GameStop 2011 Annual Report Download - page 102

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GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Company’s Class A common stock. The 2001 Incentive Plan provides a maximum aggregate amount of
46.5 million shares of Class A common stock with respect to which options may be granted and provides for the
granting of incentive stock options, non-qualified stock options, and restricted stock, which may include, without
limitation, restrictions on the right to vote such shares and restrictions on the right to receive dividends on such
shares. The options to purchase Class A common shares are issued at fair market value of the underlying shares
on the date of grant. In general, the options vest and become exercisable in equal annual installments over a
three-year period, commencing one year after the grant date, and expire ten years from issuance. Shares issued
upon exercise of options are newly issued shares. Options and restricted shares granted on or before June 21,
2011 were issued under the 2001 Incentive Plan.
Stock Options
A summary of the status of the Company’s stock options is presented below:
Shares
Weighted-
Average
Exercise
Price
(Millions of shares)
Balance, January 31, 2009 ............................................ 9.7 $14.96
Granted ........................................................... 1.4 $26.02
Exercised ......................................................... (0.3) $14.77
Forfeited .......................................................... (0.2) $35.61
Balance, January 30, 2010 ............................................ 10.6 $16.00
Granted ........................................................... 1.2 $20.32
Exercised ......................................................... (3.8) $ 2.85
Forfeited .......................................................... (0.4) $33.51
Balance, January 29, 2011 ............................................ 7.6 $22.43
Exercised ......................................................... (1.4) $13.35
Forfeited .......................................................... (0.4) $30.18
Balance, January 28, 2012 ............................................ 5.8 $23.96
The following table summarizes information as of January 28, 2012 concerning outstanding and exercisable
options:
Options Outstanding Options Exercisable
Range of Exercise Prices
Number
Outstanding
(Millions)
Weighted-
Average
Remaining
Life (Years)
Weighted-
Average
Contractual
Price
Number
Exercisable
(Millions)
Weighted-
Average
Exercise
Price
$ 5.90 - $ 7.55 ............................ 0.1 1.94 $ 6.92 0.1 $ 6.92
$ 9.29 - $10.13 ............................ 1.3 2.76 $ 9.84 1.3 $ 9.84
$17.94 - $20.69 ............................ 2.0 5.83 $20.28 1.3 $20.26
$26.02 - $26.69 ............................ 1.5 6.38 $26.23 1.2 $26.30
$49.95 - $49.95 ............................ 0.9 6.03 $49.95 0.9 $49.95
$ 5.90 - $49.95 ............................ 5.8 5.27 $23.96 4.8 $24.36
F-28