Cisco 2015 Annual Report Download - page 120

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(e) Restricted Stock and Stock Unit Awards
A summary of the restricted stock and stock unit activity, which includes time-based and performance-based or market-based
restricted stock units, is as follows (in millions, except per-share amounts):
Restricted Stock/
Stock Units
Weighted-Average
Grant Date Fair
Value per Share
Aggregate Fair
Value
UNVESTED BALANCE AT JULY 28, 2012 ............................... 128 $ 19.46
Granted and assumed ....................................................... 72 18.52
Vested ...................................................................... (46) 20.17 $ 932
Canceled/forfeited .......................................................... (11) 18.91
UNVESTED BALANCE AT JULY 27, 2013 ............................... 143 18.80
Granted and assumed ....................................................... 72 20.85
Vested ...................................................................... (53) 19.55 $ 1,229
Canceled/forfeited .......................................................... (13) 18.61
UNVESTED BALANCE AT JULY 26, 2014 .............................. 149 19.54
Granted and assumed ..................................................... 67 25.29
Vested ..................................................................... (57) 19.82 $ 1,517
Canceled/forfeited ......................................................... (16) 20.17
UNVESTED BALANCE AT JULY 25, 2015 .............................. 143 $ 22.08
(f) Stock Option Awards
A summary of the stock option activity is as follows (in millions, except per-share amounts):
STOCK OPTIONS OUTSTANDING
Number
Outstanding
Weighted-Average
Exercise Price per Share
BALANCE AT JULY 28, 2012 ........................................................ 520 $ 22.68
Assumed from acquisitions ............................................................ 10 0.77
Exercised .............................................................................. (154) 18.51
Canceled/forfeited/expired ............................................................. (100) 22.18
BALANCE AT JULY 27, 2013 ........................................................ 276 24.44
Assumed from acquisitions ............................................................ 6 3.60
Exercised .............................................................................. (78) 18.30
Canceled/forfeited/expired ............................................................. (17) 27.53
BALANCE AT JULY 26, 2014 ....................................................... 187 26.03
Assumed from acquisitions ........................................................... 1 2.60
Exercised ............................................................................. (71) 21.15
Canceled/forfeited/expired ........................................................... (14) 29.68
BALANCE AT JULY 25, 2015 ....................................................... 103 $ 28.68
The total pretax intrinsic value of stock options exercised during fiscal 2015, 2014, and 2013 was $434 million, $458 million, and
$661 million, respectively.
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