Comcast 2013 Annual Report Download - page 113

Table of Contents
Comcast Corporation
Note 14: Share-Based Compensation
The tables below provide condensed information on our share-based compensation.
Recognized Share-Based Compensation Expense
As of December 31, 2013, we had unrecognized pretax compensation expense of $318 million related to nonvested stock options
and unrecognized pretax compensation expense of $380 million related to nonvested RSUs that will be recognized over a
weighted
-average period of approximately 1.9 years and 1.7 years, respectively.
2013 Stock Options and Restricted Share Units
Our share-
based compensation primarily consists of awards of stock options and RSUs to certain employees and directors as part
of our approach to long-
term incentive compensation. Awards generally vest over a period of 5 years and in the case of stock
options, have a 10 year term. Additionally, through our employee stock purchase plans, employees are able to purchase shares of
Comcast Class A common stock at a discount through payroll deductions.
Year ended December 31 (in millions)
2013
2012
2011
Stock options
$
139
$
131
$
116
Restricted share units
175
154
149
Employee stock purchase plans
20
16
13
Total
$
334
$
301
$
278
As of December 31, 2013, unless otherwise stated (in millions, except per share data)
Stock
Options
RSUs
Awards granted during 2013
18
7
Weighted-average exercise price
$
41.22
Weighted-average fair value at grant date
$
38.28
Stock options outstanding and nonvested RSUs
104
26
Weighted
-
average exercise price of stock options outstanding
$
25.49
Weighted
-
average fair value at grant date of nonvested RSUs
$
25.38
(a)
As of December 31, 2013, 102 million of stock options outstanding were net settled stock options. Net settled stock options, as opposed to stock options exercised with a
cash payment, result in fewer shares being issued and no cash proceeds being received by us when the options are exercised.
Comcast 2013 Annual Report on Form 10
-
K
108
(a)