Hasbro 2012 Annual Report Download - page 81

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HASBRO, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
(Thousands of Dollars and Shares Except Per Share Data)
cost related to restricted stock units is $7,317 and the weighted average period over which this will be expensed
is 33 months. Of the shares vested in 2011, the receipt of 58 shares has been deferred to the date upon which the
recipient is no longer employed by the Company.
Information with respect to Restricted Stock Awards and Restricted Stock Units for 2012, 2011 and 2010 is
as follows:
2012 2011 2010
Outstanding at beginning of year ................................ 232 196 70
Granted .................................................. 92 97 138
Forfeited ................................................. (27) (3) —
Vested ................................................... (1) (58) (12)
Outstanding at end of year ..................................... 296 232 196
Weighted average grant-date fair value:
Granted .................................................. $36.01 39.81 41.93
Forfeited ................................................. $40.80 40.98 —
Vested ................................................... $32.90 34.61 27.96
Outstanding at end of year ................................... $39.53 41.06 39.77
In 2012, 2011 and 2010, as part of its annual equity grant to executive officers and certain other employees,
the Company issued 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 2014, December 2013, and December 2012 for the 2012, 2011 and 2010 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 may vary
from 0% to 200% of the target number of shares.
Information with respect to Stock Performance Awards for 2012, 2011 and 2010 is as follows:
2012 2011 2010
Outstanding at beginning of year ............................... 1,627 1,878 1,639
Granted ................................................. 695 456 883
Forfeited ................................................ (144) (86) (64)
Cancelled ............................................... (682) — —
Vested .................................................. (477) (621) (580)
Outstanding at end of year .................................... 1,019 1,627 1,878
Weighted average grant-date fair value:
Granted ................................................. $36.14 45.66 33.44
Forfeited ................................................ $37.54 32.53 26.75
Cancelled ............................................... $33.76 — —
Vested .................................................. $22.31 27.10 28.74
Outstanding at end of year .................................. $39.57 33.52 28.61
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