GameStop 2012 Annual Report Download - page 108

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GAMESTOP CORP.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
share-based awards, 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 after June 21, 2011 are issued under the 2011 Incentive Plan.
Effective June 2009, the Company’s stockholders voted to amend the Third Amended and Restated 2001
Incentive Plan (the “2001 Incentive Plan”) to provide for issuance under the 2001 Incentive Plan of the
Company’s Class A Common Stock. The 2001 Incentive Plan provided a maximum aggregate amount of
46.5 million shares of Class A Common Stock with respect to which options may have been granted and
provided for the granting of incentive stock options, non-qualified stock options, and restricted stock, which may
have included, 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 were 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 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
Exercised ......................................................... (0.8) $14.75
Forfeited .......................................................... (0.4) $29.02
Balance, February 2, 2013 ............................................ 4.6 $25.04
F-33