HP 2014 Annual Report Download - page 129
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Notes to Consolidated Financial Statements (Continued)
Note 5: Stock-Based Compensation (Continued)
The following table summarizes significant ranges of outstanding and exercisable stock options:
As of October 31, 2014
Options Outstanding Options Exercisable
Weighted- Weighted- Weighted-
Average Average Average
Shares Remaining Exercise Shares Exercise
Range of Exercise Prices Outstanding Contractual Term Price Exercisable Price
In thousands In years In thousands
$0-$9.99 ....................... 324 3.7 $ 7 323 $ 7
$10-$19.99 ..................... 18,387 5.8 $14 3,620 $14
$20-$29.99 ..................... 21,077 5.8 $26 9,358 $25
$30-$39.99 ..................... 2,502 3.5 $36 1,628 $36
$40-$49.99 ..................... 14,910 0.4 $43 14,877 $43
$50-$59.99 ..................... 511 2.3 $52 511 $52
$60 and over ................... 142 0.1 $71 142 $71
57,853 4.3 $27 30,459 $33
As of October 31, 2014, total unrecognized pre-tax stock-based compensation expense related to
stock options was $61 million, which is expected to be recognized over a weighted-average vesting
period of 2.0 years.
Employee Stock Purchase Plan
HP sponsors the 2011 ESPP, pursuant to which eligible employees may contribute up to 10% of
base compensation, subject to certain income limits, to purchase shares of HP’s common stock.
Pursuant to the terms of the 2011 ESPP, employees purchase stock under the 2011 ESPP at a price
equal to 95% of HP’s closing stock price on the purchase date. No stock-based compensation expense
was recorded in connection with those purchases because the criteria of a non-compensatory plan were
met.
Shares Reserved
Shares available for future grant and shares reserved for future issuance under the stock-based
incentive compensation plans and the 2011 ESPP were as follows:
As of October 31
2014 2013 2012
In thousands
Shares available for future grant .............................. 246,852 300,984 152,837
Shares reserved for future issuance ............................ 344,848 417,642 270,498
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