Autodesk 2014 Annual Report Download - page 152
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2013 Annual Report
2014 Form 10-K 78
Number of
Shares
Weighted
average exercise
price per share
Weighted
average remaining
contractual term
Aggregate
Intrinsic
Value (3)
(in millions) (in years) (in millions)
Options outstanding at January 31, 2013 19.0 $ 32.69
Granted (1) ——
Exercised (9.2) 27.08
Canceled/Forfeited (3.9) 44.67
Options outstanding at January 31, 2014 5.9 $ 33.54 4.8 $ 105.3
Options vested and exercisable at January 31, 2014 4.0 $ 30.98 4.0 $ 80.3
Options vested and exercisable as of January 31, 2014 and expected to
vest thereafter (2) 5.9 $ 33.52 4.8 $ 105.0
Options available for grant at January 31, 2014 21.6
_______________
(1) Autodesk did not grant stock options in the twelve months ended January 31, 2014.
(2) Options expected to vest reflect an estimated forfeiture rate.
(3) Represents the total pre-tax intrinsic value, based on Autodesk’s closing stock price of $51.25 per share as of January 31, 2014, which
would have been received by the option holders had all option holders exercised their options as of that date.
As of January 31, 2014, compensation cost of $8.2 million related to non-vested options is expected to be recognized over
a weighted average period of 0.5 year.
The following table summarizes information about the pre-tax intrinsic value of options exercised and the weighted
average grant date fair value per share of options granted during the fiscal years ended January 31, 2014, 2013 and 2012:
Fiscal year ended
January 31,
2014 2013 2012
Intrinsic value of options exercised (1) $ 149.0 $ 90.9 $ 85.7
Weighted average grant date fair value per share of stock options granted (2) $ — $ 13.39 $ 14.04
——————
(1) The intrinsic value of options exercised is calculated as the difference between the exercise price of the option and the market value of
the stock on the date of exercise.
(2) The weighted average grant date fair value per share of stock options granted is calculated, as of the stock option grant date, using the
BSM option pricing model. For the twelve months ended January 31, 2014, Autodesk did not grant stock options.
The following table summarizes information about options vested and exercisable, and outstanding at January 31, 2014: