Danaher 2009 Annual Report Download - page 98

Table of Contents
Option activity under the Company’s stock option plans as of December 31, 2009 and changes during the three years ended December 31, 2009 were as
follows (in thousands; except exercise price and number of years):












 23,959 $39.65
Granted 3,106 $74.04
Exercised (4,126) $ 27.60
Cancelled (711) $52.85
 22,228 $ 46.27
Granted 3,020 $ 77.90
Exercised (1,789) $37.83
Cancelled (1,375) $58.94
 22,084 $ 50.49
Granted 2,560 $57.17
Exercised (4,321) $28.56
Cancelled (926) $74.30
 19,397 $55.12 6 $399,537
 18,831 $54.73 6 $ 394,907
 10,579 $45.70 4 $314,326
Options outstanding at December 31, 2009 are summarized below:
 












$20.73 to $30.64 1,873 $26.77 2 1,854 $ 26.73
$30.65 to $41.74 3,612 $ 35.60 3 3,612 $ 35.60
$41.75 to $57.14 4,881 $52.26 6 2,908 $51.75
$57.15 to $72.84 4,369 $62.98 7 1,133 $ 63.54
$72.85 to $83.39 4,662 $ 77.27 8 1,072 $77.30
The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company’s closing stock price on the last trading day of
2009 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders
exercised their options on December 31, 2009. The amount of aggregate intrinsic value will change based on the fair market value of the Company’s stock.
The aggregate intrinsic value of options exercised during the years ended December 31, 2009, 2008 and 2007 was $151 million, $64 million and $201
million, respectively. Exercise of options during the years ended December 31, 2009, 2008 and 2007 resulted in cash receipts of $120 million, $60 million,
and $113 million, respectively. The Company recognized a tax benefit of approximately $53 million, $20 million, and $66 million in 2009, 2008 and 2007,
respectively related to the exercise of employee stock options, which has been recorded as an increase to additional paid-in capital.
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Source: DANAHER CORP /DE/, 10-K, February 24, 2010 Powered by Morningstar® Document Research℠
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