HP 2012 Annual Report Download - page 102
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 2: Stock-Based Compensation (Continued)
Restricted Stock Awards
Non-vested restricted stock awards as of October 31, 2012 and 2011 and changes during fiscal 2012
and 2011 were as follows:
2012 2011
Weighted- Weighted-
Average Grant Average Grant
Date Fair Value Date Fair Value
Shares Per Share Shares Per Share
In thousands In thousands
Outstanding at beginning of year .......... 16,813 $39 5,848 $45
Granted ............................ 20,316 $27 17,569 $38
Vested ............................. (8,521) $38 (5,660) $41
Forfeited ........................... (3,076) $34 (944) $43
Outstanding at end of year .............. 25,532 $31 16,813 $39
The details of restricted stock awards granted were as follows:
2012 2011
Weighted- Weighted-
Average Grant Average Grant
Date Fair Date Fair
Value Value
Shares Per Share Shares Per Share
In thousands In thousands
Restricted stock ........................ — $— 335 $42
Restricted stock units .................... 20,316 $27 17,234 $38
20,316 $27 17,569 $38
The details of non-vested restricted stock awards at fiscal year end were as follows:
2012 2011
Shares in thousands
Non-vested at October 31:
Restricted stock ................................................ 349 984
Restricted stock units ............................................ 25,183 15,829
25,532 16,813
At October 31, 2012, there was $508 million of unrecognized pre-tax stock-based compensation
expense related to non-vested restricted stock awards, which HP expected to recognize over the
remaining weighted-average vesting period of 1.3 years. At October 31, 2011, there was $526 million of
unrecognized pre-tax stock-based compensation expense related to non-vested restricted stock awards,
which HP expected to recognize over the remaining weighted-average vesting period of 1.4 years.
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