Hasbro 2011 Annual Report Download - page 78

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HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)
Information with respect to Restricted Stock Awards and Restricted Stock Units for 2011, 2010 and 2009 is
as follows:
2011 2010 2009
Outstanding at beginning of year ................................ 196 70 92
Granted .................................................. 97 138 —
Forfeited ................................................. (3) — (2)
Vested ................................................... (58) (12) (20)
Outstanding at end of year ..................................... 232 196 70
Weighted average grant-date fair value:
Granted .................................................. $39.81 41.93 —
Forfeited ................................................. $40.98 — 34.61
Vested ................................................... $34.61 27.96 21.36
Outstanding at end of year ................................... $41.06 39.77 33.51
In 2011, 2010 and 2009, as part of its annual equity grant to executive officers and certain other employees,
the Compensation Committee of the Company’s Board of Directors approved the issuance of contingent stock
performance awards (the “Stock Performance Awards”). These awards provide the recipients with the ability to
earn shares of the Company’s common stock based on the Company’s achievement of stated cumulative diluted
earnings per share and cumulative net revenue targets over the three fiscal years ended December 2013,
December 2012, and December 2011 for the 2011, 2010 and 2009 awards, respectively. Each Stock Performance
Award has a target number of shares of common stock associated with such award which may be earned by the
recipient if the Company achieves the stated diluted earnings per share and revenue targets. The ultimate amount
of the award may vary, depending on actual results. Awards prior to 2010 may vary from 0% to 125% of the
target number of shares. Awards for 2010 and 2011 may vary from 0% to 200% of the target number of shares.
The Compensation Committee of the Company’s Board of Directors has discretionary power to reduce the
amount of the award regardless of whether the stated targets are met.
Information with respect to Stock Performance Awards for 2011, 2010 and 2009 is as follows:
2011 2010 2009
Outstanding at beginning of year ............................... 1,878 1,639 1,830
Granted ................................................. 456 883 631
Forfeited ................................................ (86) (64) (52)
Vested .................................................. (621) (580) (770)
Outstanding at end of year .................................... 1,627 1,878 1,639
Weighted average grant-date fair value:
Granted ................................................. $45.66 33.44 22.31
Forfeited ................................................ $32.53 26.75 26.53
Vested .................................................. $27.10 28.74 19.06
Outstanding at end of year .................................. $33.52 28.61 26.22
Stock Performance Awards granted during 2011, 2010 and 2009 include 23, 80 and 116 shares related to the
2009, 2008 and 2007 awards, respectively, reflecting an increase in the ultimate amount of the awards issued or
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