IHOP 2009 Annual Report Download - page 143

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DineEquity, Inc. and Subsidiaries
Notes to the Consolidated Financial Statements (Continued)
18. Stock-Based Incentive Plans (Continued)
Stock Options
Stock option activity for the years ended December 31, 2009, 2008 and 2007 is summarized as
follows:
Weighted Average
Exercise Price Weighted Average
Number of Per Remaining Contractual Aggregate Intrinsic
Shares Under Option Shares Share Term (in Years) Value
Outstanding at December 31, 2006 . 824,689 $34.71
Granted .................... 7,900 57.26
Exercised ................... (282,517) 31.69
Forfeited ................... (8,316) 48.67
Outstanding at December 31, 2007 . 541,756 36.41
Granted .................... 576,000 36.05
Exercised ................... (41,500) 23.82
Forfeited ................... (77,799) 41.65
Expired .................... (64,518) 35.50
Outstanding at December 31, 2008 . 933,939 36.37
Granted .................... 1,016,750 8.22
Exercised ................... (15,500) 20.87
Forfeited ................... (222,923) 20.35
Expired .................... (53,166) 40.07
Outstanding at December 31, 2009 . 1,659,100 $21.30 7.78 $16,249,600
Vested and Expected to Vest at
December 31, 2009 .......... 1,407,339 $22.34 7.57 $12,998,500
Exercisable at December 31, 2009 . 479,915 $38.24 4.80 $ 372,900
The total intrinsic value of options exercised during the years ended December 31, 2009, 2008 and
2007 was $0.1 million, $0.8 million and $7.8 million, respectively.
Cash received from options exercised under all stock-based payment arrangements for the years
ended December 31, 2009, 2008 and 2007 was $0.3 million, $1.0 million and $8.9 million, respectively.
The actual tax benefit realized for the tax deduction from option exercises under the stock-based
payment arrangements totaled $0.5 million, $1.9 million and $3.5 million, respectively, for the years
ended December 31, 2009, 2008 and 2007.
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