Comcast 2011 Annual Report Download - page 116

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2011 Stock Option Activity
(in thousands, except per share amounts and years)
Net Settled
Options
Cash Settled
Options
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
Class A Common Stock
Outstanding as of January 1, 2011 125,358 27,037 $ 18.74
Granted 25,700 — $ 24.98
Exercised (15,081) (10,472) $ 18.99
Forfeited (5,773) (21) $ 19.19
Expired (25) (2,987) $ 22.47
Outstanding as of December 31, 2011 130,179 13,557 $ 19.71 6.2
Weighted-average exercise price, as of December 31, 2011 $ 19.75 $ 19.30
Exercisable as of December 31, 2011 44,638 13,160 $ 19.55 4.0
Weighted-average exercise price, as of December 31, 2011 $ 19.63 $ 19.27
Weighted-average remaining contractual term 4.5 2.4
Class A Special Common Stock
Outstanding as of January 1, 2011 13,963 6,557 $ 22.82
Exercised (1,905) (833) $ 19.93
Forfeited — (2) $ 14.27
Expired (5,396) (2,539) $ 24.93
Outstanding as of December 31, 2011 6,662 3,183 $ 21.92 0.2
Weighted-average exercise price, as of December 31, 2011 $ 22.55 $ 20.61
Exercisable as of December 31, 2011 5,852 3,146 $ 21.84 0.2
Weighted-average exercise price, as of December 31, 2011 $ 22.47 $ 20.66
Weighted-average remaining contractual term 0.2 0.2
2011 Aggregate Intrinsic Value
(in millions)
Net Settled
Options
Cash Settled
Options Total
Class A Common Stock
Outstanding as of December 31, 2011 $ 568 $ 62 $ 630
Exercisable as of December 31, 2011 $ 198 $ 60 $ 258
Class A Special Common Stock
Outstanding as of December 31, 2011 $ 7 $ 10 $ 17
Exercisable as of December 31, 2011 $ 7 $ 9 $ 16
Exercised Stock Options
Year ended December 31 (in millions) 2011 2010 2009
Intrinsic value of options exercised $ 156 $8 $—
Tax benefit of options exercised $58 $3 $—
Cash received from options exercised $ 223 $34 $ 1
The stock option information above does not include 1.5 million stock options outstanding, with a weighted-
average exercise price of $16.55 per share, for the year ended December 31, 2011. These stock options
were issued under a stock option liquidity program in 2005 and will expire by the end of 2012. Cash received
from options exercised under the stock option liquidity program during the year ended December 31, 2011
was $60 million.
Comcast 2011 Annual Report on Form 10-K 114