-K, March 27, 2009 Powered by Morningstar® Document Research℠