Home Depot 2014 Annual Report Download - page 55

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50
The following table summarizes stock options outstanding at February 1, 2015, February 2, 2014 and February 3, 2013, and
changes during the fiscal years ended on these dates (shares in thousands):
Number of
Shares
Weighted
Average Exercise
Price
Outstanding at January 29, 2012 33,170 $ 35.32
Granted 2,376 49.89
Exercised (18,119) 38.24
Canceled (810) 35.27
Outstanding at February 3, 2013 16,617 $ 34.23
Granted 1,704 69.91
Exercised (4,240) 31.71
Canceled (122) 43.80
Outstanding at February 2, 2014 13,959 $ 39.26
Granted 1,912 81.84
Exercised (4,387) 32.41
Canceled (439) 56.26
Outstanding at February 1, 2015 11,045 $ 48.68
The total intrinsic value of stock options exercised was $234 million, $181 million and $246 million in fiscal 2014, 2013 and
2012, respectively. As of February 1, 2015, there were approximately 11 million stock options outstanding with a weighted
average remaining life of six years and an intrinsic value of $616 million. As of February 1, 2015, there were approximately 4
million stock options exercisable with a weighted average exercise price of $31.99, a weighted average remaining life of four
years, and an intrinsic value of $292 million. As of February 1, 2015, there were approximately 9 million stock options vested
or expected to ultimately vest. As of February 1, 2015, there was $39 million of unamortized stock-based compensation
expense related to stock options, which is expected to be recognized over a weighted average period of two years.
The following table summarizes restricted stock and performance shares outstanding at February 1, 2015, February 2, 2014
and February 3, 2013, and changes during the fiscal years ended on these dates (shares in thousands):
Number of
Shares
Weighted
Average Grant
Date Fair Value
Outstanding at January 29, 2012 15,741 $ 31.81
Granted 3,965 49.18
Restrictions lapsed (5,295) 30.62
Canceled (1,172) 35.29
Outstanding at February 3, 2013 13,239 $ 37.18
Granted 3,092 68.44
Restrictions lapsed (5,048) 30.67
Canceled (827) 46.53
Outstanding at February 2, 2014 10,456 $ 48.82
Granted 2,963 76.71
Restrictions lapsed (4,119) 39.90
Canceled (804) 59.55
Outstanding at February 1, 2015 8,496 $ 61.86
As of February 1, 2015, there was $297 million of unamortized stock-based compensation expense related to restricted stock
and performance shares, which is expected to be recognized over a weighted average period of two years. The total fair value
of restricted stock and performance shares vesting during fiscal 2014, 2013 and 2012 was $334 million, $353 million and
$265 million, respectively.