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Notes to Consolidated Financial Statements
The following table summarizes significant ranges of outstanding and exercisable stock options as of July 25, 2009 (in millions, except
years and share prices):
STOCK OPTIONS OUTSTANDING STOCK OPTIONS EXERCISABLE
Range of Exercise Prices
Number
Outstanding
Weighted-
Average
Remaining
Contractual
Life
(in Years)
Weighted-
Average
Exercise
Price per
Share
Aggregate
Intrinsic
Value
Number
Exercisable
Weighted-
Average
Exercise
Price per
Share
Aggregate
Intrinsic
Value
$ 0.01 – 15.00 82 2.92 $11.00 $ 894 77 $11.22 $ 800
15.01 – 18.00 179 3.98 17.29 820 143 17.17 677
18.01 – 20.00 244 3.58 19.22 650 227 19.22 603
20.01 – 25.00 219 5.01 22.42 73 145 22.27 61
25.01 – 35.00 174 6.83 30.54 — 70 30.32 —
35.01 – 68.56 106 0.31 51.62 — 106 51.62 —
Total 1,004 4.13 $24.29 $2,437 768 $24.16 $2,141
The aggregate intrinsic value in the preceding table represents the total pretax intrinsic value, based on the Company’s closing stock price
of $21.88 as of July 24, 2009, which would have been received by the option holders had those option holders exercised their stock
options as of that date. The total number of in-the-money stock options exercisable as of July 25, 2009 was 496 million. As of July 26, 2008,
795 million outstanding stock options were exercisable and the weighted-average exercise price was $29.53.
Restricted Stock and Stock Unit Awards A summary of the restricted stock and stock unit activity is as follows (in millions, except per-share
amounts):
Restricted Stock/
Stock Units
Weighted-
Average Grant Date
Price
per Share
Aggregated Fair
Market Value
BALANCE AT JULY 29, 2006 6 $ 21.61
Granted and assumed 7 22.81
Vested (1) 20.16 $ 35
Canceled/forfeited (1) 22.35
BALANCE AT JULY 28, 2007 11 $ 22.52
Granted and assumed 4 27.29
Vested (4) 22.49 $ 83
Canceled/forfeited (1) 24.24
BALANCE AT JULY 26, 2008 10 $24.27
Granted and assumed 57 20.90
Vested (4) 23.56 $69
Canceled/forfeited (1) 22.76
BALANCE AT JULY 25, 2009 62 $21.25
Certain of the restricted stock units are awarded contingent on the future achievement of financial performance metrics.
68 Cisco Systems, Inc.