Dell 2007 Annual Report Download - page 73

Table of Contents
DELL INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
General Information
Stock Option Activity — The following table summarizes stock option activity for the Stock Plans during Fiscal 2008:
Weighted-
Weighted- Average
Number Average Remaining Aggregate
of Exercise Contractual Intrinsic
Options Price Term Value
(in millions) (per share) (in years) (in millions)
Options outstanding — February 2, 2007 314 $ 32.16
Granted 12 24.45
Exercised (7) 18.99
Forfeited (5) 26.80
Cancelled/expired (50) 32.01
Options outstanding — February 1, 2008 264 $ 32.30
Vested and expected to vest (net of estimated forfeitures) — February 1, 2008(a) 259 $ 32.43 4.5 $ 13
Exercisable — February 1, 2008 242 $ 32.89 4.2 $ 12
The following table summarizes stock option activity for the Stock Plans during Fiscal 2007:
Weighted-
Weighted- Average
Number Average Remaining Aggregate
of Exercise Contractual Intrinsic
Options Price Term Value
(in millions) (per share) (in years) (in millions)
Options outstanding — February 3, 2006 343 $ 31.86
Granted 10 25.97
Exercised (13) 14.09
Forfeited (4) 25.84
Cancelled/expired (22) 36.43
Options outstanding — February 2, 2007 314 $ 32.16
Vested and expected to vest (net of estimated forfeitures) — February 2, 2007(a) 309 $ 32.26 5.2 $ 148
Exercisable — February 2, 2007(a) 284 $ 32.74 5.1 $ 145
(a) For options vested and expected to vest and options exercisable, the aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the
difference between Dell's closing stock price on February 1, 2008 and February 2, 2007, and the exercise price multiplied by the number of in-the-money
options) that would have been received by the option holders had the holders exercised their options on February 1, 2008 and February 2, 2007. The intrinsic
value changes based on changes in the fair market value of Dell's common stock.
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