Citibank 2011 Annual Report Download - page 185
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163
Information with respect to stock option activity under Citigroup stock option programs for the years ended December 31, 2011, 2010 and 2009 is as follows:
2011
Options
Weighted-
average
exercise
price
Intrinsic
value
per share /PTIONS
7EIGHTEDæ
AVERAGEæ
EXERCISEæ
PRICE
)NTRINSICæ
VALUEæ
PERæSHARE /PTIONS
7EIGHTEDæ
AVERAGEæ
EXERCISEæ
PRICE
)NTRINSICæ
VALUEæ
PERæSHARE
Outstanding, beginning of period 37,486,011 $ 93.70 $ —
'RANTEDORIGINAL 3,425,000 48.86 —
&ORFEITEDæORæEXCHANGED (1,539,227) 176.41 —
%XPIRED (1,610,450) 487.24 —
%XERCISED (165,305) 40.80 6.72
Outstanding, end of period 37,596,029 $ 69.60 $ —
Exercisable, end of period 23,237,069
The following table summarizes the information about stock options outstanding under Citigroup stock option programs at December 31, 2011:
Options outstanding Options exercisable
Range of exercise prices
Number
outstanding
Weighted-average
contractual life
remaining
Weighted-average
exercise price
Number
exercisable
Weighted-average
exercise price
n 33,982,017 4.1 years $ 42.38 20,302,484 $ 41.79
n 203,614 9.3 years 56.44 1,807 67.10
n 532,152 6.9 years 147.20 298,788 150.89
n 852,842 2.6 years 244.51 658,586 244.50
n 366,912 3.6 years 346.94 316,912 348.74
n 1,216,690 0.1 years 428.22 1,216,690 428.22
n 441,802 0.3 years 520.90 441,802 520.90
37,596,029 4.0 years $ 69.60 23,237,069 $ 82.47
As of December 31, 2011, there was $122.5 million of total unrecognized compensation cost related to stock options; this cost is expected to be recognized
over a weighted-average period of 0.8 years.