Blackberry 2013 Annual Report Download - page 148

Research In Motion Limited
Notes to the Consolidated Financial Statements
In millions of United States dollars, except share and per share data, and except as otherwise indicated
Stock options previously granted under the plan generally vest over a period of three years to a maximum of five years and are
generally exercisable over a period of five years to a maximum of seven years from the grant date. The Company issues new
shares to satisfy stock option exercises. There are five million shares in the equity pool available for future grants under the
Company’s equity plans as at March 2, 2013.
A summary of option activity since February 27, 2010 is shown below:
The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the aggregate difference between the
closing stock price of the Company’s common shares on March 2, 2013 and the exercise price for in-the-money options) that
would have been received by the option holders if all in-the-money options had been exercised on March 2, 2013. During fiscal
2013, there were no options exercised.
32
Options Outstanding
Number
(000’s)
Weighted-
Average
Exercise
Price
Average
Remaining
Contractual
Life in Years
Aggregate
Intrinsic
Value
(millions)
Balance as at Februar
y
27, 2010
9,023 $44.18
Exercised durin
g
the
y
ear
(3,737) 17.83
Forfeited/cancelled/ex
p
ired durin
g
the
y
ear
(676) 46.08
Balance as at Februar
y
26, 2011
4,610 $ 70.36
Exercised durin
g
the
y
ear
(291) 29.70
Forfeited/cancelled/ex
p
ired durin
g
the
y
ear
(701) 64.58
Balance as at March 3, 2012
3,618 $73.86
Granted durin
g
the
y
ear
5,288 7.86
Forfeited/cancelled/ex
p
ired durin
g
the
y
ear
(1,646) 60.86
Balance as at March 2, 2013
7,260 $ 27.53 3.51 $29
Vested and ex
p
ected to vest as at
March 2, 2013
6,869 $ 28.60 3.45 $27
Exercisable as at March 2, 2013
2,073 $74.76 0.91 $
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