Abercrombie & Fitch 2008 Annual Report Download - page 69

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Table of Contents
ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Stock Option Activity
Below is the summary of stock option activity for Fiscal 2008:
Fifty-Two Weeks Ended January 31, 2009
Aggregate Weighted-Average
Number of Weighted-Average Intrinsic Remaining
Stock Options Shares Exercise Price Value Contractual Life
Outstanding at February 2,
2008 7,738,112 $ 41.03
Granted 460,800 67.63
Exercised (1,301,572) 42.51
Forfeited or expired (221,350) 68.63
Outstanding at January 31,
2009 6,675,990 $ 41.70 $ 78,260 2.5
Stock options expected to
vest at January 31, 2009 656,559 $ 67.06 $ 38,742 8.4
Stock options exercisable at
January 31, 2009 5,925,702 $ 38.53 $ 29,260 1.8
The total intrinsic value of stock options exercised during the fifty-two week periods ended
January 31, 2009 and February 2, 2008 and the fifty-three week period ended February 3, 2007 was
$40.3 million, $64.2 million and $15.2 million, respectively.
The total fair value of stock options vested during the fifty-two week periods ended January 31, 2009
and February 2, 2008 and the fifty-three week period ended February 3, 2007 was $5.1 million,
$5.1 million and $29.5 million, respectively.
As of January 31, 2009, there was $10.4 million of total unrecognized compensation cost, net of
estimated forfeitures, related to stock options. The unrecognized cost is expected to be recognized over a
weighted-average period of 1.3 years.
Stock Appreciation Rights Activity
Below is the summary of stock appreciation rights activity for Fiscal 2008:
Fifty-Two Weeks Ended January 31, 2009
Weighted-Average
Number of Weighted-Average Aggregate Intrinsic Remaining
Stock Appreciation Rights Shares Exercise Price Value Contractual Life
Outstanding at February 2,
2008 — —
Granted 1,600,000 28.55
Exercised — —
Forfeited or expired — —
Outstanding at January 31,
2009 1,600,000 $ 28.55 $ 0 7.0
65
Source: ABERCROMBIE & FITCH CO /DE/, 10-K, March 27, 2009 Powered by Morningstar® Document Research℠