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Table of Contents
Stock Option Activity
Cash Settled
Options
(in thousands)
Net
Settled Options
(in thousands)
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual Term
(in years)
Aggregate
Intrinsic Value
(in millions)
Class A Common Stock
Outstanding as of January 1, 2009
46,311
80,915
$
23.41
Granted
—
34,293
$
14.56
Exercised
(6
)
(4
)
$
16.64
Forfeited
(435
)
(4,355
)
$
19.01
Expired
(10,053
)
(4,111
)
$
40.50
Outstanding as of December 31, 2009
35,817
106,738
$
19.74
6.0
$
77.7
Weighted-average exercise price, as of
December 31, 2009
$
22.08
$
18.95
Exercisable as of December 31, 2009
31,973
34,555
$
21.95
3.7
$
1.0
Weighted-average exercise price, as of
December 31, 2009
$
22.36
$
21.57
Weighted-average remaining contractual
term
3.0
4.4
Aggregate intrinsic value
$
0.8
$
0.2
Class A Special Common Stock
Outstanding as of January 1, 2009
11,671
36,598
$
24.08
Exercised
(49
)
—
$
12.90
Forfeited
(18
)
—
$
21.79
Expired
(1,958
)
(7,622
)
$
22.60
Outstanding as of December 31, 2009
9,646
28,976
$
24.47
1.3
$
2.0
Weighted-average exercise price, as of
December 31, 2009
$
23.31
$
24.85
Exercisable as of December 31, 2009
9,410
25,251
$
24.53
1.3
$
1.9
Weighted-average exercise price, as of
December 31, 2009
$
23.37
$
24.96
Weighted-average remaining contractual
term
1.5
1.2
Aggregate intrinsic value
$
1.6
$
0.3
63
Comcast 2009 Annual Report on Form 10-
K
Cash received from cash settled options exercised during the
year ended December 31, 2009 was $1 million.
Exercised Stock Options
The stock option information above does not include
7.1 million stock options outstanding, with a weighted-
average exercise price of $25.63 per share, for the year
ended December 31, 2009. These stock options were issued
under a stock option liquidity program in 2005 and will expire
by the end of 2012.
Year ended December 31 (in millions)
2009
2008
2007
Intrinsic value of options
exercised
$
—
$
85
$
171
Tax benefit of options exercised
$
—
$
30
$
58
We also maintain a deferred stock option plan for certain
employees and directors that provided the optionees with the
opportunity to defer the receipt of shares of Class A or
Class A Special common stock that would otherwise be
deliverable when the stock options are exercised. As of
December 31, 2009, approximately 1.9 million shares of
Class A Special common stock were issuable under
exercised options, the receipt of which was irrevocably
deferred by the optionees under the deferred stock option
plan.
Restricted Stock Plan
We maintain a restricted stock plan under which certain
employees and directors (“participants”) may be granted RSU
awards in units of Class A or Class A Special common stock.
Under the restricted stock plan, a combined total of
approximately 55 million shares of our Class A and Class A
Special common stock are reserved for issuance, including
those outstanding as of