Ford 2009 Annual Report Download - page 141
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Please find page 141 of the 2009 Ford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Notes to the Financial Statements
Ford Motor Company | 2009 Annual Report 139
NOTE 21. SHARE-BASED COMPENSATION (Continued)
As of December 31, 2009, there was approximately $86 million in unrealized compensation cost related to non-vested
RSU-stock. This expense will be recognized over a weighted average period of 1.3 years.
Stock Options
Stock option activity was as follows:
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The total fair value of options that vested during the years ended December 31 was as follows (in millions):
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We have 185 million fully-vested stock options, with a weighted-average exercise price of $15.47 and remaining term
of 3.5 years. We expect 39.2 million stock options (after forfeitures), with a weighted-average exercise price of $3.72 and
remaining term of 8.7 years, to vest in the future.
The intrinsic value for vested and unvested options during the years ended December 31 was as follows (in millions):
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We received approximately $10 million from the exercise of stock options in 2009. The tax benefit realized was
de minimis. An equivalent of about $10 million in new issues were used to settle exercised options. For options
exercised during the years ended December 31, 2009, 2008, and 2007, the difference between the fair value of the
common shares issued and their respective exercise price was $2 million, de minimis, and $1 million, respectively.
Compensation cost for stock options was as follows (in millions):
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