Citibank 2014 Annual Report Download - page 181
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164
Information with respect to stock option activity under Citigroup’s stock option programs for the years ended December 31, 2014, 2013 and 2012 is as follows:
2014 2013 2012
Options
Weighted-
average
exercise
price
Intrinsic
value
per share Options
Weighted-
average
exercise
price
Intrinsic
value
per share Options
Weighted-
average
exercise
price
Intrinsic
value
per share
Outstanding, beginning of period 31,508,106 $ 50.72 $ 1.39 35,020,397 $ 51.20 $ — 37,596,029 $ 69.60 $—
Forfeited (28,257) 40.80 — (50,914) 212.35 — (858,906) 83.84 —
Expired (602,093) 242.43 — (86,964) 528.40 — (1,716,726) 438.14 —
Exercised (4,363,637) 40.82 11.37 (3,374,413) 40.81 9.54 — — —
Outstanding, end of period 26,514,119 $ 48.00 $ 6.11 31,508,106 $ 50.72 $1.39 35,020,397 $ 51.20 $—
Exercisable, end of period 26,514,119 30,662,588 32,973,444
The following table summarizes information about stock options outstanding under Citigroup’s stock option programs at December 31, 2014:
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
$29.70—$49.99 (1) 25,617,659 1.1 years $ 42.87 25,617,659 $ 42.87
$50.00—$99.99 69,956 6.1 years 56.76 69,956 56.76
$100.00—$199.99 502,416 4.0 years 147.13 502,416 147.13
$200.00—$299.99 124,088 3.1 years 240.28 124,088 240.28
$300.00—$399.99 200,000 3.1 years 335.50 200,000 335.50
Total at December 31, 2014 26,514,119 1.2 years $ 48.02 26,514,119 $ 48.02
(1) A significant portion of the outstanding options are in the $40 to $45 range of exercise prices.